The controversial saga surrounding Peanut the Squirrel and the $PNUT token has taken a dramatic turn, as Mark Longo, the owner of Peanut, launched a new meme coin, $JUSTICE, in response to what he views as exploitation of his personal tragedy by the $PNUT community.
Mark Longo’s Criticism of the $PNUT Community
Longo, known online as @Squirrel_Dad12, has been outspoken about his displeasure with the $PNUT token community. He claims that they used Peanut’s viral story to profit, while disregarding his personal suffering. According to Longo, the $PNUT community capitalized on his pet’s death, even though he did not receive significant support from them, despite the popularity and financial success of the token.
This criticism stems from the community’s use of Peanut’s story and image for their own financial gain, particularly after the $PNUT token was listed on Binance, which led to an initial surge in its value. Despite this success, Longo alleges that the $50,000 in donations raised in his name were misused, further fueling his frustration.
The Birth of $JUSTICE
In retaliation, Longo launched his own meme coin—$JUSTICE—on the Solana blockchain, branding it as the “official” tribute to both Peanut and Fred the Raccoon, who was also euthanized by the New York State Department of Environmental Conservation (DEC). Longo positioned $JUSTICE as a way to honor his beloved pets and take control of his narrative.
The token quickly gained popularity, surging to a $130 million market cap within hours of launch. $JUSTICE saw an astronomical 50,000% increase in value within minutes, and is currently trading at $0.1348 according to data from DexScreener, up from a previous value of just $0.0009.
The $JUSTICE vs. $PNUT Conflict
While $PNUT reached a high of success, Longo’s new meme coin has become a competitor in the meme-token space. The $JUSTICE token’s rapid rise in value stands in stark contrast to the declining price of $PNUT. The conflict has sparked further controversy, with supporters of both tokens taking sides in what has become a bitter battle between Longo and the $PNUT community.
The dispute also underscores a broader issue in the meme coin market: the tension between community-driven projects and the rights of those whose stories become the face of these tokens. For Longo, the launch of $JUSTICE represents not only a form of tribute to his pets but also an attempt to reclaim his story and hold those responsible accountable.
Key Points:
- Longo launched $JUSTICE on the Solana blockchain to honor his deceased pets, Peanut the squirrel and Fred the raccoon.
- $PNUT gained popularity after its listing on Binance, but Longo claims he was exploited for profit.
- $JUSTICE surged to a $130 million market cap and increased in value by 50,000% in just hours of launch.
- The $JUSTICE vs. $PNUT conflict highlights the tension in the meme coin market over the use of personal stories for profit.
This ongoing saga has turned into a high-profile case in the world of meme coins, with Longo’s new token gaining significant traction. As the drama unfolds, the future of both tokens remains uncertain, but one thing is clear: $JUSTICE has emerged as a powerful new player in the meme coin world.