PNUT

Peanut the Squirrel (PNUT) increases by 22% over the past 24

The crypto market is bouncing back after a recent decline. The total market cap has risen to $2.95 trillion. However, the 24-hour trading volume has dropped by 22% to $144 billion. Despite this, many altcoins are gaining strength. The memecoin sector has also seen a significant recovery, with its market cap increasing by 6% to $58.20 billion. One standout performer is Peanut the Squirrel (PNUT), a memecoin based on Solana.

Owner of Peanut the Squirrel sues Binance over alleged IP violations

Mark Longo, who owns Peanut the Squirrel, is suing Binance. He claims the crypto exchange used images and stories of Peanut without his permission. Longo says this legal action is part of a bigger plan to protect his creative works, and he intends to send more cease-and-desist letters. The market value of the Peanut the Squirrel (PNUT) token has stayed mostly stable, showing that the lawsuit hasn’t had much effect.