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Recently, there has been an interesting phenomenon worth paying attention to. A virtual streamer named The Burnt Peanut went viral across multiple platforms in 2025, gaining quite a bit of popularity. Following this, some people hyped up this buzz into a token called $Peanut for fundraising and deployment.
Since its launch, $Peanut has performed quite aggressively—its price surged up to 30 times, and its highest market cap once reached 337K. This kind of token project derived from a virtual streamer IP actually reflects an interesting trend in the current crypto market: traffic and popularity are increasingly quickly converting into on-chain assets. The fan base within the virtual streamer community combined with the hype mechanism of the token has created a lot of appeal.
However, the lifecycle of such projects is usually quite short. After the hype fades, whether they can sustain growth depends on whether there is real application value supporting them.