🐿️ Squirrel Alert! In a nutty twist, Mark Longo, owner of Peanut the Squirrel, has sent Binance a cease-and-desist letter for allegedly infringing on his trademark with their PNUT-themed memecoin. Longo claims Binance's use of his beloved squirrel's likeness and name has caused confusion, implying an unauthorized partnership.

The PNUT memecoin has skyrocketed, hitting a market cap of $2.25 billion, despite the legal drama. With major exchanges eyeing PNUT, this could set a precedent for IP rights in the memecoin world. 🪙

What do you think? Is this a case of squirrelly business or just nuts? Comment below!