Recent News & Sentiment Drivers
The Peanut memecoin, or PNUT as it’s commonly known, draws its appeal from the viral story of “Peanut the Squirrel.” Like most memecoins, it thrives on emotional storytelling and community enthusiasm. Its popularity exploded thanks to viral social media moments and the occasional shoutout from well-known personalities. But things have gotten messier lately—there’s an ongoing legal spat over trademark rights. Peanut’s original caretaker claims the PNUT creators are using the squirrel’s likeness without permission, which could spell trouble down the road both legally and reputation-wise.
This token is incredibly volatile, to say the least. Throughout early 2026, we’ve seen a pattern of whale accumulation—big players quietly scooping up coins—followed by sudden panic-selling driven by social media frenzies. Earlier this year, someone impersonated a developer, which caused a brief but sharp price drop. It’s a reminder of just how fragile these meme-driven tokens can be when misinformation spreads.
Current Technical Structure & Indicators
Right now, PNUT is trading around 0.0006469 USDT, down roughly 5.30% in the last 24 hours. The token’s been under pressure after hitting some speculative highs. When you look at the momentum indicators, things aren’t looking great. The daily Relative Strength Index sits in neutral-to-bearish territory—not deeply oversold, but definitely not showing bullish strength either. The MACD is weak or slightly negative, and the Average Directional Index suggests there’s not much trend strength at all right now.
Moving averages paint a similar picture. The short-term exponential moving averages (10-20 day) are sitting below the longer-term simple moving averages (50-200 day), which typically signals a bearish outlook in both the medium and long term. The price has struggled to break through resistance levels that formed during previous high-volume trading periods, roughly in the $0.0002 to $0.00030 USDT range. As for support, technical models suggest there’s a base somewhere around $0.00040 to $0.00045, though if it drops below that, liquidity gets pretty thin and things could get dicey fast.
Short-Term vs. Long-Term Pathways
In the coming weeks, we’re probably looking at sideways movement or a slight decline unless something exciting happens to shake things up. If PNUT manages to break above resistance around $0.00090 USDT—roughly where the 50-day EMA sits—that would signal some upward momentum, though recent buyers would likely take profits and apply selling pressure. On the downside, if that $0.00040 support level breaks, we could easily see the token slip back to $0.00025 or $0.00030, where trading volume historically dries up.
Looking further out toward the end of 2026, price predictions vary wildly depending on who you ask. Conservative estimates put the year-end price around $0.00070 USDT, which would be a 50-70% gain from current levels. More optimistic forecasts—which bank heavily on renewed meme hype and strong support from the Solana ecosystem—suggest prices could hit $0.00100 or even higher. But let’s be honest: all these predictions come with massive risk, especially since PNUT lives and dies by external sentiment.
What Could Change the Trajectory
A few things could really shake up PNUT’s direction. First off, if the token goes viral again on social media or gets a shoutout from someone influential, we could see sharp short-term rallies—it’s happened before. Second, new exchange listings or partnerships within the Solana ecosystem would boost both liquidity and visibility, potentially pushing the price past current resistance levels. Third, any legal resolution around the trademark dispute could either restore community confidence or damage it further, depending on the outcome.
Of course, there are plenty of risks too. Negative catalysts include crackdowns on the social media narratives driving the token (like content takedowns or deplatforming), large whale sell-offs, or broader crypto market downturns—memecoins usually get hit hardest during these periods. Misinformation campaigns or security breaches could also trigger sudden, steep losses.
