Peanut the Squirrel (PNUT) is a new meme coin on the Solana network. Here are the latest developments about it:

1. Price performance:

• The coin reached its highest price of $2.47 on November 14, 2024, but has since fallen by about 27% to currently record around $1.81.

• It has achieved significant growth compared to its lowest price ($0.031) in early November, rising by more than 5,600%.

2. Trading and platforms:

• Binance started trading the coin on November 11, 2024, with it classified under the “Seed” label, a classification used for high-risk coins due to its high volatility and new nature. Features such as trading bots are also activated within 24 hours of launch.

• PNUT is also available on other platforms such as Crypto.com and CoinMarketCap for price tracking.

3. Recommendations and Warnings:

• Since the coin is a highly volatile coin, trading platforms recommend carefully reviewing the risks before investing. Users are also required to pass tests on Binance every 90 days to understand the investment risks.

Additional Notes:

PNUT is based on its popularity as a community-backed meme coin rather than on a clear practical value, which makes investing in it risky but attractive to high-risk enthusiasts.