How to Buy Peanut the Squirrel ($PNUT)
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Peanut the Squirrel ($PNUT) is a hot meme coin based on the YouTube famous squirrel who was euthanized after being tested for rabies. Peanut became a lightning rod on the US political right in the run-up to the election, and a meme coin honoring him quickly shot up to become the 29th-largest meme coin by market cap.
In this guide, I’ll explain how to buy Peanut the Squirrel and take a closer look at whether $PNUT is a good meme coin investment today.
Key Takeaways on Peanut the Squirrel
Here are the key things investors need to know about Peanut the Squirrel:
- Peanut the Squirrel is a meme coin based on a popular squirrel that was euthanized in October 2024. The meme coin has no utility.
- $PNUT is currently trading at $0.35 and has a market cap of $358 million, making it the 29th-largest meme coin by market cap.
- I predict $PNUT will continue its price decline as the Peanut story fades. Since the token has no utility, I think it has limited potential for growth.
What Is Peanut the Squirrel?
Peanut the Squirrel is a Solana meme coin that celebrates Peanut, a 7-year-old squirrel who was taken from his owner and euthanized by the New York State Department of Environmental Conservation on October 30, 2024. Peanut tested negative for rabies but was euthanized anyway as a potential threat to public health.
Peanut’s death caused an uproar on the US political right just a week before the presidential election. Donald Trump Jr. and Elon Musk both tweeted about Peanut and made the squirrel a symbol of what they saw as excessive government intervention in private citizens’ lives.
The $PNUT meme coin was created anonymously on October 31, the day after Peanut’s death. It really gained traction after the election, during the period when Trump’s election was boosting meme coins to new highs. $PNUT hit an all-time high of $2.47 on November 13, representing a gain of nearly 55,000x.
As of January 2025, $PNUT has fallen 85% from its all-time high and is trading around $0.35. It has a market cap of $358 million and is the 29th-largest meme coin by market cap.
Why We Don’t Recommend Peanut the Squirrel
Our research into Peanut the Squirrel ($PNUT) has highlighted several concerns. Primarily, the token lacks inherent utility, being a meme coin created in response to a specific event. This absence of fundamental value makes it highly susceptible to market volatility and speculative trading. Additionally, the token’s value appears closely tied to the public interest in Peanut’s story, which is likely to diminish over time, potentially leading to further price declines. Given these factors, we advise caution and suggest exploring more robust investment opportunities in the cryptocurrency market.
It’s important to note that while $PNUT experienced a significant surge following its listing on major exchanges like Coinbase, such increases are often short-lived without underlying utility or development to sustain long-term growth. We recommend this list of the projects that are likely to outperform Peanut the Squirrel with lower risk.
How to Buy Peanut the Squirrel
Investors have a few options for where to buy Peanut the Squirrel crypto.
The first is to buy through a centralized crypto exchange, like Coinbase or Binance. The advantage to buying on an exchange is that you can easily sell your $PNUT tokens for another coin or withdraw fiat. However, the tokens you keep in an exchange account are not fully yours since you don’t own the keys.
Another option is to buy through a crypto brokerage platform, like eToro. However, few brokerages currently offer trading in $PNUT, and those that do put strict limitations on how you can use your crypto.
The third and, in my opinion, the best way for how to invest in Peanut the Squirrel is to use Best Wallet. Best Wallet has a built-in fiat-to-crypto onramp, just like centralized exchanges, and it typically offers lower fees. Plus, Best Wallet is a self-custody crypto wallet, so you fully own your tokens and can take part in the wider Web3 ecosystem.
Here’s how to buy Peanut the Squirrel tokens today in 3 easy steps using Best Wallet.
1. Create a Best Wallet Account
Download Best Wallet from Google Play or the Apple App Store and open the app. Tap ‘Get Started,’ then enter and verify your email and phone number. Finally, enter a secure passcode and turn on biometric authentication to complete your wallet setup.
2. Choose a Payment Method
Navigate to the Best Walet homepage and tap ‘Buy’ to open the crypto purchase form. Under ‘You Spend,’ set the amount of USD that you want to convert to $PNUT tokens.
Then tap ‘Pay Using’ to choose what payment method you want to use. Best Wallet accepts credit cards, debit cards, Apple Pay, Google Pay, Skrill, and Neteller.
3. Buy Peanut the Squirrel
Tap ‘You Get’ and search for Peanut the Squirrel ($PNUT) as your desired token. Your order is now ready to execute. Best Wallet will display the total amount of $PNUT tokens you’ll receive after any fees. Tap ‘Buy Peanut the Squirrel’ to complete your purchase and add $PNUT tokens to your wallet.
