5 days ago
Mark Longo, known for his viral favored Peanut the Squirrel, has issued a “cease and desist” missive to Binance for the unauthorized usage of his intelligence property.
On Dec. 16, Longo took to his X account, Squirrel_Dad, to uncover his ineligible actions portion alleging that Binance utilized images and stories tied to his animals without permission.
The ineligible action
In his letter, Longo’s ineligible squad outlined their claims, accusing Binance of violating copyright laws and intelligence spot rights.
According to them, Binance promoted the PNUT token connected its level utilizing the sanction “Peanut the Squirrel,” the “PNUT” branding, and adjacent a copyrighted representation of Peanut wearing a cowboy hat. The memecoin token has a $1.08 cardinal marketplace headdress arsenic of property time.
The missive stated:
“As an archetypal matter, your usage of the operation PEANUT THE SQUIRREL, the word PNUT, and the PNUT Image is identical to our client’s PNUT Marks. That is to say, the PNUT Marks and the Infringing Marks impart the aforesaid commercialized impression, making them legally identical.”
Longo warned that helium could record a ineligible enactment against Binance if his rights were not respected.
Binance has yet to respond to CryptoSlate’s petition for remark connected the matter.
Meanwhile, Longo hinted astatine further enactment to safeguard his originative work. He emphasized that this ineligible enactment demonstrates his resoluteness to support his intelligence spot and clasp Binance and different infringing platforms accountable.
He wrote connected X:
“This is the archetypal of aggregate cease and desist letters to beryllium issued. I’m committed to protecting my originative enactment and sending a wide message: unauthorized usage of my IP volition not beryllium tolerated.”
PNUT tokens controversy
The suit highlights the rising popularity—and conflicts—within the peanut-themed meme coin ecosystem.
Peanut the Squirrel became a viral sensation during the US statesmanlike predetermination aft Longo clashed with New York’s Department of Environmental Conservation (NYS DEC) implicit the seizure of a Peanut and a raccoon successful his care. The incidental sparked nationalist outrage aft the Peanut died, with galore salient voices offering support.
This contention inspired the instauration of galore meme tokens, with PNUT emerging arsenic the astir notable. The integer plus was listed connected Binance past month.
However, Longo’s caller station referenced a “Justice for Peanut” (JFP) token, which helium described arsenic the morganatic PNUT coin.
Meanwhile, the ongoing quality has influenced the token prices. According to CoinMarketCap data, PNUT has dropped by 5.6%, portion JFP has seen a 10% emergence successful the past 24 hours.
The station Viral ‘Peanut the Squirrel’ proprietor battles Binance implicit cardinal dollar PNUT memecoin appeared archetypal connected CryptoSlate.
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