𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐯𝐬. 𝐏𝐞𝐚𝐧𝐮𝐭 𝐭𝐡𝐞 𝐒𝐪𝐮𝐢𝐫𝐫𝐞𝐥: 𝐓𝐡𝐞 𝐔𝐧𝐥𝐢𝐤𝐞𝐥𝐲 𝐌𝐞𝐦𝐞𝐜𝐨𝐢𝐧 𝐁𝐚𝐭𝐭𝐥𝐞 𝐎𝐯𝐞𝐫 𝐓𝐫𝐚𝐝𝐞𝐦𝐚𝐫𝐤 𝐑𝐢𝐠𝐡𝐭𝐬
In a surprising turn of events, Mark Longo, the owner of Peanut the Squirrel, has launched a legal offensive against Binance, claiming the platform used his iconic squirrel's likeness to promote the $PNUT memecoin without authorization. According to Longo, Peanut isn't just a regular woodland creature—it’s a trademarked figure representing animal welfare and education since 2017. Now, he accuses Binance of turning his beloved squirrel into an unapproved mascot for a booming memecoin.
Longo has issued a cease-and-desist order demanding Binance halt the alleged misuse by December 31, or risk facing legal action with penalties that could amount to $150,000 per infringement. Legal analysts are already calling this a potentially pivotal case, one that could reshape intellectual property rights in the rapidly expanding memecoin sector.
While Binance remains silent on the matter, likely strategizing its next move, $PNUT continues its meteoric rise, boasting a staggering market cap of $2.25 billion. However, this quirky trademark dispute adds a layer of uncertainty, highlighting how unconventional branding in the memecoin world can collide with established IP laws.
The key takeaway? Squirrels may be cute, but they don’t forget—and neither do trademark lawyers. As this legal drama unfolds, the outcome could set a new precedent for creative rights in crypto markets. Stay tuned—this is one nutty story you won’t want to miss.
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