Mark Longo, the owner of Peanut the squirrel, has launched a new meme coin called JUSTICE. However, investigations have revealed that nearly 80% of the token's supply is controlled by coordinated groups, sparking controversy. Analysts have raised concerns about insider manipulation and the lack of decentralization. The rapid rise of JUSTICE has raised doubts about its legitimacy and the risks for investors. Longo launched the coin as a protest against the PNUT meme coin, which gained significant value after its Binance listing.
- Content Editor ( crypto.news )
- 2024-11-26
Peanut squirrel owner’s JUSTICE meme coin raises concerns over insider control