Based on information from Robinhood’s official sources, these three new tokens will be accessible to investors starting March 13, 2025. These listings reflect Robinhood’s ongoing strategy to diversify its range of crypto assets. The focus on entertainment and community-driven projects highlights the platform’s goal of offering users a broader variety of investment opportunities.

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Details of the Listed Cryptocurrencies

• Pudgy Penguins (PENGU): The PENGU token is tied to the widely recognized Pudgy Penguins NFT project, which has garnered significant attention from the crypto community. Robinhood’s listing is expected to further boost interest in the project.

• Peanut the Squirrel (PNUT): Known for its humorous approach and community-driven structure, PNUT stands out among the new generation of meme coin projects. The Robinhood listing is anticipated to introduce the token to a larger investor audience.

• Popcat (POPCAT): Inspired by a viral internet meme, the Popcat project offers a playful and entertaining ecosystem through the POPCAT token. Robinhood’s listing could increase the token’s visibility and adoption.

Robinhood’s latest listings may spark renewed interest in meme coins and NFT-focused tokens. As PENGU, PNUT, and POPCAT become accessible to a broader group of investors, a potential increase in trading volumes could follow.

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Critical Support Levels for PNUT

At the current price range, the FVG support is a key threshold. If this level is breached downward, the next significant support point will be $0.175. Losing this level as well could push the price lower, where the bullish FVG in the lower region would act as the next support. In this scenario, selling pressure could increase, making it more likely for PNUT to test even lower levels.

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On the upside, the first resistance level is the bearish FVG located just above the current price level. If this resistance is cleared, the $0.25 zone will once again become a key target. Breaking above this threshold could pave the way for the next major resistance range at $0.306 – $0.325. At these levels, the strength of buyers will be crucial in determining whether the uptrend can continue.

Overall, the $0.175 support and $0.25 resistance play a crucial role in PNUT’s price action. Investors should closely monitor these levels and adjust their trading strategies accordingly.

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Technical Analysis: Key Levels for Pnut

On the hourly timeframe, indicators show a positive outlook. The narrowing of the Bollinger Bands (BB) suggests that a volatile move may be imminent. Additionally, the price has reached support, and indicators are currently emitting bullish signals. However, from a broader perspective, there are some risk factors to consider.

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A significant liquidity pool has accumulated at the $0.58 level in the lower region. This increases the likelihood of the price being drawn toward this level. If liquidity is targeted, a short-term pullback may occur. Moreover, the potential for the price to fill gaps in the lower regions is another critical factor that investors should watch closely. For this reason, entering a position at the current levels carries notable risk.

Target Levels and Position Management

In the target region, it’s important to consider the upward potential of the price. Position management, including profit-taking strategies, should account for the market’s dynamic nature. Additionally, the possibility of prices reaching higher levels shouldn’t be overlooked.

In summary, while the current support level offers a short-term positive outlook, it also carries risks. The $0.58 level holds critical importance, and waiting for a pullback to this level may provide a more secure strategy. Tracking price movements in the target region is essential for effectively managing positions.

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Mark Longo, the owner of Peanut the Squirrel, sent a cease-and-desist letter to Binance over intellectual property infringement.

Longo claimed that Binance used his “Peanut the Squirrel” trademark and mascot likeness without permission to promote the PNUT-themed memecoin.

Longo stated that he has been using the PNUT brand for educational and animal welfare initiatives since 2017. The letter demands that Binance immediately stop using the PNUT brand and mascot likeness, with a legal threat including penalties of up to $150,000 per infringement.

This case raises an important issue regarding intellectual property rights in the crypto space, where memecoins and viral branding blur legal boundaries.

Binance has not yet publicly responded to the allegations. Legal experts note that this case could set a precedent for intellectual property rights in the memecoin market.

Longo’s related tweet:

Mark Longo: My legal team initiated action against Binance for the unauthorized use of my intellectual property, including images and stories featuring my beloved animals. This is the first of multiple cease and desist letters to be issued. I’m committed to protecting my creative work and sending a clear message: unauthorized use of my IP will not be tolerated. $JFP – WE WILL GET JUSTICE

Details of Allegations

According to Longo’s legal team, the infringements include the unauthorized use of the terms “PEANUT THE SQUIRREL” and “PNUT,” as well as a specific copyrighted image of the squirrel mascot.

The letter claims that Binance’s PNUT-themed cryptocurrency and branding, which mirrors the mascot’s likeness, create confusion among consumers and imply a connection or endorsement not authorized by Longo.

The cease-and-desist letter states that Binance’s actions violate the United States Copyright Act and constitute the unlawful reproduction and display of the protected intellectual property.

