From Little Squirrel to Big Market Value: Can $PNUT Maintain Its Market Heat? What are the Future Expectations?

PNUT is a MEME themed around Internet celebrity squirrel "Peanut", which has gained widespread attention due to its intertwined story and US political background. Peanut is a squirrel adopted by mechanical engineer Mark Longo, whose mother died in a car accident. Peanut was carefully taken care of by Longo and gradually became an Internet celebrity. However, at the end of October, the New York State Department of Environmental Protection arrested Peanut without a search warrant and forced him to be euthanized, causing strong public dissatisfaction. This incident was supported by public figures such as Elon Musk, which escalated from an animal story to a social controversy and attracted widespread attention.

The launch of PNUT quickly ignited the market, especially on the Solana chain. In just a few days, the market value exceeded $100 million, attracting the interest of many Degens and speculators. Under the influence of celebrities and social media, the price of PNUT skyrocketed 6600 times on November 2nd, and the market value once climbed to $110 million. Although some early investors profited from it, many investors suffered losses due to market fluctuations, highlighting its high speculative nature and risk. At the same time, the deployer of PNUT coin published PNUT with a small amount of SOL through Coinbase, ultimately making a profit of about $73,000.

The fermentation of the Peanut incident coincided with the US presidential election and gradually evolved into a political topic, becoming a public opinion weapon against the Democratic government. Celebrities, media, and online public opinion regarded it as a symbol of excessive government interference in personal life, and even used it as a political weapon. The far-reaching impact of this incident not only consolidated PNUT's position in the MEME market, but also triggered a new round of attention to animal-themed MEME coins, making it a hot topic in the current market.

$PNUT quickly became popular in the cryptocurrency market due to its story behind it. This token is not just a simple MEME coin, but a symbol born with the tragic fate of Internet celebrity squirrel Peanut. Peanut, a little squirrel that had been rescued and raised for many years, was forced to leave home in a controversial law enforcement operation and was euthanized. Peanut's fate touched thousands of people and sparked public support from celebrities such as Musk, quickly turning the event into a political discussion in the US.

As Peanut's story spread, $PNUT became a symbol of animal sanctuary and freedom, triggering a strong speculative trend in the market. From an almost inconspicuous small currency to a market value of over 462 million US dollars, $PNUT rose dramatically in just a few days. The speculators' frenzy also attracted the attention of all kinds of "smart money". Some early investors gained huge returns as a result, while many regretted missing the best opportunity.

After Peanut became a symbol of public opinion and political movements, $PNUT is no longer just a token, but a symbol of fighting injustice and supporting freedom.

 

The current circulating market value of $PNUT is $482.34M and the unit price is 0.4824 dollars. With the topical Meme narrative and market support, the circulating market value has climbed to nearly 500 million dollars.

Benchmark project type and market value expectations:

Neiro ($NEIRO) - A meme coin that inherits the concept of Doge

Token unit price: 0.00291 dollars

Market capitalization: $1.22B

If the circulating market value of $PNUT reaches the level of $NEIRO, the token unit price is about 1.223 dollars

Increase: + 153.6% of current price

Dogwifhat ($WIF) - Hat Dog on Solana

Token price: 3.2 dollars

Market capitalization: $3.20B

If the circulating market value of $PNUT reaches the level of $WIF, the token unit price is about 3.2 dollars

Increase: + 563.4% of current price

PEPE - Classic Frog Meme Coin

Token unit price: 0.000014 dollars

Market capitalization: $6.05B

If the circulating market value of $PNUT reaches the level of $PEPE, the token unit price is about 6.05 dollars

Increase: + 1153.8% of current price

 

Analysis of Position Structure: Based on the current position data, the token distribution of $PNUT is relatively concentrated, especially with some major exchanges holding a large number of tokens. Binance, as the largest holder, holds about 30.48% of the tokens, totaling about 300 million tokens. In addition, exchanges such as Gate.io and MEXC hold 3.02% and 1.39% respectively, ensuring the liquidity of transactions.

Large addresses and chip distribution: On-chain data shows that the top ten addresses hold a total of 42.82% of $PNUT, with a relatively high concentration. The current situation of highly concentrated positions means that if some holders in large addresses conduct large-scale buying or selling operations, it may have a significant impact on the market. The concentration of such large addresses also implies that the price of $PNUT is easily affected by the operations of large investors, especially the selling pressure when these large investors take profits. Recent data shows that addresses such as "js5LJ... zyw" sold their tokens significantly after earning more than 44.84K SOL. This behavior has put pressure on market sentiment and is also a risk that investors need to be vigilant about.

3. On-chain active level and profitability: The on-chain active level of $PNUT is relatively high, and many large account addresses show frequent trading operations, indicating that there is a lot of short-term arbitrage behavior in the market. For example, smart money accounts have gradually reduced their positions after obtaining hundreds of times the profit. For some high-yield addresses, such as "4JUJY... tQX" and "FjmRj... 9FQc", they established positions at low levels and sold a large amount at high levels, taking advantage of the opportunity of price increases to obtain high profits.

4. Market demand and scarcity: Currently, the market value of $PNUT is close to $479 million, and the liquidity is about $10.70 million. With a total supply of about 999.90 million, the executed destruction mechanism has reduced the supply of tokens to a low level, increasing their scarcity. The market sentiment mainly comes from the storytelling and hype of $PNUT, which has attracted a lot of attention and capital influx in the short term. Especially under the influence of market hotspots and celebrity endorsements, its demand has risen rapidly.

 

1. The price of $PNUT fluctuates greatly, especially under the promotion of market speculation, hot events, and celebrity effects, which can easily lead to sharp rises and falls. As token prices mainly rely on social media and online public opinion, even small changes in market sentiment can have a significant impact

2. As a MEME coin, the value of $PNUT largely depends on the support of topicality, speculation and market sentiment. The dissipation of short-term market hotspots may make the token lose its attractiveness rapidly, leading to a price decline. It should be recognized that it is essentially a highly speculative asset, and its long-term value is difficult to guarantee.

 

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