PNUT’s Potential 750% Rally to $1.79: A Meme Coin’s Meteoric Ascent Amid Cannabis Sector Confusion

The cryptocurrency market has long been a breeding ground for speculative frenzies, but few narratives have captured the zeitgeist as effectively as Peanut the Squirrel (PNUT). As of September 3, 2025, PNUT trades at $0.2097, having surged 333.29% since its November 2024 ICO [1]. Yet, the question of whether this Solana-based meme coin could rally 750% to $1.79 hinges not on cannabis sector fundamentals—where PNUT has no connection—but on the volatile interplay of social media hype, celebrity endorsements, and market sentiment.

The Meme Coin Phenomenon: Momentum Over Fundamentals

PNUT’s meteoric rise is emblematic of the meme coin boom, driven by zero-tax transactions and a cult-like following on platforms like TikTok and X (formerly Twitter). Data from CoinUnited.io reveals that PNUT’s 24-hour trading volume hit $35.52 million, with staking APYs reaching 125% and leverage of up to 2000x on exchanges like Binance [1]. Such metrics underscore its appeal to retail traders seeking high-risk, high-reward opportunities.

However, PNUT’s volatility—261.56% year-to-date—poses a double-edged sword. While short-term gains are tantalizing, a 4.76% weekly drop and 8.51% monthly decline highlight its precariousness [3]. For a 750% rally to $1.79, PNUT would need to defy its recent downward trends and attract sustained institutional interest—a scenario currently absent from its ecosystem.

Cannabis Sector Confusion: A Misplaced Narrative

The user’s query conflates PNUT with the cannabis sector, but sources confirm no such link. PNUT is a Solana-based meme coin inspired by an internet-famous squirrel, not a cannabis-related asset [2]. Cannabis stocks like Green Thumb Industries (GTBIF) and Trulieve Cannabis (TCNNF) operate in a distinct space, with their own challenges in regulatory hurdles and market saturation [4]. While cannabis ETFs like MSOS and MJ offer diversified exposure, they remain unconnected to PNUT’s trajectory.

This confusion may stem from the allure of “PNUT” as a ticker symbol, evoking associations with cannabis or nut-based commodities. Yet, the data is unequivocal: PNUT’s value proposition lies in its digital novelty, not agricultural or pharmaceutical applications.

The Road to $1.79: Feasibility and Risks

For PNUT to reach $1.79, several conditions must align:
1. Sustained Social Media Momentum: Continued virality on platforms like TikTok, where PNUT’s community drives demand.
2. Celebrity Endorsements: High-profile backing from influencers or celebrities, akin to Dogecoin’s past surges.
3. Regulatory Clarity: Avoidance of crackdowns on meme coins, which remain a gray area in global crypto regulations.
4. Liquidity Expansion: Listing on major exchanges like Coinbase or Kraken to attract broader retail and institutional participation.

Optimistic price predictions suggest PNUT could hit $0.77 by year-end 2025 [1], but a $1.79 target implies a 750% rally that would require exponential growth in adoption and utility—currently absent from PNUT’s roadmap.

Conclusion: A High-Risk Bet on Hype

PNUT’s potential 750% rally is less a reflection of undervaluation in the cannabis sector and more a testament to the speculative nature of meme coins. While its Solana blockchain infrastructure and zero-tax model offer technical advantages, its value remains tethered to social media sentiment. Investors should approach with caution, recognizing that meme coins thrive on momentum but are prone to abrupt corrections.

**Source:[1] Peanut the Squirrel (PNUT) Price Prediction [https://coinunited.io/learn/en/price-predictions/peanut-the-squirrel-pnut][2] Peanut the Squirrel (PNUT) Historical Data [https://coincodex.com/crypto/peanut-the-squirrel/historical-data/][3] Peanut the Squirrel (PNUT) Price Prediction 2025, 2026 - 2030 [https://coinpedia.org/price-prediction/peanut-the-squirrel-pnut-price-prediction/][4] 7 Best Marijuana Stocks and ETFs to Buy in 2025 [https://money.usnews.com/investing/articles/best-marijuana-stock-and-etfs]