Cryptocurrency exchange OKX recently listed PNUT, a meme coin inspired by the viral “Peanut the Squirrel.” Shortly after its debut, the token surged by nearly 9%. The Solana-based token is now trading on one of the largest centralized exchanges by volume.
On November 11, OKX announced the addition of PNUT to its platform. Spot trading against Tether (USDT) began at 10:30 AM UTC. Five minutes after the announcement, PNUT rose 8.42% to $0.4489, according to DEX Screener. Its market capitalization reached almost $450 million, with a fully diluted trading volume of $448.6 million.
PNUT’s OKX listing coincided with its earlier debut on Binance. Binance began trading PNUT at 10:00 AM UTC on November 11. Over the last 24 hours, PNUT’s price surged by 332%, driven by its simultaneous launches. Another trending meme coin, ACT (Act 1: The AI Prophecy), also launched during this time.
Timeline and Token Details
OKX allowed PNUT deposits starting at 9:20 AM UTC on November 11. The platform conducted a call auction from 9:40 AM to 10:40 AM UTC. However, PNUT withdrawals will only be available from November 12 at 10:00 PM UTC. The token’s total supply is capped at 999.8 million.
PNUT was created in early November as a tribute to Peanut the Squirrel, a beloved internet icon. Peanut gained attention after being seized by the New York State Department of Environmental Conservation (NYSDEC) on October 30. Following anonymous complaints, authorities removed Peanut from the home of owner Mark Longo. Tragically, Peanut was euthanized, sparking outrage among the public, animal rights activists, and figures like Elon Musk.
In response to Peanut’s death, the crypto community launched multiple tribute meme coins. PNUT quickly became the most popular, gaining substantial traction within two days. The coin amassed $300 million in trading volume and facilitated over 200,000 transactions.
