Recent News & Contextual Backdrop
The meme coin Peanut the Squirrel (PNUT), which launched on Solana, came onto the scene in late 2024 after a heartbreaking incident. A pet squirrel named Peanut, who had become something of an internet celebrity, was taken and put down by New York authorities on October 30, 2024. The story sparked massive outrage online, and out of that anger and grief, PNUT was born—part protest token, part tribute. It caught fire in meme communities and rode a wave of social media attention that pushed adoption and token prices up fast.
Then in January 2025, Coinbase threw fuel on the fire by announcing they’d support PNUT on Solana, allowing transfers and eventually trading where legally permitted. That announcement was huge—volume exploded and the price temporarily soared. But reality has since set in. PNUT has tumbled from all-time highs above $2, weighed down by fading hype, controversy over how the creator’s story was being used, and the brutal volatility that comes with pure speculation.
Current Technical Indicators & Market Behavior
Right now, PNUT/USDT is hovering around $0.04991, down roughly 1.08% in the last 24 hours. Looking at the 4-hour chart, things are pretty neutral. The RSI is sitting at 47—not oversold, not overbought, just hanging in the middle. The MACD histogram is slightly negative and the MACD line is below its signal line, which usually hints at short-term bearish pressure. Both the 4-hour Simple Moving Average (around $0.05102) and the Exponential Moving Average (about $0.05036) are above the current price, suggesting the bears still have the upper hand for now.
Daily pivot analysis shows critical support between $0.04943 and $0.04887 (S1 and S2), with resistance kicking in near $0.05083 and extending to $0.05167 (R1 and R2). If PNUT drops below that S2 level, we could see a faster slide downward. On the flip side, if it breaks above R1 with conviction, there’s room to test R2 and maybe even R3 around $0.05223.
Scenarios & Price Projections
Given where things stand technically and sentiment-wise, here are a few realistic paths PNUT could take in the near term:
- Bull Case: If PNUT manages to push through resistance around $0.0510–$0.0517 on solid volume and a resurgence of social media buzz—maybe another viral moment or celebrity shoutout—it could make a run toward $0.0522–$0.0530. Breaking that zone might open the door to the psychological $0.06 level, though profit-taking and supply pressure would likely ramp up fast.
- Base Case / Sideways Consolidation: PNUT could easily chop around between $0.0495 and $0.0510–$0.0520 for a while unless something changes the game—like a major news event or whale accumulation. Volume might stay low with occasional volatility spikes driven by tweets, rumors, or broader crypto moves.
- Bear Case: If support around $0.0490–$0.0485 (just below S2) gives way, PNUT could slide toward $0.045–$0.047. Without fresh community energy, new exchange listings, or viral momentum, the token risks bleeding value—especially if bad news hits or the broader crypto market turns south.
Risk Factors & Sentiment Influences
Let’s be blunt: PNUT is extremely speculative. Its price is almost entirely driven by meme culture, social media chatter, celebrity tweets, and community vibes. There’s no product, no roadmap, no real utility backing it up—which makes it incredibly sensitive to narrative shifts and manipulation. When the story changes, so does the price.
Other risks are worth noting too. There have already been scams and fake accounts impersonating the developers, which chips away at trust. And there’s regulatory uncertainty lurking in the background—the original story involved wildlife enforcement, intellectual property disputes, and potential legal claims from Peanut’s owner. Any of those threads could pull sentiment down fast or even attract regulatory scrutiny.
Final Insight
At around $0.0499, PNUT is stuck in a volatile holding pattern. If the narrative catches fire again—whether through whale buying, a celebrity tweet, or fresh exchange news—it could test resistance above $0.051 and potentially reach $0.0525–$0.053. But without those catalysts, the safer bet is continued risk with downside toward $0.048–$0.045. For traders with high risk tolerance, the current range might offer speculative plays—just know you’re betting on vibes, not fundamentals. If you’re looking for more solid upside, keep an eye on technical breakouts and watch the social media temperature closely. Those are your best early warning signals.
