In the crypto world, meme coins often gain traction from unexpected events, sparking public imagination. Such is the case of Peanut the Squirrel (PNUT), a Solana-based cryptocurrency that gained prominence following a viral incident involving a squirrel in late 2024.
The Birth of Peanut the Squirrel (PNUT)
In October 2024, a squirrel named Peanut became an online sensation, captivating audiences with social media antics. However, its subsequent seizure and euthanization by New York state authorities over rabies concerns stirred public outrage, notably bolstered by figures like Elon Musk. Amid this tempest, the PNUT meme coin was launched in honor of the beloved squirrel. The token saw widespread backing and swiftly reached a market cap of $1.2 billion.
PNUT's Market Ascent and Success
PNUT gained unprecedented value after being listed on major exchanges such as Coinbase by December 2024. Its swift rise showcases how meme coins can leverage viral events and community feelings for growth, although opportunities were fleeting for the unprepared investors.
Exploring New Opportunities: BTFD Coin
Following the success of PNUT, interest in BTFD Coin began to surge. Unlike other meme tokens, BTFD Coin introduces the 'Bulls Squad' — a vibrant community consisting of characters such as Baby Bull, Raging Bull, Nerdy Bull, and Peoples Bull, each playing vital roles within the BTFD ecosystem.
PNUT's journey illustrates how meme cryptocurrencies can achieve remarkable feats through viral narratives and public sentiment. Today, BTFD Coin presents a new avenue for investors with community backing and unique offerings.
