The $Pnut market cap exceeded $120M, making many traders rich overnight!

Let's dive into the story of $Pnut.👇
Check details:
https://x.com/lookonchain/status/1853055340964950284

In 2017, Mark Longo rescued a squirrel involved in a car accident, named it Pnut (short for Peanut), and shared photos and videos of Pnut on social media.

Pnut quickly gained a large following thanks to its adorable looks and playful personality.

However, on Oct 30, the New York State Department of Environmental Conservation (DEC) received complaints of “unlawfully possessed” animals. Pnut was taken away and euthanized for rabies testing.

The death of Pnut sparked widespread controversy on social media, even attracting the attention of public figures.

Pnut is not the first animal to be caught and killed.
Harambe(gorilla) was shot by zoo staff because they were worried that Harambe would hurt a little boy.
A #MEMEcoin named $Harambe was created, and its market cap quickly reached $80M as social media fermented.

So a #MEMEcoin named $Pnut also appeared.

The $Pnut dev created a new wallet and withdrew 2 $SOL from #Coinbase to create $Pnut, and soon sold all of his $Pnut.

His other two associated wallets have also sold all of their $Pnuts, with a total profit of about $73K.
https://solscan.io/account/HrHJputHcA8mkwrcQB3GkrJ2u1f7Fm4LzAZptSYSsUcf#transfers
https://solscan.io/account/6Tywitb3HtTYqP8UkCHm8CUVLHwRufS4j2gYraYZnr1v#transfers
https://solscan.io/account/6H6gtwnKzTs6ttz9Ks1bQeqA3okPuSo3AsbdUGepWLRK#transfers


With extensive media coverage, Pnut's story has become known to more and more people.
The market cap of #MEMEcoin $Pnut quickly exceeded $8M on Nov 1!

Congressman Nick Langworthy also commented on the squirrel $Pnut incident, saying that the NYS DEC needs a serious reality check on their ridiculously mistaken priorities.
So $Pnut is bound to become a hot topic during the US election period.

The surge in $Pnut started when @dogecoin and @elonmusk posted content related to Pnut.
Musk not only posted more than a dozen Pnut-related content in a short period but also pinned it to the top.

The $Pnut holdings distribution is healthy, with no obvious connections between most large holders.

Whales also started buying $Pnut.
A whale spent 9,600 $SOL($1.56M) to buy $Pnut and $FRED today.
Fred was another popular pet adopted by Mark Longo and was taken away by DEC along with Pnut.
https://x.com/lookonchain/status/1852939655223931379

Trading #MEMEcoins is extremely dangerous, please do your own research.