What Is the Peanut Meme Coin?

Zac McClure
ByZac McClure, MBAReviewed byAlex MilesUpdated on January 29, 2025 · minute read
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  • Peanut’s silly concept appeals to meme enthusiasts, which drove quick adoption and buzz.

  • Like most meme coins, Peanut’s price will likely rise or fall drastically based on social sentiment. Always do your own research and understand the risks involved before investing in crypto.

What is Peanut ($PNUT)?

Built on the Binance Smart Chain (BSC), Peanut ($PNUT) hopes to stand out in the meme coin crowd with a comedic spin and a promising community focus. The coin’s launch garnered immediate attention from collectors, meme-lovers, and speculators eager to back the next viral crypto.

Learn more about meme coins.

Why did Peanut initially spike in popularity?

  • Humorous branding: “Peanut” references everyday humor and universal accessibility—people find it easy to rally behind a fun concept based on a viral animal (in this case, a deceased squirrel).

  • Fast community growth: A tight-knit online community took shape quickly, posting memes and content that drew new buyers in.

Where can you buy Peanut?

  • Binance Smart Chain DEXs: Peanut primarily trades on PancakeSwap, where you can swap BNB or other BEP-20 tokens for $PEANUT.

  • Select centralized exchanges: Some smaller CEXs list Peanut due to high trading volume; always verify official contract addresses.

  • Social trading groups: As a meme coin, Peanut is sometimes exchanged through informal social deals—exercise caution and confirm details before transacting.

Heads up: Double-check BSC scan or official Peanut channels for the correct contract address. Scammers often create copycat tokens with the same name, especially for meme coins.

See our expert picks of the best crypto exchanges.

Peanut launch price

Peanut debuted at a minuscule fraction of a penny during a surge of interest in the politicized story around Peanut the Squirrel. Enthusiasts hopped on board, which drove up its price over the first few days. This pattern reflects many meme coin launches: once the community hype surges, the price often follows—at least initially.

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Peanut price prediction

Meme coins like Peanut exhibit extreme volatility. One social media post or trending meme can skyrocket or crash the price. If Peanut’s community continues to produce humorous and catchy content, and the crypto market continues its historic bull run, the token may see ongoing surges.

Disclaimer: No one can guarantee price movements, especially with meme coins. Always conduct independent research and only risk capital you can afford to lose.

What is the Peanut meme coin FAQs

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Zac McClure
Zac McClureCo-Founder & CEO at TokenTax
Zac co-founded TokenTax after his career in international finance and accounting at JPMorgan, Imprint Capital and Bain. He has worked in more than half-dozen countries and received his MBA from the UPenn Wharton School.
Alex Miles
Reviewed byAlex MilesCo-Founder at TokenTax
Prior to TokenTax, Alex worked as a Product Designer at Dropbox and before that Readmill (acquired by Dropbox). He holds a BS in Digital Information Design - Interactive Media from Winthrop University.

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