🐿️ In a nutty twist, Mark Longo, owner of Peanut the Squirrel, has issued a cease-and-desist to Binance over its PNUT memecoin. Longo claims Binance is infringing on his trademark and mascot likeness, used for educational and animal welfare since 2017.

- The PNUT memecoin, despite its legal woes, has skyrocketed, hitting a $2.25 billion market cap.

- Legal experts suggest this could set a precedent for IP rights in the memecoin world.

- Binance has yet to respond, but with Coinbase and Kraken eyeing PNUT, the plot thickens!