A sudden social media jab sent Solana’s Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon Musk criticized US authorities for ignoring names on the Jeffrey Epstein “client list”, quipping that “more squirrels and raccoons have been arrested” than any Epstein affiliates. Related Reading: XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029 A nod to a squirrel named Peanut—said to have been “arrested (and killed)”—coincided with a sharp pop in the PNUT token’s value. According to on‑chain data, PNUT climbed over 10% in 24 hours, touching $0.23 at one point. Elon Musk Highlights Justice Concerns Based on reports, Musk’s post racked up more than 13.7 million views within hours. Traders quickly linked “Peanut” to the PNUT ticker. Almost immediately, PNUT price rose from about $0.22 to $0.23. Peanut price up in the last 24 hours. Source: Coingecko The token’s 24‑hour trading volume jumped roughly 80%, crossing $215 million. Market watchers estimate PNUT’s market cap now sits near $224 million, out of a total supply approaching 1 billion tokens. Market Reaction Follows Viral Meme Meme tokens often depend on hype, and PNUT was no exception. After Musk’s message spread, order books filled fast. Buy orders outnumbered sells, driving price momentum. Crypto bots and retail traders piled in, hoping to catch the wave. Some investors told reporters they moved funds into PNUT within minutes of seeing Musk’s post. They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken. pic.twitter.com/YndRadQUBE — Elon Musk (@elonmusk) July 8, 2025 Token Jump Drives Trading Frenzy Solana’s speedy network helped too. Transactions cleared in seconds, letting traders react without delay. That low‑fee environment amplifies meme coin rallies: when hype hits, people can buy or sell without worrying about high gas costs. In this case, volume spiked from around $120 million to $214 million in under a day. Related Reading: 2% Of All XRP Is In His Hands — But Who Is He? Looking Ahead, Caution Advised Despite the rush, crypto veterans warn that PNUT’s gains could reverse just as fast. Meme tokens lack fundamentals, and hype fades quickly. Traders could face losses if views shift or if Musk moves on to the next joke. For now, Musk’s satirical jab has put Peanut the Squirrel on center stage. Whether PNUT can hold its gains may depend on more viral moments—and on whether investors remember to take profits before the next twist. No ‘Client List’ Meanwhile, according to a memo obtained by Axios, the Justice Department and FBI under US President Donald Trump found no evidence that convicted sex offender Jeffrey Epstein blackmailed powerful individuals, kept a “client list,” or was murdered. Featured image from Meta, chart from TradingView
Crypto exchange Binance was hit with a cease and desist letter by Mark Longo, owner of the internet sensation Peanut the Squirrel, for alleged copyright infringement. PNUT, the popular memecoin inspired by the squirrel, saw a nearly 10% decrease following the news. Related Reading: Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum? Internet Squirrel Becomes Memecoin Sensation On Sunday, Mark Longo, owner of Peanut the Squirrel, announced that his legal team had initiated legal action against crypto exchange Binance. In an X post, Longo, also known as “Peanuts Dad,” accused the exchange of using his intellectual property without authorization. The rescued squirrel became an internet sensation after Longo’s online videos became viral, amassing over half a million followers on Instagram. However, Peanut was seized from Longo’s home alongside a rescued raccoon named Fred. Both animals were euthanized to be tested for rabies, as there are not any approved antemortem rabies testing methods for animals by the Centers for Disease Control and Prevention. Following the news, the public condemned Peanut’s death, with several lawmakers criticizing authorities’ actions. It also sparked a wave of Peanut-inspired memecoins, which resulted in the creation of Solana-based memecoin PNUT. Amid the controversy, the token quickly grew in popularity, hitting a $120 million market capitalization in less than a week. Binance announced the listing of the memecoin on November 11, opening spot trading that same day. After the news, PNUT’s price went on a massive rally, climbing to the top 10 memecoins by market cap. The token achieved the $1 billion milestone in less than a month, reaching a $2.27 billion market cap before retracing. For the past month, PNUT has held above the $1 billion mark, with the price hovering between the $1.80-$1.00 price range. Crypto Exchanges Hit With Cease And Desist Letter According to the letter shared by the animal rights activist, Binance allegedly infringed “the intellectual property rights owned by Mr. Longo.” His legal team argues that the exchange’s use of the copyrighted photograph of Peanut the Squirrel wearing a cowboy hat and the “identical” trademark of “PEANUT THE SQUIRREL and PNUT” in the listed memecoin infringes their client’s “various copyrights and trademarks.” The letter demanded that Binance respond to the letter by December 31st, 2024, to verify the exchange received the letter and “have ceased all infringing activity.” Moreover, Longo revealed in his post that this was the first of multiple cease and desist letters to be issued. PNUT faced a 10.2% dip after the news, falling from the $1.17 level to the $1.05 support in 24 hours. The retrace drove the token near its lowest levels in over a month, worrying investors about the memecoin’s performance. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ It’s worth noting that Longo has previously stated his discontent with the PNUT memecoin, accusing the crypto community of profiting from his late pet. As a protest, the animal rights activist launched a memecoin named Justice for Pnut and Fred (JUSTICE), which faced controversy over insider trading allegations. Longo also promoted another memecoin, Justice for Peanut (JFP), in his warning post, which saw a 159% increase after the publication before losing all its recent gains. At the time of writing, PNUT is trading at $1.10, a 5.1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Mark Longo, known for his viral pet Peanut the Squirrel, has issued a “cease and desist” letter to Binance for the unauthorized use of his intellectual property. On Dec. 16, Longo took to his X account, Squirrel_Dad, to reveal his legal actions while alleging that Binance used images and stories tied to his animals without […]
The post Viral ‘Peanut the Squirrel’ owner battles Binance over billion dollar PNUT memecoin appeared first on CryptoSlate.
