PNUT's Integration into Major Crypto Platforms
2025 marked a significant year for PNUT (Peanut the Squirrel) as it gained traction across leading cryptocurrency exchanges and lending platforms:
- Binance Listing (June 2025)
Binance added PNUT as a borrowable asset for flexible-rate loans and VIP lending services, alongside tokens like TRUMP and SSV. This move enhanced PNUT's liquidity and accessibility for institutional and retail investors. - Robinhood Crypto EU Launch (May 2025)
Robinhood expanded PNUT trading to European users, listing it alongside POPCAT and QNT. This integration introduced PNUT to a broader retail audience. - Coinbase International Perpetual Contracts (January 2025)
Coinbase launched PNUT-PERP futures, enabling leveraged trading and further legitimizing PNUT as a tradable asset.
Market Performance and Whale Activity
PNUT's volatility attracted notable whale activity:
- Galaxy Digital's PNUT Position
A suspected Galaxy Digital address accumulated 21.46M PNUT ($9.12M) at $0.3448, eventually realizing a $4.98M loss. Similar losses occurred with ai16z and arc tokens. - Smart Money Moves
One trader profited $7.7M from PNUT earlier, then earned $34.76M trading TRUMP/MELANIA pairs in 2025.
Community and Cultural Impact
Beyond finance, PNUT developed a cult following:
- The Howard Connection
Original owner Mark Longo adopted a dachshund named Howard, believing it to be PNUT's reincarnation. This story went viral, adding emotional weight to the token's narrative. - Memecoin Status
PNUT became a case study in memecoin viability, with its squirrel mascot driving community engagement despite regulatory scrutiny.
Key PNUT Metrics (2025)
| Metric | Value |
|---|---|
| Peak Market Cap | $460M (January 2025) |
| All-Time High | $0.61 (December 2024) |
| Total Supply | 1B PNUT |
| Active Addresses | ~250K (Q2 2025) |
FAQs
Why did Binance add PNUT as a borrowable asset?
Binance's June 2025 update expanded lending options to meet demand for meme assets with proven liquidity. PNUT's $460M peak market cap and stable trading volume made it a qualified candidate.
👉 Discover more about crypto lending trends
How does PNUT differ from other meme coins?
While sharing viral characteristics with Dogecoin or Shiba Inu, PNUT stands out through:
- Its connection to a real-life squirrel story
- Early institutional interest (e.g., Galaxy Digital)
- Multi-exchange availability including Coinbase and Binance
What caused PNUT's 60% value drop in April 2025?
Three factors converged:
- Whale sell-offs ($3.33M dumped on Binance)
- Broader memecoin market correction
- Profit-taking after Q1 2025's 300% rally
Regulatory and Legal Landscape
PNUT faced unique challenges:
- pump.fun Lawsuit
Traders who lost $231 on PNUT sued the platform, though plaintiffs continued using it post-litigation. The case highlighted risks in memecoin trading ecosystems.
👉 Read our crypto regulation guide
Future Outlook
Analysts remain divided:
- Bull Case: PNUT could rebound if adoption grows in DeFi protocols
- Bear Case: Overexposure to speculative trading may limit long-term utility
The token's fate may hinge on whether it evolves beyond pure speculation into actual ecosystem use cases.