Peanut the Squirrel Price Prediction 2025: Memecoin Success May Drive Future PNUT Rally

• The PNUT memecoin is named after the Instagram star Peanut the Squirrel, who was killed in early November 2024.
• The Solana-based token pumped after a swathe of exchange listings, pushing its market cap to nearly $2 billion.
• Our PNUT price prediction says the memecoin could reach new highs above $2.47 at some point soon.

It was, perhaps, inevitable that, following outrage after Instagram star Peanut the squirrel was euthanized with suspected rabies, someone would turn the dead rodent into a memecoin. So, in early November 2024, PNUT came out based on the Solana (SOL) blockchain. 

However, what could have been yet another here-today, gone-tomorrow memecoin turned into something quite remarkable. A series  of major  exchange  listings  saw it firmly enter the crypto consciousness and the top 60 cryptos, with a market cap a little shy of $2 billion less than a fortnight after launch. 

In the early hours of Nov. 14, 2024, PNUT was at an all-time high of $2.47. Later that day, though, it fell, and it was worth about $1.90 at the time of writing.

Let’s look at our PNUT price predictions, made on Nov. 14, 2024. We will also examine the PNUT price history and talk a little about what PNUT is and what it does.

PNUT Price Prediction 

Since the PNUT chart only has price action for seven days, we determined that making a price prediction several years in advance would be highly inaccurate. This will, however, change once more data is available.

However, the PNUT price prediction for the next 24 hours depends on whether the price breaks out from the $2.45 area or is rejected. 

If it breaks out, a fifth wave of five can extend, while a rejection means a lengthy correction has started.

PNUT Price Analysis

The PNUT price has increased since Nov. 5. The upward movement was initially gradual, and the price even corrected inside a descending parallel channel for a week.

However, PNUT accelerated its upward movement once it broke out from the channel on Nov. 11, coinciding with a Binance  listing.

On Nov. 13, the PNUT price increase accelerated again after Elon Musk tweeted, “The prophecy has been fulfilled”  concerning an old squirrel meme.

The wave count suggests that PNUT is in its fifth and final wave of upward movement. Wave five may have ended since it is 0.382 times the length of waves one and three combined.

Technical indicators are also showing weakness. This is especially visible in the bearish divergence (green) developing in the two-hour Relative Strength Index (RSI). If the rally has ended, PNUT could fall to its closest support inside the wave four region at $0.45.

On the other hand, if wave five extends, the PNUT price can increase toward the next targets at $3.73 and $5.83. They are created by giving wave five 0.618 times and the same length as waves one and three combined.

PNUT Average True Range (ATR): PNUT Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. 

On Nov. 14, 2024, PNUT’s ATR was 0.064, suggesting relatively low volatility.

PNUT Relative Strength Index (RSI): Is PNUT Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Nov. 14, 2024, the PNUT RSI was 37, indicating bearish conditions.

PNUT Price Performance Comparisons

PNUT is a Solana-based memecoin, so let’s compare it to some similar tokens. 

PNUT Price History

Here are some key dates in the admittedly short PNUT price history . Although past performance is never any indicator of future results, knowing what the token has done since it came out can help give us some much-needed context when it comes to making or interpreting a PNUT price prediction. 

PNUT Market Cap

Market capitalization, or market cap, is the sum of the total number of PNUTs in circulation multiplied by its price. 

On Nov. 14, 2024, PNUT’s market cap was $1.88 billion, making it the 55th-largest crypto by that metric. 

PNUT Supply and Distribution

What is PNUT?

PNUT is a speculative memecoin based on the Solana blockchain. Named in honor of the squirrel Instagram star that was euthanized by the New York Department of Environmental Services in November 2024, it has no use cases. 

How PNUT Works

People can hold PNUT in the hope that its value will go up. Meanwhile, people can buy, sell, and trade it on exchanges.

Is PNUT a Good Investment?

It is difficult to say. While PNUT has been one of the undoubted stars of a very good week for crypto, it could well be that the story of Peanut the Squirrel will have a limited shelf life. Not only that, but we don’t know whether it will maintain investors’ interest if and when the crypto market cools down. The lack of any technical documentation or whitepaper explaining what PNUT is or what it does could put more serious investors off. 

Will PNUT Go Up or Down?

(No one can really tell right now. While the PNUT crypto price predictions are broadly positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up. 

Should I Invest in PNUT?

Before you decide whether or not to invest in PNUT, you will have to do your own research, not only on PNUT but other related coins and tokens such as Dogecoin (DOGE). Either way, you must also ensure you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri.

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About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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