Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin
Home News Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin

Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin

by Selmer Harvey

Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin

Viral 'Peanut the Squirrel' proprietor battles Binance over billion greenback PNUT memecoin

Viral ‘Peanut the Squirrel’ proprietor battles Binance over billion greenback PNUT memecoin Viral ‘Peanut the Squirrel’ proprietor battles Binance over billion greenback PNUT memecoin

Viral ‘Peanut the Squirrel’ proprietor battles Binance over billion greenback PNUT memecoin

The PNUT token itemizing on Binance stirs up previous controversies and criminal battles over trademarked imagery and stories.

Viral ‘Peanut the Squirrel’ proprietor battles Binance over billion greenback PNUT memecoin

Duvet art/illustration by strategy of CryptoSlate. Characterize entails mixed affirm that could well well consist of AI-generated affirm.

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Imprint Longo, identified for his viral pet Peanut the Squirrel, has issued a “give up and desist” letter to Binance for the unauthorized spend of his intellectual property.

On Dec. 16, Longo took to his X yarn, Squirrel_Dad, to repeat his criminal actions while alleging that Binance archaic photos and stories tied to his animals without permission.

The criminal action

In his letter, Longo’s criminal physique of workers outlined their claims, accusing Binance of violating copyright criminal pointers and intellectual property rights.

Based fully mostly on them, Binance promoted the PNUT token on its platform the usage of the title “Peanut the Squirrel,” the “PNUT” branding, and even a copyrighted image of Peanut carrying a cowboy hat. The memecoin token has a $1.08 billion market cap as of press time.

The letter mentioned:

“As an initial topic, your spend of the phrase PEANUT THE SQUIRREL, the time length PNUT, and the PNUT Characterize is exclusively like our client’s PNUT Marks. That's to suppose, the PNUT Marks and the Infringing Marks notify the identical industrial affect, making them legally identical.”

Longo warned that he could well furthermore file a criminal action against Binance if his rights had been not respected.

Binance has but to answer CryptoSlate’s demand for suppose on the topic.

In the intervening time, Longo hinted at extra action to safeguard his ingenious work. He emphasised that this criminal action demonstrates his win to the underside of to offer protection to his intellectual property and preserve Binance and various infringing platforms accountable.

He wrote on X:

“Here's the most main of multiple give up and desist letters to be issued. I’m dedicated to defending my ingenious work and sending a determined message: unauthorized spend of my IP will not be tolerated.”

PNUT tokens controversy

The lawsuit highlights the rising popularity—and conflicts—contained within the peanut-themed meme coin ecosystem.

Peanut the Squirrel grew to changed into a viral sensation all over the US presidential election after Longo clashed with Unusual York’s Department of Environmental Conservation (NYS DEC) over the seizure of a Peanut and a raccoon in his care. The incident sparked public outrage after the Peanut died, with many mighty voices offering relief.

This controversy inspired the advent of loads of meme tokens, with PNUT emerging because the most vital. The digital asset used to be listed on Binance final month.

Nonetheless, Longo’s contemporary post referenced a “Justice for Peanut” (JFP) token, which he described because the genuine PNUT coin.

In the intervening time, the ongoing dispute has influenced the token prices. Based fully mostly on CoinMarketCap files, PNUT has dropped by 5.6%, while JFP has considered a 10% upward thrust within the previous 24 hours.

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Posted In: Binance, Apt, Memecoins
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Source credit : cryptoslate.com

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