Peanut the Squirrel (PNUT) is gaining traction as a meme token built on the Solana blockchain after its creation in late 2024. This article explores recent events, technical analysis, and price predictions for PNUT for 2025-2026.
Recent Developments
In late 2024, the PNUT community experienced significant events, including the announcement of the Coinbase listing, which led to a 20% price increase and a market capitalization rising above $1.3 billion. By mid-November 2024, PNUT's market cap exceeded $2.25 billion. However, the token also faced legal risks due to the owner's request to discontinue the use of his branding by Binance.
Technical Analysis
The technical outlook for the PNUT token price at the beginning of 2025 appears shaky. After a sharp spike in October-November 2024, the price fell below $0.20. Current market sentiment is classified as 'bearish' by CoinCodex, with short-term support around $0.15 and resistance at $0.25-$0.30.
Price Prediction
Price forecasts for the PNUT token for 2025 suggest a potential rise to $0.40-$0.60 in a favorable scenario. Conservative estimates indicate that without new catalysts, prices may remain at current levels or decrease. Growth is expected in 2026 if positive trends continue.
PNUT is a high-risk asset with significant uncertainty. Expectations for this token’s price in 2025-2026 vary widely, and all projections remain speculative.
