Peanut the Squirrel is a meme coin paying tribute to the internet’s favourite squirrel, Peanut. The squirrel had its own Instagram page which amassed nearly 1m followers following its rescue in 2017. Unfortunately, ownership of wild squirrels is illegal in New York, which resulted in the seizure and eventual euthanasia of Peanut in 2024.
The Peanut the Squirrel cryptocurrency was formed as part of the outrage over his death, as society banded together against government overreach and pet ownership rights. The project intends to immortalise the squirrel and help raise awareness to prevent similar deaths in the future.
The meme coin’s native token, PNUT, received significant attention upon its release due to the public outcry against Peanut’s passing.