Binance Hit With Legal Action Over Peanut the Squirrel’s Intellectual Property
The owner of Peanut the Squirrel has filed a lawsuit against Binance.
PNUT has dropped by over 7.70%, trading at $1.06.
Mark Longo, known as the “Squirrel Dad” and the owner of Peanut the Squirrel, has initiated legal proceedings against Binance, a leading cryptocurrency exchange. He asserts that Binance infringed on his copyright by using Peanut’s images and narratives without consent.
Longo stated on X,
“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.”
His claim focuses on the alleged unauthorized use of intellectual property, like images and narratives associated with Peanut, which he says are protected under U.S. copyright law.
Moreover, the legal letter asserts that Binance’s actions could confuse users into believing that the PNUT memecoin and related campaigns are endorsed by or affiliated with Longo’s animal welfare efforts. As of now, Binance has not responded to the allegations.
Backstory of Peanut the Squirrel
Peanut the Squirrel obtained widespread attention during the U.S. presidential election due to an incident that involved Longo and the New York State Department of Environmental Conservation (NYS DEC). The agency seized Peanut and a raccoon from Longo’s care in late October 2023.
Tragically, Peanut died while in custody, which led to widespread public outrage and garnered support from high-profile figures, like Elon Musk. Following Peanut’s passing, the crypto community responded by launching numerous meme coins inspired by the squirrel. One of these coins, PNUT, achieved a listing on Binance on November 11.
Price Movement of PNUT
Over the past 24 hours, the Peanut the Squirrel (PNUT) token has plunged by over 7.70%. At the time of writing, the meme coin trades at $1.06, with its market cap reaching $1.06 billion. Meanwhile, the trading volume of PNUT has surged by 29.90% to $468 million.
PNUT price chart (Source: CoinGecko)
The technical indicators highlight the current bearish momentum; if it persists, the asset could immediately fall back to the $1 mark. A breach below this level will push the price even down to a low of $0.93. On the upside, PNUT might find the nearby resistance at the $1.13 range. If the meme coin’s upside pressure strengthens, it could even take the price to $1.25.
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Deja de hablar porfavor. Gente como tu que se calle
Albeb
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Υποτιμητική
$JASMY peringatan untuk para pemegang koin jasmy , berhati-hatilah koin ini dalam status pemantauan binance koin jasmy akan menyusul koin $CTXC yang sedang mengalami penurunan extreme !!! dalam benerapa hari kedepan akan ada penurunan extreme pada koin #JASMY
Mira las demandas de cada una. Y luego publica chorradas.
Qari Ghulam Murtaza
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When Solana was priced at $8, all traders believed that Solana was dead, and now that same Solana is worth $200. Today, when we talk about LUNC reaching $1, everyone laughs, but when LUNC does reach $1, those who laughed will have nothing but regret.
📢 POR FAVOR, ESCUCHEN: ¡XRP APLASTARÁ A BTC EN 5 AÑOS! NO ES NINGUNA BROMA. 🚀
El debate entre $BTC y $XRP es constante, pero los números no mienten: XRP está destinado a liderar el futuro de las criptomonedas. 🌐💸
1️⃣ Transparencia frente a misterio: Mientras Bitcoin tiene una figura oculta como Satoshi Nakamoto (que todavía posee 1 millón de BTC, un riesgo potencial de un dump masivo 💣), Ripple, la empresa detrás de XRP, es totalmente transparente. Sus líderes son conocidos, sus objetivos claros y su misión regulada. Esto brinda confianza y estabilidad a largo plazo. ✅
2️⃣ Velocidad y costos: XRP supera ampliamente a Bitcoin en rapidez y comisiones. 🚄 Una transacción de BTC puede tardar hasta una hora y costar una fortuna en fees, mientras que XRP es rápido como un rayo y económico. ⚡💰
3️⃣ Relevancia global: XRP está siendo adoptado por bancos e instituciones financieras de todo el mundo para pagos transfronterizos inmediatos y de bajo costo. Este es un mercado gigante, y Bitcoin ni siquiera compite ahí. 🌍🏦
4️⃣ Escalabilidad: Con 1,500 transacciones por segundo, XRP deja a Bitcoin (solo 7 por segundo) como una tecnología lenta y obsoleta. 🚀
El futuro está aquí, y es $XRP . En menos de 5 años, su utilidad real y adopción global harán que Bitcoin quede en segundo plano. 🌟
Conclusión: Aunque decir que XRP superará a Bitcoin puede sonar poco convencional, los datos y su utilidad nos cuentan una historia diferente. Sin embargo, el futuro es incierto, y no podemos predecir con exactitud cómo evolucionarán las criptomonedas. Lo que sí podemos hacer es tomar decisiones informadas y escribir nuestro propio futuro. ✍️🌟
⚠️ Esto no es consejo de inversión. Haz tu propia investigación y evalúa tus decisiones financieras con cuidado. 💡
$JASMY This bull channel has been in development for a little over a year now. The current 1W candle is likely to close above the middle of the channel tomorrow. How confident are you that $JASMY hits channel resistance around 0.1 before EOY❓
😂😂😂😂😂 Pero que estas hablando.? Estas bien chico? 1dolar 1. Moneda sin utilidad?
Alts King
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Ανατιμητική
HOLD ON TO YOUR SHIB TOKENS!
Don't sell your SHIB for less than $1! Here's why:
$SHIB has insane potential, but it's volatile. Keep it to 10% or less of your portfolio. Diversify with 70% in Bitcoin (BTC) and 20% in Ethereum (ETH) for stability and growth. Keep 10% for "Less Than a Penny" Tokens (LTPs) like SHIB for massive reward potential.
Invest wisely and have a backup plan! #2024withBinance
The recent trends for IRIS, XVG, and JASMY on Binance show notable price drops: IRIS at $0.00941 (-16.36%), XVG at $0.016347 (-11.48%), and JASMY at $0.05000 (-10.47%). These declines indicate short-term bearish momentum, likely driven by overall market corrections and selling pressure.
For JASMY, analysts predict long-term potential due to its ties to Japan's growing IoT industry. Despite short-term volatility, increased interest from Japanese VC firms could stabilize its price around $0.025, with optimistic projections suggesting further gains if global adoption grows. However, market dependency on institutional support remains a challenge.
XVG (Verge) has been quieter in terms of news but still maintains potential due to its privacy-focused technology, while IRIS (IRISnet) relies on its infrastructure in blockchain interoperability for future growth. Both tokens face competitive pressures, which can limit immediate recovery.
In the current crypto environment, investors should exercise caution, monitor key market movements, and focus on long-term developments for these tokens while considering diversification. #BURNGMT #2024withBinance #ETHCrosses4K #BinanceListsACXandORCA
$JASMY ya veo que por aquí hay muchos que no tiene nada más que hacer y esta hablando mal. Y si os digo que os vayáis todos a comprar #btc o #eth así nos quedamos tranquilos y sin leer tanta mierda