What is Peanut the Squirrel? ​How It Works & Its Features 2024 Review

This article is about the latest meme coin – Peanut the Squirrel – which is a fun coin and has started to create some buzz in the cryptocurrency space.

It is built on the Solana blockchain as it takes advantage of the popularity of the viral mascot Peanut the Squirrel, thereby adding a twist of humor to the investment front which seems to have a wee bit of promise in this fast developing digital space.

What is Peanut the Squirrel?

Peanut the Squirrel has approximate targets and prices ranging from zero to $10 based on current scoring since it was launched on Pump.fun and now lives on Solana chain.

The coin was able to set a market cap of $1 billion with only 1.2 billion being in circulation, these numbers helped Pnut climb higher on other exchanges like Binance and Coinbase despite its rough start.

Throughout the past years the Pnut coin was overshadowed by the hype that it received but with time stability is expected to be introduced and the meme community will become a strong reason behind its significance.

Peanut the Squirrel Overview

Peanut the Squirrel Price Live Data

The live Peanut the Squirrel price today is $1.20 USD with a 24-hour trading volume of $674,128,332 USD. 

They update PNUT to USD price in real-time. Peanut the Squirrel is down 6.56% in the last 24 hours.

The current ranking is with a live market cap of $1,200,185,276 USD. It has a circulating supply of 999,854,825 PNUT coins and a max. supply of 1,000,000,000 PNUT coins.

How to Buy?

Download Phantom

Download Phantom or your wallet of choice from the store. Desktop users, download the google chrome extension by going to phantom.app.

Get Some SOL

If you don’t have any SOL, you can buy directly on Phantom, transfer from another wallet, or buy on another exchange and send it to your wallet.

Go To Raydium.io

Now that you have some Solana, head to Raydium.io (or Jup.ag if you prefer) to be able to swap your $SOL for some $PNUT.

Buy $PNUT

Paste the token address (CA) into Raydium and switch SOL for $PNUT. There’s zero taxes so you don’t need to worry.

Peanut the Squirrel Markets

Peanut the Squirrel Coin Features

Meme Inspired Adoption

A great addition as it is based on the social media viral, Peanut the Squirrel.

Technology

The ingenuity of Peanut the Squirrel Coin is that they are built on the Solana blockchain platform with its reasonably low costs as well as quick transactions.

Markets

Available on international platforms such as Binance and Coinbase as example, thus simply available.

Investors

Supported by a strong and passionate community, which helps with adoption and increase the asset value.

Growing Trends

Understandably so, there was good growth in the market cap which indicates good profit potential for the asset.

Risk level

The same as other meme coins, PNUT has high market risk, providing diverse opportunities as well as diversity of threats.

Advertising

Earning with the aid of social media with the application of viral marketing.

Liquidity

Easy to buy/sell increasing its appeal to novice and experienced investors alike for it is highly liquid.

Is Peanut the Squirrel Coin safe?

Peanut the Squirrel Coin (PNUT) is well known for its meme coins however due to its high price volatility and being dependent on social media does carry a lot of risks.

It has however had impressive turn in popularity as well as market cap, so do proceed with caution.

As always, make sure to keep your PNUT tokens in secure wallets such as Phantom, Solflare, or Ledger Nano X2.

Besides that, it is also wise to consider that sudden changes in the market may occur, and there will asset however be simple speculative trades.

Doing a very thorough investigation and weighing down the pros and cons is ideal with any investment, and in this case, PNUT tokens, it is advisable.

Peanut the Squirrel coin Alternatives

Shiba Inu (SHIB)

Shiba Inu has gained an immense tutorial of followers as it is widely acknowledged as the “Dogecoin killer” owing to its niche of being the Darceis Memeso Feminine, since it has trueigned global following as its core, building its decentralized ecosystem around real use cases.

Floki Inu (FLOKI)

Drawing its influence from Elon Musk’s dog, it features a dog theme and has true use cases, as it promotes a strong ecosystem that includes NFTs, gaming projects, education platforms and attracting crypto fans while using Musk’s popularity to grow rapidly.

Brett (BRETT)

Due to being a part of a community driven meme coin, Brett has seen a steady rise through its distinctive features and newfound popularity.

Its simplicity, its tenderness, its relatability and the drive for stronger engagement in it meant that its growth would be stable even in an otherwise unpredictable market.

Snek (SNEK)

Snek on the other side is a relatively new addition to the meme coin space and is quite attractive, interestingly its design is also catching up.

With its new branding campaign and massive community leech, Snek will find a great vantage over other meme coin in the meme coin market.

Moo Deng (MOODENG)

With its funny branding style and its followers supportive of the concept, Moo Deng has rebuilt its image.

As many believe that memes can depict real life and Moo Deng is one of those coins, it helps change the collateral dynamics in the meme coins competitiveness.

Conclusion

Peanut the Squirrel Coin (PNUT) has a growing community of meme coins starting from its viral mascot to an active online presence, sounds really fun.

But like any other meme coin, deep research on the coin is necessary especially for risk-working sectors.

So PNUT should be bought after doing proper research taking the time frame as the speculator.

The coin is still in transition globally and which means that adoption of the currency in more areas depends on community surrounding it.

Whatever the meme coin index is, always keep them in your mind along with other memetic currencies memes.