What is PNUT, which soared 400%? PNUT is a meme coin on the SOL chain with Peanut as the theme. The incident was triggered by the famous squirrel named Peanut being taken away and euthanized by the New York State Department of Environmental Conservation due to suspected virus carrying, which caused strong public outcry. Peanut's owner, Mark Longo, expressed his sadness and anger on social media. He shared a video in which both he and his girlfriend shed tears, expressing their nostalgia for Peanut and dissatisfaction with what happened.

With the rapid spread of the Peanut story, not only have netizens created various memes, but there have even been pictures of former President Trump posing with Peanut, and Elon Musk has also joined the discussion, criticizing the decision of the Environmental Protection Agency and stating that the government should not be allowed to enter homes to kill pets. This wave of enthusiasm has further spread to the cryptocurrency market, where speculators have launched meme coins based on Peanut as the theme. Among them, the Token 'Peanut the Squirrel (Pnut)' based on the Solana blockchain has attracted special follow. This Token's volume soared to $150 million in a short period of time, demonstrating the significant impact of social media sentiment on the cryptocurrency market. As the U.S. presidential election approaches, this event has also become politicized and has become a campaign topic on the eve of the election.