Mark Longo vs PEANUT Coin: Longo fights with crypto investors over using his beloved P’Nut the Squirrel’s story and creates his JUSTICE coin.
Mark Longo, the owner of P’Nut the Squirrel, was thrust into an unexpected crypto controversy following the tragic death of his beloved pet. P’Nut, a squirrel famous on social media, gained attention after New York State officials raided his home and euthanized him for rabies testing.
After P’Nut’s death, crypto fans created a meme coin called PEANUT. The coin became popular, with over 11,000 investors and a sharp rise in value. However, Longo was upset and accused the creators of using P’Nut’s legacy to make money without his permission.
Longo’s Outrage and Response
Longo shared his frustration on social media. He accused the PEANUT coin creators of using P’Nut’s story without permission. He said they failed to support his animal sanctuary properly.
“You used my story, my squirrel, and my [likeness] to make millions,” Longo posted on X (formerly Twitter). He further criticized their offer of a fractional percentage of the coin’s circulation as “a slap in the face,” given its multimillion-dollar market cap.
The Rise of ‘PEANUT’ Coin
The “PEANUT” coin was launched to honor P’Nut’s online fame. Its value quickly soared, reaching a $1.3 billion market cap. This made it one of the top meme coins of the month. Supporters said the coin started two weeks before P’Nut’s death. They claimed it was meant to celebrate the squirrel’s popularity.
Despite their intentions, the coin’s investors found themselves at odds with Longo. While some offered donations worth $50,000 in digital tokens to his sanctuary, Longo viewed this gesture as insufficient.
Longo Strikes Back with ‘JUSTICE’ Coin
In response to the controversy, Longo launched his own coin, JUSTICE, on November 29, 2024. Unlike PEANUT, the JUSTICE coin was made to support his animal sanctuary. Within hours the coin’s market cap rose to $144.7 million. It later stabilized at $14.5 million.
Longo thanked the “JUSTICE” community for their support. He said the investors were looking out for his animals’ future. He called their help meaningful, saying, They’re looking out for not only me, but my animals in the future.
The ‘PEANUT’ Coin Community Pushes Back
The creators of the PEANUT coin maintained that Longo misunderstood their intentions. They argued that the vast majority of their investors hold small stakes, ranging from $100 to $1,000, and are not profiting significantly.
People in this community would have come together, volunteered at his farm, and sent him more money, one early investor explained. But he decided that he needed to own the entire thing.
Mark Longo vs PEANUT Coin: A Legal and Ethical Battle
The feud has raised questions about using personal stories in crypto projects. Longo has hinted at taking legal action. He accuses “PEANUT” creators of using P’Nut’s likeness without permission.
The PEANUT coin community argues their project was a real tribute. They say they tried to work with Longo, but he refused.
The Future of the Feud
The story of P’Nut and the battle between PEANUT and JUSTICE shows the challenges of mixing viral culture with finance. Longo’s JUSTICE coin offers support for his sanctuary. Meanwhile, the PEANUT coin continues to divide opinions.
This clash highlights the need for consent and transparency in crypto projects using personal stories. Longo and the PEANUT coin investors are still fighting for what they think is the rightful legacy of P’Nut the Squirrel.
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Conclusion:
Mark Longo vs PEANUT Coin: The feud between Longo and the “PEANUT” coin investors shows the problems of mixing online fame, cryptocurrency, and personal loss. Longo’s “JUSTICE” coin tries to make the situation better. Meanwhile, the controversy around coins like “PEANUT” brings up questions about ethics and ownership in crypto.
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