Euthanized Instagram Star Peanut the Squirrel Inspires Solana $PNUT Memecoin Surge of 2,147% to $85M

Nov 2, 2024, 10:03 PM

Peanut, a rescued squirrel and Instagram star who gained viral fame on social media, was euthanized today by New York State officials to test for rabies. In response, crypto enthusiasts launched a memecoin named after the squirrel on the Solana blockchain. The token, known as $PNUT, has surged in value, rising over 2,147% today and reaching record highs with a market capitalization exceeding $85 million, with some reports citing $77 million and $57 million. The memecoin has sparked a frenzy among investors.