The post Peanut Pet Owner Launches New Token, Threatens Lawsuit Against Crypto Community appeared on BitcoinEthereumNews.com.

Less than a month after the story of Peanut the squirrel and Fred the raccoon broke headlines, Mark Longo, the owner of the two pets whose tragic deaths caused a public outcry and spurred a movement, has launched his own token. Longo spoke in a Twitter video about how he came to process the story of Peanut and Fred and has decided to launch a new token on Solana called Justice for Pnut and Fred (JUSTICE) to honor the memory of his pets. “The government’s not gonna get away with this,”  Longo said. “Justice will be served, for not only Fred and Peanut […] We will show the world that it’s not okay to overstep boundaries.” He’s also accused the crypto community of profiting from his personal trauma. “The crypto world has taken my tragedy and has profited every which way possible,” Longo asserted, describing the ordeal as “one of the most devastating things” in his life. “The fact that people wanna make money off this is nothing short of despicable,” he claimed. After decrying how the crypto community allegedly profited off of the incident, Longo went on to announce that he’s launching the new token. “This is the only coin I will be affiliated with forever,” Longo said. He did not immediately respond to a request for comment. PNUT community members have pushed back, pointing to approximately $50,000 in donations made to Longo, which they claim he immediately sold. At the time of writing, JUSTICE has over $53.8 million in market cap with over 14,000 holders, according to data from Solscan, which was minted using the DeFi meme coin platform, Pump.fun. Where the story began Peanut the squirrel (stylized as P’Nut) and Fred the raccoon lived with Mark Longo at his animal sanctuary in Pine City, New York. P’Nut…

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Filed under: News - @ November 27, 2024 1:17 am