PANews reported on November 26 that according to Decrypt, Mark Longo, the owner of the internet celebrity squirrel Peanut and raccoon Fred, told the story of how he dealt with Peanut and Fred in a Twitter video, and decided to launch a new token called "Justice for Pnut and Fred" (JUSTICE for short) on the Solana blockchain to commemorate his pets. Longo said: "The government will not get away with this. Justice will be served, not only for Peanut and Fred... We will show the world that crossing the line is unacceptable."

He also accused the crypto community of profiting from his personal trauma. “The crypto world took advantage of my tragedy and made every possible profit out of it,” Longo insisted, describing it as “one of the most painful things” in his life. “People want to make money off of this,” he claimed. After condemning the crypto community for allegedly profiting off the incident, Longo went on to announce that he would be launching a new token. “This is the only token that I will be associated with forever,” Longo said. PNUT community members countered that they had donated about $50,000 to Longo, but he immediately sold it.

At the time of writing, JUSTICE has a market cap of approximately $42.1 million and over 15,800 holders, according to Solscan data. The token was minted using the Pump.fun platform.

Later news came out that 80% of the supply of JUSTICE tokens issued by the owner of the internet celebrity squirrel Peanut was suspected to be controlled by an internal team .

Related reading: The market value of MEME coin Pnut once exceeded 100 million yuan. The death of Peanut, a popular squirrel supported by Musk, triggered a political movement in the United States