Is $PNUT the Next Big Solana Memecoin? Unpacking the Hype

Hey there, meme coin enthusiasts! If you’ve been scrolling through X lately, you might have stumbled across a buzzing thread from [BSCNews](https://twitter.com/BSCNews/status/1938336969261748684) asking a million-dollar question: Is $PNUT, the Solana-based memecoin tied to the viral story of Peanut the Squirrel, the next big thing? Posted on June 26, 2025, at 20:42 UTC, this post has sparked a flurry of reactions, and we’re here at [Meme Insider](https://meme-insider.com) to break it down for you. Let’s dive into the wild world of $PNUT and see what’s cooking!

The Story Behind $PNUT: From Viral Squirrel to Crypto Star

So, what’s the deal with $PNUT? This memecoin, built on the Solana blockchain, draws its inspiration from Peanut, a pet squirrel whose tragic euthanization by the New York State Department of Environmental Conservation in October 2024 set the internet ablaze. The story gained traction with shoutouts from big names like Elon Musk and Joe Rogan, turning a heartfelt tragedy into a crypto phenomenon. Launched on Pump.fun in November 2024, $PNUT rode the wave of viral outrage to become a top 200 coin on CoinMarketCap.

The attached image in the BSCNews post shows a cartoonish figure lounging on stacks of cash, puffing a cigar, with a big “BEENZ” label—hinting at the memecoin’s playful yet ambitious vibe.

Why the Hype? Market Performance and Listings

$PNUT isn’t just a feel-good story—it’s got the numbers to back it up. Starting at $0.032 on launch day, it skyrocketed to a peak of $2.44 within weeks, boasting a jaw-dropping 7,500% gain. With 93,413 holders as of June 2025 and a total supply of 1 billion tokens, it’s clear this coin has captured attention. Major listings on Binance and Coinbase have added fuel to the fire, with a Binance BTC pairing—a rare honor usually reserved for heavyweights like Dogecoin—pushing its market cap past $1 billion at one point.

This validation from top exchanges suggests $PNUT isn’t just another flash-in-the-pan memecoin. The community on X is buzzing, mixing memes with technical analysis, which shows a mix of fun and serious investment interest.

The Community Buzz: What X Users Are Saying

The BSCNews thread has ignited a lively debate. Some users, like @killer_l_crock, are hyping up $PNUT with cosmic imagery, while others like @coinnoic push rival tokens like Gorilla on BNB Chain. Meanwhile, @eyetil1 and @jimmykwilson82 tout alternatives like $WAGMI and $SOLBOX, emphasizing utility over pure meme power. This diversity of opinions highlights the competitive nature of the Solana memecoin space, with $PNUT standing out due to its unique narrative.

Risks and Rewards: Should You Jump In?

Investing in $PNUT comes with thrills and chills. On the plus side, its Solana backbone offers fast transactions and low fees, and the locked liquidity (99.65% on Raydium) reduces rug-pull risks. But here’s the catch: like most memecoins, $PNUT lacks real utility, making its value a rollercoaster ride driven by hype. The ongoing legal spat over trademark issues with Peanut’s owner, Mark Longo, could also stir the pot.

For blockchain practitioners, $PNUT is a case study in how viral stories can shape crypto markets. If you’re thinking of diving in, keep an eye on community sentiment and regulatory moves—things can shift fast!

The Verdict: Flash in the Pan or Future Classic?

So, is $PNUT the next big Solana memecoin? It’s got the ingredients: a compelling story, major exchange backing, and a passionate community. But its long-term success hinges on staying relevant beyond the initial hype. Compared to giants like BONK or WIF, $PNUT’s political edge gives it a unique flavor, but it’ll need more than nostalgia to endure.

At Meme Insider, we’ll keep you posted on $PNUT’s journey. Follow us for the latest updates, and let us know your thoughts—will you be holding strong or watching from the sidelines? Drop your take in the comments!

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