The year is ending on a good note for Bitcoin. On December 4 (Wednesday), the cryptocurrency officially crossed the $100K mark. It now stands at $103,449.70. Overall this year the currency witnessed a 130% growth. Experts believe that Donald Trump’s victory in the presidential elections has been a driving force behind this massive surge. Ever since he started campaigning, he made it clear that his administration has some special plans to uplift the crypto market in the US. But Bitcoin’s success isn’t Bitcoin’s alone. It has huge implications for other currencies too. Here are four other currencies that have the potential of 10x gains in the near future. 4 Altcoins That Can Potential Grow By 10X Let’s now look at 4 Altcoins you can think about investing your money in. 1. Wall Street Pepe Wall Street Pepe is a trending crypto project ideal for beginners Its official token is called $WEPE and is inspired by the Pepe the Frog meme. As per expert predictions its value is expected to increase throughout the next couple of years. Right now, $WEPE is in presale and we think it’ll continue to be in presale till the end of December. It is currently priced at $0.000221. By the end of next year, it’s expected to grow by 500%, priced at approximately $0.001094. Now, 2026 is far away and it’s hard to predict its growth by then. But if everything goes well, we can expect another 10x gain. It also offers a respite from the large whale groups that try to control the crypto market. Small traders can benefit from its special tips and market insights that are exclusively reserved for its community members 2. Crypto All-Stars Crypto All-Starts is a trending microcap meme coin and its native tokens are called $STARS. In August this year, it launched its presale which quickly went viral and has now surpassed over $2 million in sales. This is enough proof of its demand and potential. Now speaking of its expected growth, its current average price is $0.0034067. In 2025, it is expected to go through growth of more than 500% and settle at approximately $0.0217182. STARS is the proprietary meme coin of MemeVault, the popular meme NFT trading platform. It runs on the ERC-1155 standard, which allows users to integrate MemeVault into Ethereum-based dApps. 3. POPCAT POPCAT is another popular meme coin that is inspired by the viral cat meme featuring a cat called Oatmeal. It’s a little more expensive than the first two currencies. In October this year, it hit its all-time high value of $1.67 and has since managed to cross the half-a-billion-dollar market cap milestone. POPCAT was first launched in December 2023 but it didn’t gain much traction until March this year. And since then, over a mere 7 months, it has managed to grow by 400% – its current rate is $1.64. At this rate, by the end of December, its rate can go as high as $4.95 (a growth of 200%) and in 2025, it can peak at $9.65, which is a staggering 478% jump from its current value. 4. PNUT PNUT represents Peanut the Squirrel, the beloved internet mascot that was euthanized this October for rabies testing (the result came back negative). This token is a tribute to him. As you can see, this coin is very new to the market. However, since Peanut was popular and the whole incident garnered a lot of controversy, the token quickly became popular. In fact, in less than 48 hours, its market cap crossed the $1 billion mark, the credit for which also goes to it being listed on Binance. Its current trading value is $1.45. By the end of December, if it continues to receive the same level of support from the community, it might reach $2.7 to $3, which is a 106% jump at max. Buy Now It’s evident that all these currencies have a fairly good expected growth rate for the next year. However, if you want the best of the lot, Wall Street Pepe and Crypto All-Stars are the clear choice. They not only have the highest expected growth rate but both of them are cheaper which makes them perfect for small investors.