Question 1

What is PNUT?

Accepted Answer

PNUT is a memecoin named Peanut the Squirrel (Pnut) deployed on Solana. It is an on-chain asset identified by a specific token address: holders can hold and transfer balances as recorded by the token program, but the token name, community theme, or act of holding it does not itself confer ownership of a real animal, related organization, or business. For PNUT, the address is more decisive than the name: other tokens with the same name or ticker can exist on Solana, while wallets and trading programs process assets according to the token mint address.

Question 2

How can the correct PNUT be identified?

Accepted Answer

The correct PNUT should be identified by the Solana address 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump. Before transferring in, swapping, or adding the asset in a wallet, verify this full address character by character rather than relying only on “PNUT,” “Peanut the Squirrel,” an icon, or search results. This is because token names and tickers are usually display fields; on-chain transfers instead point to a specific mint address. If the addresses differ, the assets may be different even if the names are the same.

Question 3

How should PNUT's supply and decimal precision be understood?

Accepted Answer

The official website lists the PNUT supply as 1,000,000,000 tokens; at the time of query, Solscan showed the Current Supply for that address as 999,841,003.038879 PNUT. These are not the same reporting basis: the former is an integer supply label on the project page, while the latter is a supply figure read by the explorer from the current on-chain state. PNUT has 6 decimal places, so the smallest on-chain unit is 0.000001 PNUT. When viewing balances or supply, or calculating transfer amounts, first confirm whether a page shows the project's rounded integer basis or a real-time on-chain basis; where they differ, the official website's integer label cannot be treated directly as an exact on-chain balance at a particular time.

Question 4

What costs should be considered when transferring or swapping PNUT?

Accepted Answer

On-chain PNUT transfers require SOL to pay Solana network fees; the “zero taxes” stated on the project page means PNUT does not charge an additional project token tax, not that network fees are waived. The sender's wallet must also sign the transaction and retain enough SOL to complete the transaction and cover possible account-related costs. If SOL is swapped for PNUT in a liquidity pool or aggregator, user costs may also include routing fees, pool price impact, and slippage. Slippage is not a fixed charge, but the deviation between the actual execution price and the expected price before the order; this deviation may increase when available liquidity is lower or the trade size is larger.

Question 5

What does “LP: BURNT” mean for PNUT?

Accepted Answer

The website's “LP: BURNT” indicates that the project labels liquidity-related certificates as burned; in common automated market-making mechanisms, LP certificates represent redemption rights to a share of a liquidity pool. If the certificates have indeed been transferred to an uncontrollable address, the original holder generally can no longer redeem the corresponding share using those certificates. This does not mean that “the liquidity pool itself has been burned,” nor can it guarantee that the assets in the pool, trading depth, price, or future liquidity will remain unchanged. Other participants may still create, remove, or alter liquidity in other pools; assessing actual executability also requires looking at the specific pool and quote at the time of trading.

Question 6

What does PNUT's first-mint record indicate?

Accepted Answer

Solscan records show that the target PNUT address was first minted on October 31, 2024, at 14:21:40 (UTC). First minting is the time when the token's supply record was first generated on-chain; it is not the time each holder obtained tokens, nor does it prove that a trading market had liquidity at that same time. The same record also labels the asset as Memecoin and Pump.fun and displays Authority as N/A. These fields help identify the type of the on-chain record and the currently displayed authority status, but price, liquidity, or future supply changes should not be inferred from them alone.

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