Squirrel internet celebrity Peanut's story is too crazy! From internet legend to meme coin, netizens earn 30 times with it.

The story of Peanut: From rescue to internet celebrity

Recently, there has been a heated discussion on the internet about a squirrel named Peanut. Peanut was originally a baby squirrel left behind by its mother, who was hit and killed by a car on the streets of New York. Seven years ago, it was rescued by Mark Longo and, due to severe injuries, was unable to return to the wild. Therefore, Longo has been taking care of Peanut meticulously. Through Instagram, the daily interaction between Peanut and Longo has attracted over 500,000 fans, making them an internet animal star, alongside Moo Deng, the hippopotamus from the Khao Kheow Open Zoo in Thailand, who is also widely loved.

Image source: Instagram Mark Longo and squirrel Peanut

However, on October 30, 2024, the New York State Department of Environmental Conservation (DEC), following multiple anonymous tips, raided Longo's residence and seized Peanut and the raccoon Fred he was raising. DEC accused Longo of illegally keeping wild animals that may carry rabies, posing a threat to public safety. During the investigation, it was alleged that Peanut bit an official, leading DEC to euthanize the two animals for rabies testing. This action sparked widespread public opinion, with Longo publicly criticizing DEC for being too aggressive, believing they should focus on more urgent public health issues rather than taking away his beloved pets.

Meme coin frenzy: Investors make 30 times profit from Peanut

Peanut's story quickly fermented on social media, triggering a lot of discussion and anger. Not only did netizens create various memes, but there were even pictures of former President Trump with Peanut, and even Elon Musk participated. This craze further spread to the cryptocurrency market, with speculators launching meme coins based on Peanut. Among them, the Token 'Peanut the Squirrel (Pnut)' based on the Solana Blockchain has attracted special attention.

Image source: X netizen created about Mark Longo's small animals Peanut and raccoon Fred

A trader with the handle 'GmM…9vB' bought about $44,800,000 $Pnut at an average price of $0.0015 per token, spending approximately $40,000. Subsequently, he sold 25,900,000 tokens in the market frenzy at an average price of $0.054, making a total profit of about $1,300,000 and achieving an investment return of 30x. The Market Cap of $Pnut once exceeded $120,000,000 and the current price is approximately $0.051, with a Market Cap of about $51,200,000.

However, it is worth noting that the Liquidity of $Pnut is only about $2.1 million, making it difficult for Large Investors to fully realize profits without affecting the price. Experts warn that investing in meme coins carries high risks, as the market is filled with insider trading and scams like 'Pump and Dump'. While some investors may get rich overnight with meme coins, many others may face significant losses.

Image Source: DEXScreener $Punt Basic Information and Coin Price Trend

Internet hot topics and future development

Peanut's incident triggered widespread social follow, and many fans expressed anger on social media, calling for reforms in wildlife-related policies. Longo said he will continue his mission, plans to set up a fundraising campaign in Peanut's name, and take legal action against the state government.

This event not only highlights the emotional connection between individuals and animals in the internet age, but also demonstrates the powerful influence of social media on public opinion. From internet-famous squirrels to the meme coin frenzy, Peanut's story has become a peculiar case in internet culture, once again reminding people to be cautious when investing in meme coins.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.