Is Peanut the Squirrel a Good Investment?
Peanut the Squirrel delivered a life-changing 55,000x gain for investors who bought into the token when it launched and sold at an all-time high just a few weeks later. So, can it deliver the same kind of magic again for investors who buy the token today?
I’ll take a closer look at $PNUT and analyze the factors that could influence this token’s price in the months and years ahead.
Meme Coin Supercycle as a Catalyst
Peanut the Squirrel is currently following the trajectory of many meme coins that have come before it: the token launched, incubated for several weeks, and then exploded to an all-time high before sliding sharply downward in price.
Most of the tokens that have followed this trajectory have failed to pump a second time, steadily losing value over time and never delivering returns for investors who bought the dip that followed the all-time high. However, there are several noteworthy exceptions, including Dogecoin, Shiba Inu, and Pepe. These meme coins proved their staying power—and Peanut the Squirrel hopes to follow in their footsteps.
While I have a hard time imagining the same core community forming around $PNUT as exists for $DOGE or $PEPE, Peanut the Squirrel has good timing on its side. The meme coin supercycle is starting now, and it could push prices up across the entire meme coin market. Investors joining the meme sector for the first time could look at $PNUT’s recent success and bet that it has more juice left, pushing up demand for the token.
If Peanut the Squirrel can achieve a second pump from this catalyst, it could be enough to give the token long-term appeal. Investors are more likely to hold $PNUT through the next downturn, cutting off the death spiral that has afflicted other meme coins. So, I’m closely watching $PNUT’s performance over the next 6 months.
Potential for Coinbase Listing
Peanut the Squirrel could also benefit from the crypto bull run with a Coinbase listing. This would be a major Tier-1 exchange listing for $PNUT and make the token attractive to a much wider range of traders and investors. In the past, tokens that listed on Coinbase have jumped 91%—that’s enough to push $PNUT to a new all-time high.
However, I’m cautious that the token would actually get such a significant boost. $PNUT already trades on Binance, Kraken, and most other top crypto exchanges, so it’s readily available to investors. A Coinbase listing is still likely to benefit $PNUT and serve as another bullish catalyst, but the overall price gains may be muted.
Fading Relevance as a Viral Meme
One of the biggest issues I see with Peanut the Squirrel token today is that the meme is losing its relevance. $PNUT gained a community based on the virality of Peanut’s story, which spread largely because of political grievances in the run-up to the US election.
Now that the election is over—and Republicans dominated the results—there simply isn’t much attention remaining on Peanut’s death. The token itself has remained popular with crypto investors because of its rise, but not as much because of the underlying meme. While Peanut’s death has been compared to the death of Harambe the gorilla, Peanut’s story was more politically polarizing and the world moved on much faster.
All of this means that there isn’t much of a core community around $PNUT. If the token’s price continues to fall, investors who have held on in hopes of another pump could abandon it. That would cause plummeting demand and downward price pressure that’s hard to recover from.
No Utility or Development Pathway
Another potential downside to Peanut the Squirrel is that it’s a pure-play meme coin. The token has no utility. In addition, its smart contract has been renounced so that there’s no clear pathway for further development in the future.
The no-utility approach has been used by many top Solana meme coins, but it carries significant risk. If the $PNUT token price falls and investors abandon it, there’s very little the project itself can do to engage its community or attract new long-term investors.
Peanut the Squirrel Price Prediction
I’ve assembled a Peanut the Squirrel price forecast based on my analysis to help investors better evaluate what $PNUT could be worth in the future.
Peanut the Squirrel Price Prediction 2025
Peanut the Squirrel is already seeing its price fade from its all-time high, and I don’t think the token will be able to break out of this downward slide. That said, the meme coin supercycle and a potential Coinbase listing in 2025 could serve as bullish catalysts, slowing the token’s price decline and enabling Peanut to establish temporary support levels.
Based on the token’s price action during its rise, I expect strong support to form around $0.45. Peanut may use this price level as a jumping-off point for a bullish run, creating an opportunity for short-term trading gains. However, I anticipate that $PNUT will end the year around $0.45, and could fall as low as $0.30.
Peanut the Squirrel Price Prediction 2026
My outlook for Peanut the Squirrel worsens in 2026, when I think the token’s price could free-fall downwards. While the meme coin supercycle is likely to continue in 2026, $PNUT is no longer likely to see much benefit from the overall sector growth as investors and traders turn their attention to new meme coins.
