Back in 2021, if you were active in crypto communities, you probably saw the Peanut.Trade airdrop pop up everywhere. It was simple: join Telegram, follow Twitter, add NUX to your CoinMarketCap watchlist, and fill out a form. For many, it felt like free money. But here’s the truth most people didn’t talk about - the tokens you got then are worth less than a cup of coffee today.
What Was the Peanut.Trade Airdrop?
The Peanut.Trade airdrop, run through CoinMarketCap in August 2021, gave out 71,000 NUX tokens to 2,000 winners. Each winner got up to 35.50 NUX. That’s it. No big prizes. No exclusive access. Just a small slice of a token that, at the time, was being hyped as a solution to slippage on decentralized exchanges. The goal? Build a community. Back then, every new DeFi project threw an airdrop. It wasn’t about rewarding loyal users - it was about getting eyes on the project. Peanut.Trade needed traders to test their platform, so they used the airdrop as a magnet. And it worked. Thousands signed up. Thousands got tokens. But few stayed.How to Qualify for the Peanut Airdrop
To get in, you had to do four things:- Add NUX to your CoinMarketCap watchlist
- Join the official Peanut Telegram group
- Follow the Peanut announcement channel on Telegram
- Follow @PeanutTrade on Twitter
- Complete the registration form on CoinMarketCap’s airdrop page
When Did the Airdrop Happen?
Winners were announced on August 27, 2021. Tokens were distributed between August 27 and August 31, 2021. That timing matters. Why? Because Bitcoin had already crashed from its April 2021 peak of $64,000. The whole crypto market was cooling off. NUX had already fallen from its all-time high of $31.69 (hit in early 2021) to around $0.31 by August. So even if you got 35.50 NUX, you weren’t getting $1,100 worth of value - you were getting about $11. The project had raised $7.96 million across five funding rounds before the airdrop. That money was supposed to fuel development. But by the time the airdrop rolled out, the hype was fading. The tokens you got were already losing value.What Is Peanut.Trade Supposed to Do?
Peanut.Trade wasn’t just another meme coin. It claimed to fix a real problem: slippage on DEXs. Most decentralized exchanges use Automated Market Makers (AMMs), which cause big price swings when you trade large amounts. Peanut’s solution? Split assets. 90% went to Uniswap. The other 10% went to a price-balancing mechanism that synced prices between DEXs and centralized exchanges like Coinbase. It also had anti-bot tech to stop frontrunning - a common issue where bots sniff out your trade and jump in front of it, stealing profit. The idea was smart. But smart ideas don’t always survive in crypto. Execution matters more.
What Happened to the NUX Token?
As of October 2025, NUX trades at around $0.0042. That’s a 99.99% drop from its peak. The token’s market cap is just $210,000. Trading volume? Under $100,000 a day. Most of the action happens on Gate.io, with minor volume on LATOKEN and Uniswap V2. The token’s supply is fixed at 50 million NUX. Only 3.5% was unlocked at launch (February 15, 2021). The rest released slowly over 700 days - meaning early investors and team members couldn’t dump all at once. But even with that lockup, the price kept falling. Why? Lack of adoption. No major partnerships. No new features. Just silence.Why Did the Airdrop Fail to Create Long-Term Value?
Airdrops work when they attract real users. Peanut.Trade didn’t. Most people who got NUX tokens didn’t use the platform. They didn’t trade on it. They didn’t stake it. They just held it - hoping it would moon. When it didn’t, they sold. Compare that to projects like Uniswap or Compound. Their airdrops went to active users - people who had swapped, lent, or borrowed. Peanut’s airdrop went to people who followed a Twitter account. Big difference. Also, the token’s utility was unclear. What could you do with NUX? Pay for trading fees? Get discounts? Earn rewards? The documentation was vague. Without clear use cases, the token became a speculative asset - and speculative assets crash hard when the hype dies.What Do Price Predictions Say Now?
Some analysts still believe in NUX. CoinLore predicts it could hit $1.80 by 2026 and $28.52 by 2041. That’s a 4,000x return from today’s price. But here’s the reality: CoinCodex expects NUX to stay under $0.007 through 2025. WalletInvestor says it’s a “strong sell.” CoinDataFlow sees it trading between $0.003 and $0.006. All of these are based on current market conditions - not wishful thinking. The gap between the optimistic and conservative forecasts isn’t a difference in analysis. It’s a difference in belief. One side believes in a crypto bull run that hasn’t happened yet. The other side sees a dead project with no traction.
What Should You Do If You Still Hold NUX?
If you got NUX in the 2021 airdrop and still have it:- Check if the token is still listed on exchanges you use
- Look at the project’s GitHub or social media - any updates in the last 6 months?
- Ask yourself: Would you buy this token today at $0.0042?
Is There a New Peanut Airdrop Coming?
As of January 2026, there is no official announcement of a new airdrop. The Peanut.Trade website is inactive. Their Twitter hasn’t posted since 2022. Their Telegram group has fewer than 200 active members. If someone claims there’s a new NUX airdrop, it’s a scam. The original project is effectively dead. Don’t give them your wallet address. Don’t connect your MetaMask. Don’t click any links.Lessons from the Peanut.Trade Airdrop
This isn’t just a story about one failed token. It’s a case study in how most crypto airdrops fail:- Airdrops attract users, not customers
- Easy sign-ups don’t equal real adoption
- Token value needs utility, not just hype
- Without active development, even smart tech dies
- Don’t chase past returns - check current activity
Frequently Asked Questions
Did the Peanut.Trade airdrop really give out 35.50 NUX per person?
Yes. The official CoinMarketCap airdrop page confirmed that 71,000 NUX tokens were distributed among 2,000 winners, with each winner eligible for up to 35.50 NUX. This was the maximum allocation, and not everyone received the full amount.
When were the Peanut.Trade airdrop winners announced?
Winners were announced on August 27, 2021. The tokens were distributed between August 27 and August 31, 2021. This was confirmed by CoinMarketCap’s official announcement and blockchain records.
What was the value of NUX during the airdrop?
At the time of the airdrop in late August 2021, NUX traded at approximately $0.31 per token. That meant the maximum 35.50 NUX reward was worth about $11. This was already down 98% from its all-time high of $31.69 earlier that year.
Is Peanut.Trade still active today?
No. As of January 2026, Peanut.Trade has no active website, no recent social media updates, and no new development activity. The project is considered inactive. Any claims of a new airdrop or revival are scams.
Where can I trade NUX tokens now?
The most active trading pair for NUX is NUX/USDT on Gate.io. Smaller volumes are available on LATOKEN and Uniswap V2. However, liquidity is extremely low, and prices can swing wildly due to thin order books.
Should I invest in NUX now?
No. NUX has lost 99.99% of its peak value and shows no signs of recovery. There is no active development, no community growth, and no clear roadmap. Investing in NUX now is speculative at best and likely a loss at worst.
What happened to the $7.96 million raised by Peanut.Trade?
The funds raised across five rounds were meant to develop the Peanut protocol. However, no public financial reports or audit trails were released. The lack of updates, combined with the token’s collapse, suggests the funds were either mismanaged, spent on marketing without product development, or the project was abandoned.
Jon Martín
January 13, 2026 AT 21:46turned out i just bought a really expensive cup of coffee that never arrived
still have it in my wallet like a weird trophy
Mujibur Rahman
January 15, 2026 AT 07:25