Back in 2021, if you were active in crypto communities, you probably saw ads for the Peanut.Trade airdrop. It promised free tokens-no purchase needed. All you had to do was follow a few simple steps: join their Telegram group, follow them on Twitter, and add NUX to your CoinMarketCap watchlist. Thousands signed up. But what happened after the tokens landed in wallets? And why does no one talk about it anymore?

How the Peanut.Trade Airdrop Actually Worked

The Peanut.Trade airdrop wasn’t some hidden gem. It was a straightforward, well-documented campaign run through CoinMarketCap’s official airdrop platform. The goal? Build a user base. The method? Distribute 71,000 NUX tokens across 2,000 winners. That’s 35.50 tokens per person-maximum. No one got more. No one got less unless they didn’t complete the steps.

To qualify, you had to:

• Follow @peanuttrade on Telegram
• Join the official announcement channel @peanutann
• Follow @PeanutTrade on Twitter
• Add NUX to your CoinMarketCap watchlist
• Fill out the registration form on CoinMarketCap’s site

That’s it. No KYC. No wallet deposit. No locked funds. Just basic social engagement. It was the kind of airdrop that felt safe-no sketchy links, no fake websites. CoinMarketCap vouched for it. That’s why over 100,000 people entered. But only 2,000 won.

When Did the Tokens Get Distributed?

Winners were announced on August 27, 2021. The tokens started arriving in wallets between August 27 and August 31, 2021. At the time, NUX was trading around $0.31 per token. That meant the average winner got about $11 worth of NUX. Not life-changing, but free money in a booming market.

The timing wasn’t random. May 2021 had seen Bitcoin hit $64,000. By August, prices were already dropping. Crypto was cooling off. The airdrop happened during a market correction. That’s important. It meant the tokens were already down from their peak. People weren’t getting them at the top. They were getting them as the hype faded.

What Was Peanut.Trade Even Supposed to Do?

Peanut.Trade wasn’t just another token. It was a DeFi protocol built to fix a real problem: slippage on decentralized exchanges.

Most DEXs like Uniswap suffer from price gaps between themselves and centralized exchanges like Coinbase or Binance. Big traders exploit this. They buy low on one exchange, sell high on another. Regular users get stuck with bad prices. Peanut.Trade tried to fix that.

Here’s how it worked:

• 90% of its assets went to Uniswap (a DEX)
• 10% went to a smart contract that monitored prices on centralized exchanges
• The system automatically adjusted prices on Uniswap to match CEX rates
• This reduced slippage for traders using Peanut’s liquidity pools

It also had anti-bot tech. DeFi bots are the reason you can’t buy a new token without paying 20% more than the listed price. Peanut claimed to block those bots from front-running trades. That was the pitch: fairer trading for everyday users.

But here’s the problem: no one used it.

What Happened to the NUX Token?

The token launched on February 15, 2021. At the time, it raised $7.96 million across five funding rounds. The team had backing. The tech made sense. But adoption never came.

The all-time high for NUX was $31.69. That was in early 2021, right after launch. By the time the airdrop happened in August, it was already down to $0.31. And then it kept falling.

As of October 2025, NUX trades at $0.0042. That’s a 99.99% drop from its peak. If you got the full 35.50 NUX in the airdrop, your tokens were worth $11.22 back then. Today, they’re worth $0.15. You lost 98.7% of your paper value.

The market cap? Around $210,000. That’s less than the cost of a decent used car. The token is ranked #6594 on CoinGecko. You won’t find it on Coinbase or Binance. The only real exchange where it’s traded is Gate.io, and even there, daily volume is under $100,000.

Why Did Peanut.Trade Fail?

There are three big reasons:

1. No real users. The protocol solved a problem most people didn’t feel. Traders didn’t switch from Uniswap to Peanut. Why? Because Uniswap was already easy, deep, and trusted. Peanut added complexity without clear benefit.
2. Bad timing. The airdrop happened during a bear market. People were cashing out, not experimenting with new DeFi tools.
3. Weak incentives. The token had no staking, no yield, no governance. Holding NUX gave you nothing but the hope it might go up. That’s not enough.

Even the team’s own token distribution model hurt adoption. Only 3.5% of tokens were unlocked at launch. The rest were released slowly over 700 days. That meant the market was flooded with new supply for over two years. Every day, more NUX hit the market. No one was buying. Prices kept dropping.

Are There Any Predictions Left?

Some sites still publish wild forecasts. CoinLore says NUX could hit $28.52 by 2041. That’s 6,800 times its current price. CoinCodex says it might reach $0.003 by November 2025. That’s a 20% increase from today’s price.

Here’s the truth: no one is trading NUX based on these predictions. The volume is too low. The liquidity is too thin. If you bought NUX today, you’d struggle to sell it without crashing the price.

The optimistic forecasts are fantasy. They’re based on past bull markets, not current demand. If you’re looking for a token with real utility, NUX isn’t it.

What Can You Learn From the Peanut.Trade Airdrop?

This isn’t a story about a failed project. It’s a lesson about how airdrops work-and how rarely they lead to real value.

Most airdrops are marketing tools. They’re not investments. They’re ways to get attention, build a community, and create the illusion of momentum. If the product doesn’t deliver, the token dies. That’s what happened here.

If you’re considering future airdrops:

• Check the project’s actual usage. Is anyone using the product? Or is it just a whitepaper?
• Look at token distribution. Are most tokens locked up? Or are they being released daily?
• Check the exchange listings. Is it on major platforms? Or only on obscure ones?
• Don’t assume free tokens = free money. The real cost is the time you spend chasing them.

The Peanut.Trade airdrop gave away 71,000 tokens. Today, those tokens are worth less than $300 total. The people who won them got a small payout in 2021. The rest of us got a warning: not every free token is a gift. Sometimes, it’s a graveyard.

Is There Any Way to Get NUX Tokens Today?

Technically, yes. You can buy NUX on Gate.io, LATOKEN, or Uniswap V2. But you shouldn’t.

The token has no active development. No new features. No marketing. No team updates since 2022. The website still exists, but it’s static. The Twitter account hasn’t posted since 2023. The Telegram group is quiet.

If you buy NUX now, you’re not investing. You’re gambling on a ghost. And even if the price goes up 10x, you’d still be at 0.04% of its all-time high. That’s not a comeback. That’s a mirage.

Final Thoughts

The Peanut.Trade airdrop was real. The tokens were real. The drop in value? Also real.

It’s easy to look back and say, “I should’ve held.” But that’s hindsight. In 2021, no one knew the token would crash 99.99%. The team didn’t know. The investors didn’t know. The airdrop winners didn’t know.

The lesson isn’t about missing out. It’s about understanding the difference between a marketing stunt and a real project. Free tokens are fun. But they’re not a strategy. If you want to build wealth in crypto, focus on projects with real users, real volume, and real teams-not just airdrop forms.

Peanut.Trade is gone. The NUX token is a footnote. But the lesson? Still worth remembering.