Peanut ($PNUT) is a meme coin on the Solana blockchain, created in tribute to Peanut, a famous pet squirrel from New York. Peanut gained popularity online through videos shared by his owner, Mark Longo, capturing the squirrel’s charming personality and antics, which endeared him to millions of followers on social media. His rise to fame made him an adored local celebrity, sparking a strong connection with fans who loved watching his daily life.

In late October 2024, the New York State Department of Environmental Conservation (DEC) seized Peanut from Longo's home, citing laws against the possession of wild animals and concerns over potential rabies transmission. Tragically, Peanut was euthanized shortly afterward, leading to an outpouring of grief and anger from his followers, who saw him as a symbol of joy. Fans and supporters were heartbroken, with many feeling that the state’s actions were excessive and lacked empathy.

The story of Peanut's seizure and death quickly turned into a political flashpoint. Some media sources spread false information, including a fabricated statement from former President Donald Trump, which added to the controversy. Additionally, Republican critics argued that the DEC should focus on more pressing state matters, with Peanut’s fate seen as emblematic of misplaced government priorities. Inspired by Peanut’s legacy, fans launched the $PNUT token as a way to memorialize the squirrel’s impact, creating a meme coin rooted in a blend of nostalgia, activism, and political discourse.