📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Recently, a remarkable new member has emerged in the Solana ecosystem - the PNUT token. This token, which is based on the tragic story of a squirrel named Peanut, has become a hot topic in the encryption market.
The birth of PNUT has a dramatic background. When the New York State Department of Environmental Protection disposed of the internet-famous squirrel Peanut on the grounds that it might carry rabies, it sparked widespread public outrage. This incident ignited people's concern for animal rights, leading to the slogan 'The lives of mice are also precious,' and PNUT thus became a symbol of protest and support.
As a meme coin based on the Solana blockchain, PNUT has a total supply of 1 billion tokens, with a circulating supply nearing 1 billion as of August 6, 2025. Despite being an emerging token, PNUT has already demonstrated impressive market performance. In early November 2024, PNUT experienced a significant price surge, with its market capitalization briefly exceeding 110 million USD.
It is worth noting that after Binance announced the launch of PNUT and opened the USDT spot trading pair, the price of PNUT experienced a dramatic increase in a short period of time. Within an hour of the news release, the price of PNUT rose by 141.15%, and in just 10 minutes, it even increased more than three times. This surge in price brought PNUT's market capitalization to 451 million USD that evening.
However, PNUT is not just a speculative tool. It also represents a broader vision - to become a hub for the global animal welfare community. Funds from purchasing PNUT will directly support animal rescue and protection projects. In addition, PNUT holders can participate in community governance and contribute their efforts to projects related to animal rights.
Although the future development of PNUT remains to be seen, it undoubtedly provides an interesting case of how encryption can be integrated with social welfare. As more people pay attention to animal rights issues, PNUT may continue to play an important role in the future.