'Peanut the Squirrel' inspired crypto token grows to $1.6 billion market cap
PINE CITY, N.Y. (WENY) -- After making headlines across the globe, the story of "Peanut the Squirrel" is now making waves in the cryptocurrency world.
The crypto-token "PNUT" has skyrocketed the past few days. Since the launch of "PNUT" in early November, the token saw more than a 5,000% increase. According to coinmarketcap.com, "PNUT" had an all-time-low price of $0.03, and it currently sits at $1.61 (at the time of the article). "PNUT" has a market cap of $1.6 billion.
It's not yet clear who created the token, or if the token serves any specific purpose towards any cause or charity.
As WENY News previously reported, Peanut was seized by the New York State DEC from a home in Pine City last month. His seizure, and the decision to euthanize him and "Fred the Raccoon" has created an internet firestorm against the DEC and the Chemung County Health Department. Multiple bomb and death threats were made to the DEC and other officials believed to be responsible for putting down Peanut and Fred.