Author: Nancy, PANews
This past weekend, the MEME coin Pnut became a hot topic for Degens, with its market cap surpassing $100 million in just one day. This craze is related to the news of the arrest and euthanasia of the American internet celebrity squirrel Peanut (Peanut), and the public's sympathy for Peanut's unfortunate incident is spreading across the internet, especially with the "hype" from public figures like Musk, turning this event into an American political movement and arousing strong indignation and widespread condemnation across the internet.
Pnut's market cap exceeded $100 million, with the deployer only making $73,000
In recent days, the MEME market on Solana has seen another large MC memecoin project, with the squirrel-themed MEME coin "Pnut" being rapidly disseminated as a MEME satire culture. Dex Screener data shows that starting on November 2, the MEME coin "Pnut" price began to soar, reaching a peak of over 6,600 times its initial listing price, and its market cap also reached a high of $110 million on November 3. As of the time of writing, Pnut's market cap has fallen back to around $55 million.
In the hot narrative, some smart money has profited handsomely, while others who exited too early have suffered losses. According to monitoring by @ai_ 9684 xtpa, the smart money GmM 5 U...Hu 9 vB, who built a position at the bottom at a cost of $44,851, has already made a profit of $1.64 million, a return of 3,668%, and has sold off nearly 90% of its position. According to Onchain Lens monitoring, a certain user spent 8 SOL ($1,392) to buy 19.4 million Pnut, and then sold them at 4.09 SOL ($711), losing $681, although the value of these tokens once exceeded $1.85 million; Lookonchain also monitored that a certain address sold 19.1 million Pnut at a loss, which are now worth over $1.6 million, the address spent 11 SOL ($1,882) to buy 19.1 million Pnut and eventually sold them at 4.57 SOL ($783), losing $1,099.
It is worth mentioning that Lookonchain data detection shows that the deployer of Pnut quickly sold all their Pnut after issuing Pnut with 2 SOL withdrawn from Coinbase, and the two other wallets associated with them have also sold all their Pnut, with a total profit of only about $73,000.
After Pnut's popularity, the MEME market's attention has refocused on some similar animal MEME coins like raccoons and elephants, but currently only Pnut maintains a certain market heat.
The controversy over the arrest and euthanasia of the internet celebrity squirrel has escalated into a political struggle
Behind the attention on the MEME coin Pnut is the controversy over the arrest and euthanasia of the internet celebrity squirrel "Peanut".
More than seven years ago, mechanical engineer Mark Longo witnessed the accidental death of a squirrel's mother in a car accident, and out of compassion, he took the orphaned little squirrel home and gave it the affectionate name "Peanut". In the process of caring for it, Mark Longo used his social media accounts to share countless interesting interaction videos between Peanut and himself, quickly attracting the attention of hundreds of thousands of fans, and Peanut became an animal internet celebrity.
According to Mark Longo, as his love for animals deepened, he wholeheartedly devoted himself to wildlife conservation last year, founding a non-profit animal sanctuary called "P'Nuts Freedom Farm Animal Sanctuary" and currently caring for over 300 animals including horses, goats and alpacas.
However, an unexpected storm has disrupted Mark Longo and Peanut's peaceful life. According to the Associated Press, on October 30, officials from the New York State Department of Environmental Conservation (DEC) raided Mark Longo's home without a search warrant and arrested Peanut. "I was treated like a drug dealer, and the officials' actions were like they were looking for drugs and guns," Mark Longo revealed, as the environmental agency had received multiple complaints from the public that Peanut was a wild animal and could transmit diseases like rabies.
For this reason, Mark Longo had to launch a petition on social media, which quickly received the active response and signatures of tens of thousands of fans. However, the development of the situation did not go as everyone wished. Mark Longo later announced with sorrow that Peanut had been euthanized by the relevant authorities for being an "illegally kept wild animal". The DEC stated that Peanut bit the personnel involved in the investigation, and both Peanut and another raccoon named Fred were euthanized for rabies testing.
This news immediately caused a huge uproar across the internet, with countless netizens expressing strong dissatisfaction and anger, and the DEC was also caught in the vortex of public opinion.
"The way New York City treated the squirrel Peanut is as cruel as the way they treated Harambe (the gorilla shot dead by a US zoo to save a boy)," the Memecoin project Dogecoin tweeted. Musk also joined the mourning, posting multiple tweets in support of Peanut and Mark Longo, "The government should not be allowed to barge into your house and kill your pet! This is so wrong. Even if keeping a pet squirrel is illegal (which it shouldn't be), why kill Peanut instead of just releasing it back into the forest?", "The government is a heartless killing machine, Trump will save the squirrels, rest in peace Peanut." The satirical news website Babylon Bee even stated, "Radical squirrels wearing MAGA hats begin uprising."
At a time when the US presidential election is in its final battle, the storm over Peanut has fermented into a campaign against the Democratic Party, and has even been used as a rhetorical weapon in the political struggle.
