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PNUT, a memecoin inspired by Peanut the Squirrel, dropped nearly 10% after Mark Longo, the squirrel's owner, issued a cease and desist letter to Binance for alleged copyright infringement. The letter claims Binance used Longo's intellectual property without authorization, prompting concerns among investors as PNUT's price fell to $1.05. Longo has expressed dissatisfaction with the memecoin's existence, previously launching his own tokens in protest.
Fred
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memecoin pnuts value drops after legal action against binance for copyright infringement
08:00 17.12.2024
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