{"id":457533,"date":"2024-12-16T12:10:12","date_gmt":"2024-12-16T12:10:12","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=457533"},"modified":"2024-12-16T11:34:35","modified_gmt":"2024-12-16T11:34:35","slug":"viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin\/","title":{"rendered":"Viral &#8216;Peanut the Squirrel&#8217; owner battles Binance over billion dollar PNUT memecoin"},"content":{"rendered":"<p>Mark Longo, known for his viral pet <a href=\"https:\/\/cryptoslate.com\/coins\/peanut-the-squirrel\/\">Peanut the Squirrel<\/a>, has issued a &#8220;cease and desist&#8221; letter to <a href=\"https:\/\/cryptoslate.com\/companies\/binance\/\">Binance<\/a> for the unauthorized use of his intellectual property.<\/p>\n<p>On Dec. 16, Longo took to his X account, Squirrel_Dad, to reveal his legal actions while alleging that Binance used images and stories tied to his animals without permission.<\/p>\n<h2>The legal action<\/h2>\n<p>In his <a href=\"https:\/\/x.com\/Squirrel_Dad12\/status\/1868448647635243421\">letter<\/a>, Longo's legal team outlined their claims, accusing Binance of violating copyright laws and intellectual property rights.<\/p>\n<p>According to them, Binance promoted the PNUT token on its platform using the name &#8220;Peanut the Squirrel,&#8221; the &#8220;PNUT&#8221; branding, and even a copyrighted image of Peanut wearing a cowboy hat. The memecoin token has a $1.08 billion market cap as of press time.<\/p>\n<p>The letter stated:<\/p>\n<blockquote><p>&#8220;As an initial matter, your use of the phrase PEANUT THE SQUIRREL, the term 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 same commercial impression, making them legally identical.&#8221;<\/p><\/blockquote>\n<p>Longo warned that he could file a legal action against Binance if his rights were not respected.<\/p>\n<p>Binance has yet to respond to <em>CryptoSlate's<\/em> request for comment on the matter.<\/p>\n<p>Meanwhile, Longo hinted at further action to safeguard his creative work. He emphasized that this legal action demonstrates his resolve to protect his intellectual property and hold Binance and other infringing platforms accountable.<\/p>\n<p>He wrote on X:<\/p>\n<blockquote><p>&#8220;This is the first of multiple cease and desist letters to be issued. I'm committed to protecting my creative work and sending a clear message: unauthorized use of my IP will not be tolerated.&#8221;<\/p><\/blockquote>\n<h2>PNUT tokens controversy<\/h2>\n<p>The lawsuit highlights the rising popularity\u2014and conflicts\u2014within the <a href=\"https:\/\/cryptoslate.com\/press-releases\/pnut-token-from-dispute-to-market-recognition-now-available-on-bydfi\/\">peanut-themed meme coin ecosystem. <\/a><\/p>\n<p>Peanut the Squirrel became a viral sensation during the US presidential election after Longo clashed with New 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 prominent voices offering support.<\/p>\n<p>This controversy inspired the creation of numerous meme tokens, with PNUT emerging as the most notable. <a href=\"https:\/\/cryptoslate.com\/binance-under-fire-for-allegedly-listing-pump-and-dump-memecoin-schemes\/\">The digital asset was listed on Binance<\/a> last month.<\/p>\n<p>However, Longo's recent post referenced a &#8220;Justice for Peanut&#8221; (JFP) token, which he described as the legitimate PNUT coin.<\/p>\n<p>Meanwhile, the ongoing dispute has influenced the token prices. According to CoinMarketCap data, PNUT has dropped by 5.6%, while JFP has seen a 10% rise in the past 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Longo, known for his viral pet Peanut the Squirrel, has issued a &#8220;cease and desist&#8221; letter to Binance for the unauthorized use of his intellectual property. On Dec. 16, Longo took to his X account, Squirrel_Dad, to reveal his legal actions while alleging that Binance used images and stories tied to his animals without [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":457545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60793,77032],"tags":[79922,79921],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Viral &#039;Peanut the Squirrel&#039; owner battles Binance over billion dollar PNUT memecoin<\/title>\n<meta name=\"description\" content=\"Mark Longo&#039;s copyright claims against Binance highlight legal battles in the PNUT memecoin market ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Viral &#039;Peanut the Squirrel&#039; owner battles Binance over billion dollar PNUT memecoin\" \/>\n<meta property=\"og:description\" content=\"Mark Longo&#039;s copyright claims against Binance highlight legal battles in the PNUT memecoin market ecosystem.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T12:10:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T11:34:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/12\/peanut-squirrel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/viral-peanut-the-squirrel-owner-battles-binance-over-billion-dollar-pnut-memecoin\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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