фото показано с : invezz.com

The story of Peanut the Squirrel has taken a dramatic turn, intertwining legal disputes, government intervention, and a new cryptocurrency frenzy.

Peanut, a rescued squirrel turned social media sensation, became a rallying symbol after New York State authorities euthanized the animal following an incident with its owner, Mark Longo.

The incident spurred outrage, leading to the creation of a meme coin, PNUT, which skyrocketed in popularity before sparking accusations of profiteering.

Longo, determined to reclaim the narrative, launched his own cryptocurrency, JUSTICE, marking the latest chapter in a saga that has captivated animal lovers and crypto enthusiasts alike.

Is this the end of $PNUT? The owner of Peanut (@Squirrel_Dad12) has launched his own coin $JUSTICE (For Pnut and Fred) as his own project, while denouncing $PNUT. Currently JUSTICE is surging to a $13m mc while the original PNUT has been on a steady decline since peaking after…

The controversy began when New York State Department of Environmental Conservation (DEC) agents raided Longo’s home on October 30.

Peanut and a raccoon named Fred, both prohibited under state wildlife laws, were seized after officials discovered social media posts suggesting the animals were being kept as pets.

Longo claimed the animals had been released into the wild, but Peanut’s continued online presence contradicted this assertion.

The raid followed an incident where Peanut bit a DEC officer, raising concerns about rabies.

Despite posthumous tests confirming the absence of the disease, the DEC euthanized both animals on November 1, a move criticised as heavy-handed and unnecessary.

Public outcry reached new heights when Elon Musk expressed support for Longo on social media, turning Peanut into a symbol of government overreach.

Government overreach kidnapped an orphan squirrel and executed him …

In the wake of Peanut’s tragic death, the crypto community launched PNUT, a meme coin inspired by the squirrel’s viral story.

Following its listing on Binance, PNUT saw a meteoric rise in value, drawing attention from speculators and meme coin enthusiasts.

The token’s rapid decline led to allegations of it being a pump-and-dump scheme, a common criticism in the volatile meme coin market.

Mark Longo, who had built a dedicated online following as “Squirrel Dad,” accused PNUT’s creators of exploiting his pet’s story for financial gain without his consent.

Longo took to social media, vowing legal action against PNUT holders, calling their actions unethical and opportunistic.

In a now-deleted post on X (formerly Twitter), he accused the community of profiting from Peanut’s legacy, intensifying tensions between him and the crypto project.

Determined to take control of the narrative, Longo introduced his own cryptocurrency, JUSTICE, as a direct response to PNUT.

The token, aimed at honouring Peanut’s memory, quickly garnered attention. Within 24 hours of its launch, JUSTICE recorded a 50,000% surge in price, reaching a $13 million market cap, according to data from DEX Screener.

JUSTICE has attracted both praise and scepticism.

Supporters see it as a meaningful tribute to Peanut, while critics question whether Longo’s initiative may inadvertently mimic the speculative nature of the meme coin market he criticises.

The launch underscores the blurred lines between activism, financial opportunity, and digital culture in the cryptocurrency space.

The Peanut saga has also reignited debates over New York’s strict wildlife laws and their enforcement.

Critics argue that the DEC’s approach in this case highlights a lack of nuance, prioritising bureaucratic compliance over animal welfare and public sentiment.

Meanwhile, the involvement of cryptocurrency in the controversy reflects the growing influence of digital assets in shaping public discourse and monetising viral stories.

As Longo prepares for potential legal battles against PNUT holders, questions remain about how this unique intersection of wildlife advocacy and cryptocurrency will unfold.

For now, JUSTICE continues to gain traction, with investors and animal lovers rallying behind its cause.

The post Copyright battle flares as Peanut the Squirrel gets meme coin rival appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

18 +