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  • 27 Nov 24

Peanut's Owner Launches JUSTICE Token After Conflict with Crypto Community

In a video message on Twitter, Mark Longo, the owner of the late pets Peanut and Fred, accused the crypto community of profiting off his personal tragedy.

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In a video message on Twitter, Mark Longo, the owner of the late pets Peanut and Fred, accused the crypto community of profiting off his personal tragedy. Calling the incident "one of the hardest moments of his life," he announced the creation of the token Justice for Pnut and Fred (JUSTICE) in memory of his animals. Reactions from users quickly followed.

A Symbol of Justice

Mark Longo, whose pets Peanut and Fred tragically passed away, blamed the crypto community for attempting to profit from his personal story. In his video address on X, Longo also revealed the launch of a new token.

The JUSTICE token, launched on the Solana blockchain, has already gained significant attention. Longo emphasized that this project would be "the only coin he would ever be associated with." According to him, the token's goal is to draw attention to injustice and demonstrate that "crossing the line is unacceptable," seemingly referring to the speculation and hype surrounding the project.

However, opinions in the crypto community are divided. Some users reminded everyone that Longo had previously received around $50,000 in donations from the token’s community, which he reportedly sold.

"No one cares about the coin you’re attached to. You’re not the main character. Whoever advised you should be fired immediately. The attention has gone to your head, and now we’re seeing your true greedy nature. No one will buy your new token — it’s trash, and you’ll just waste time and money trying to promote it," said a user under the nickname sauceBTC.

Token’s Success

Despite the criticism, JUSTICE has experienced rapid growth. According to Solscan, the token reached a market capitalization of $49.9 million and has 19.7K holders. However, its value dropped by 62.3% in the past 24 hours, trading at $0.04513 at the time of writing.

Justice for Pnut and Fred (JUSTICE) to USD price chart. Source: Coinmarketcap
Justice for Pnut and Fred (JUSTICE) to USD price chart. Source: Coinmarketcap

The original token Peanut the Squirrel (PNUT) also fell by 6.2% over the past 24 hours, currently priced at $1.07. However, this drop is likely due to general market corrections rather than Longo’s statement.

Thus, JUSTICE has become not only a memecoin but also a kind of symbol that Longo uses to fight for justice. Yet, questions remain about whether support for this token aligns with its stated goals and how long its popularity will last. What do you think?

This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.

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