The death of Squirrel Peanut sparks a storm! Is there a big conspiracy behind the explosive Memecoin with a market value of 2 billion?

Last year, the capture and euthanasia of the adorable social media star squirrel "Peanut" caused a huge uproar in New York State! Peanut's death not only triggered strong public protests but also became a focal point of political debate during the election season. Reports from the Associated Press indicate that there may be premeditated elements behind this incident, and the actions of the environmental protection department have come under scrutiny.

Peanut's social media account had amassed over 500,000 followers, but the unauthorized keeping of a wild animal caught the attention of the state wildlife management agency. The turning point in the incident came with the appearance of a rabid raccoon, after which the environmental protection department demanded the euthanasia of all "wild" animals and sent them for rabies testing. Although Peanut ultimately tested negative, both Peanut and Fred were still euthanized.

This tragedy infuriated the public, and even Elon Musk stepped in to criticize the government. Even more shocking, Peanut's death spawned a meme-based cryptocurrency — "Peanut Squirrel" (PNUT), which saw its market value exceed 2 billion in just 10 days! However, over time, the value of this Memecoin has shrunk by nearly 93%.

This incident has not only sparked dissatisfaction with the government but also thrust Memecoin into the spotlight!