Longo accused the PNUT community of profiting from Peanut the squirrel’s story, claiming they were using his pet’s inheritance for financial gain without his permission. In response, Longo decided to launch his own coin, JUSTICE, in protest.

The story of Peanut the Squirrel had a great impact with a decision taken by the New York State Department of Environmental Conservation (DEC) a while ago and the events that followed.

The raccoon named Peanut and Fred were taken from Longo’s home in October 2023, and DEC agents took these animals for violating state laws prohibiting keeping wild animals in the home.

However, although Longo claimed that the animals were released into the wild, his home was raided by DEC officials on October 30 after Peanut appeared in his social media posts.

Following this pressure, both animals were killed on November 1 because Peanut bit an officer. In this incident, animals were killed out of concern that Peanut was rabid, but later tests revealed that none of them were rabid.

Peanut’s murder and DEC’s actions were met with widespread backlash. This incident became even more trending when Elon Musk supported Peanut on Twitter, and the squirrel became a symbol of freedom and excessive government intervention.

The crypto community, inspired by Peanut’s popularity on the internet, launched a meme coin called Peanut the Squirrel.

This token quickly gained value after being listed on the Binance exchange, but soon started losing value.

Critics suggested that this might have been a typical pump-and-dump scheme.

Longo criticized this situation and stated that he was the person who should profit from Peanut’s story. He emphasized that the community profited from using this story without his permission and did not compensate him for it. At this point, Longo’s reaction became even harsher and he decided to launch his own coin.

Longo, who launched the new token called JUSTICE, aimed to maintain control with this token and prevent Peanut’s story from being misused. The JUSTICE token quickly gained attention, increasing by more than 50,000% within 24 hours, reaching a market cap of $13 million.

The JUSTICE token launched by Longo did not remain just as a protest, but began to gain an important place in the crypto community. The rapidly rising value of the token demonstrates the effectiveness of Longo’s move to control Peanut’s story for his own benefit.

However, after Peanut’s story and the launch of this coin, the movement initiated by Longo brought new discussions in the crypto world.

Longo’s decisions raised questions such as how digital assets should be managed in the crypto world, how to protect the content owned by users, and also how to use this content for financial gain.

Peanut’s tragic event actually taught important lessons about how content producers, their stories and digital assets should be protected in the digital world.