It will also be another year since Peanut’s death, pushing the meme behind this token further from relevance. New investors who entered the crypto market in 2025 to take advantage of the bull run won’t have a connection to $PNUT and are unlikely to step in to buy a token that’s losing value.
As a result, I predict $PNUT could end 2026 at a price level of around $0.10.
Peanut the Squirrel Price Prediction 2030
By 2030, I predict Peanut the Squirrel could be among the many thousands of meme coins that have died. Peanut’s story will have largely faded from memory by this point, and a new generation of meme coin investors may never have heard of Peanut the Squirrel at all.
$PNUT is likely to still be in circulation and tradeable on exchanges, but it’s unlikely that token holders will actively trade the token. I predict the token will have a price of around $0.02.
Is Peanut the Squirrel a Buy?
Based on my analysis, I do not recommend Peanut the Squirrel as a buy. While the token could deliver short-term trading gains in 2025, I think $PNUT faces a long-term decline that will be very difficult to reverse. The token is based on a meme that is already fading for many people and has no utility to help it maintain a long-term community.
Peanut the Squirrel’s decline may have already begun. The token is more than 85% below its all-time high, and it could see muted gains even from a catalyst as significant as a listing on Coinbase. There’s little to keep current $PNUT investors from selling, and further losses could spark a sharp move downward as token holders head for the exits.
With all of this in mind, investors aiming to buy a crypto with long-term potential may want to avoid Peanut the Squirrel token.
Alternative Presale Investments to Peanut the Squirrel
While I’m bearish on $PNUT, I think there are many great opportunities for investors as we head into the meme coin supercycle. I’m especially excited about some of the crypto presale tokens emerging now, which have the potential to shoot up the meme coin charts and land on major exchanges like Peanut the Squirrel did in November.
Let’s take a closer look at 3 crypto presales going on now that I think have the potential to deliver significant returns for investors.
Wall Street Pepe
Wall Street Pepe is one of the hottest meme coin presales of this cycle, and it’s on track to smash through fundraising records. The project has sold more than $49.26 million worth of $WEPE tokens in the first few months of its ICO.
Wall Street Pepe’s goal is to arm meme coin traders with the same powerful tools available to ‘smart money’ traders on Wall Street. $WEPE token holders receive exclusive trading signals and access to a dedicated trading chat room where they can swap strategies and coordinate to pump specific tokens. The best traders can also compete for weekly $WEPE prizes, returning even more value from the project.
With the presale quickly selling out, there’s no time to waste if investors want to get their hands on $WEPE before it starts trading.
Visit Wall Street Pepe PresaleSolaxy
Solaxy is an exciting new utility project that’s building a first-of-its-kind Layer-2 scaling solution for the Solana blockchain. Solaxy’s Layer-2 promises to finally solve Solana’s congestion issues and capture the lion’s share of meme coin trading at the height of the meme coin supercycle.
Traders using Solaxy need to pay for transactions on the Layer-2 using $SOLX, so demand for this token could be huge. Plus, $SOLX is a meme coin in itself—the project features a Pepe mascot to signal that it, too, is a part of the gold rush around Solana meme coins.
Solaxy has raised over $10.6 million in a few months into its presale, showing just how excited investors are to lock in $SOLX at a discount. As an added bonus, early investors can earn up to 331% APY staking rewards during the presale and fill their bags ahead of Solaxy’s launch.
Flockerz
Flockerz is changing the game for meme coins by throwing traditional staking rewards out the window. In their place, Flockerz is introducing a new vote-to-earn system that incentivizes strong community engagement and long-term holding.
Under Flockerz’s vote-to-earn system, $FLOCK token holders can use their coins to vote on community proposals. You get a say in what partnerships to pursue, how to distribute the $FLOCK token treasury, and more. Every time you vote, you receive $FLOCK tokens as a reward—growing your stash and giving you even more voting power for the next proposal.
This approach has the potential to build a tight-knit community that’s deeply invested in the Flockerz project and keeps demand for $FLOCK tokens high. There are already signs of the project’s potential in its presale, which has raised $13 million so far. Plus, early investors can earn 292% staking APY until the vote-to-earn system launches.
FAQs
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References
- Why was Peanut the squirrel confiscated and euthanized? All about the controversy (Today)
- ‘Coinbase Effect’ Means Average 91% Token Price Gain in 5 Days, Messari Says (Nasdaq)
- Peanut The Squirrel | Harambe For A New Generation (YouTube)
- Binance Research: 97% of meme coins have disappeared, and the macro economy is the driving force behind the meme phenomenon (Binance)
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