Mark Longo, the owner of Peanut the squirrel and Fred the raccoon, who tragically died after New York State environmental officers raided his home on 30 October, has launched a new token called Justice for Peanut and Fred (JUSTICE). He plans to use it to honour the memory of his pets. The token, which is based on Solana, was created in response to the outrage over the treatment of the animals, and the government’s involvement in their deaths.

Longo, who has over 500,000 followers on social media, has accused the crypto community of profiting from his personal tragedy. He stated that the government will not “get away with this” and that “justice will be served for not only Fred and Peanut […] We will show the world that it’s not okay to overstep boundaries.” He added that the crypto world has “taken my tragedy and has profited every which way possible.”

The creation of the token follows the incident in which Peanut and Fred were euthanized after P’Nut allegedly bit someone during the seizure.

The event sparked widespread outrage and became politically charged in the lead-up to the U.S. presidential election. Vice President-elect JD Vance said at a rally in Sanford, North Carolina, that Trump was “fired up” about the euthanization, criticizing what they deemed as “government overreach.” Elon Musk, who supported Trump during the electoral campaign, described the situation as “messed up” before going on with a flurry of tweets about P’Nut.

This prompted crypto Twitter degens to pump up and hype the Solana-based meme coin created based on it, trailing Musk’s commentaries and associating it with PNUT. The case behind PNUT isn’t the first time that a meme coin has resulted in actual lawsuits or threats. On November 21, Philip Banks, the artist behind the viral “Chill Guy” meme, said he’s pursuing legal action against meme coins using his art, stating that he’d be “issuing takedowns on for-profit-related things.” Banks’ artwork was used across various meme coins, particularly with another Solana-based token, CHILLGUY, whose market cap swelled from $13 million on November 19 to over $517 million by November 22, according to data from CoinGecko.

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<p>The post Mark Longo Launches Token to Honor Pets Peanut and Fred. first appeared on CoinBuzzFeed.</p>