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The Peanut price has skyrocketed 2585% in the last 24 hours to trade at $0.01495 as of 8:30 p.m. EST on a 3,403% pump in trading volume to $6.1 million.

The PNUT token was created in memory of Peanut, an orphaned squirrel and social media sensation with tens of thousands of followers, who was euthanized by New York authorities after being seized from his caretaker, Mark Longo, during a raid on his home.

Fred the raccoon and Longo’s gray rescue squirrel, known as “P’Nut” on Instagram, Facebook, and TikTok, were both humanely euthanized to test for rabies.

P’Nut, who had lived with Longo for seven years, became beloved online for his playful antics, often seen munching on waffles while wearing crocheted bunny ears or a miniature cowboy hat.

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