PNUT Memecoin and Market Impact

Longo’s letter and public announcement coincided with the rapid rise of the PNUT memecoin, which gained popularity following a viral event at the end of October.

Despite the tragic nature of the story behind the memecoin, the event led to the sudden appearance of multiple versions of Peanut the Squirrel-themed memecoins in the crypto market.

Two Peanut-themed memecoins made it into the top 10 tokens on Dexscreener’s 24-hour charts, while the PNUT token reached a market capitalization of up to $2.25 billion on November 14.

Next Steps and Legal Implications

The public cease-and-desist letter demands that Binance end all infringing activities by December 31 and provide written confirmation of compliance.

If the crypto exchange fails to adhere to Longo’s legal demands, the creator of Peanut the Squirrel could seek injunctive relief, damages, and coverage of attorney fees in a U.S. court.

Major exchanges, including Coinbase and Kraken, are reportedly considering listing PNUT, which could escalate the issue further.

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Solana DApps Shine Amid Memecoin Frenzy

On November 17, Solana’s Raydium, an automated market maker, generated a record $11.31 million in fees. Similarly, the liquid staking protocol Jito recorded its third-highest daily fee earnings at $9.87 million. Memecoin-focused platforms also joined the surge, with pump.fun, a memecoin launchpad, netting $1.65 million in fees, marking its seventh-highest earning day.

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Additionally, Photon, a Telegram trading bot tailored for Solana-based memecoins, saw its fifth-highest daily fees at $2.36 million.

This spike in activity coincides with SOL, Solana’s native token, reaching a peak of $242, its highest price since November 2021. The Peanut (PNUT) memecoin, inspired by a squirrel mascot, skyrocketed over 2700% in two weeks, hitting a valuation of $2.4 billion on November 14. Notably, Elon Musk’s repeated mentions of Peanut on X amplified its popularity.

Key Milestones for Memecoins on Solana

The largest Solana memecoin, Dogwifhat (WIF), was recently listed on Coinbase, spiking to a six-month high of $4.19 on November 15. Meanwhile, the creation of the U.S. Department of Government Efficiency, with an abbreviation matching Dogecoin’s DOGE ticker, spurred additional gains for DOGE, which surged 140% over the past two weeks.

Currently trading at $234, SOL is within 8.5% of its all-time high of $259 set in November 2021. However, its market capitalization, now at $112 billion, has grown 44% from the previous peak of $77 billion. This growth aligns with Solana’s inflationary mechanism, rewarding stakers with newly minted SOL.

At present, Solana’s inflation rate is 4.9% and is programmed to decrease by 15% annually, according to SolanaCompass data.

As Solana solidifies its position in the blockchain space, the combination of high-performance DApps, a memecoin resurgence, and SOL’s market momentum underscores the network’s dynamic growth. The coming months may further illuminate Solana’s potential in the ever-evolving cryptocurrency landscape.

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Additionally, Trading Bot services for these new trading pairs will go live simultaneously. Through Spot Algo Orders, users will have the opportunity to automate their trading on these pairs. This feature can offer significant advantages for investors looking to capitalize on rapid market opportunities in the volatile cryptocurrency market.

While these new trading pairs will be available to all Binance users, access may be restricted in certain countries due to legal regulations. For example, trading on these pairs will not be available to users in the United States, Canada, North Korea, Iran, Syria, and the Netherlands. To trade on these new pairs, users must complete the identity verification process.

With a growing trading volume and expanding list of trading pairs, Binance aims to provide its users with more opportunities. However, users are encouraged to refer to the original English announcement for the most accurate information in case of any discrepancies in translations.

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Two New Altcoins Are Coming!

Binance revealed that it will list the altcoins “Act I: The AI Prophecy (ACT)” and “Peanut the Squirrel (PNUT).” Following this announcement, ACT surged approximately 8-fold, while PNUT saw a roughly 2-fold increase in value. These two memecoins on the Solana network will start trading on Binance at 05:00 a.m. time on November 12, 2024.

Binance Will List These Two Altcoins with the “Seed” Tag

Binance also announced that ACT and PNUT will be listed with the “Seed” tag. The Seed tag is a marking system developed for innovative projects that carry high risk and volatility. Previously known as the Innovation Zone, this area is now referred to as the Seed Tag to help users more clearly identify high-risk projects.

Projects with the Seed Tag are typically early-stage cryptocurrencies that may have significant volatility and risk. Such projects can experience highly fluctuating trading volumes and price movements, making it crucial for investors to make informed decisions. The Seed Tag aims to inform investors about these types of risks.

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Following Peanut’s death, social media users began supporting memecoin projects to show their affection for him. This event, which went viral on platforms like Twitter and Reddit, sparked both sadness and excitement within the community. Crypto enthusiasts swiftly embraced the tokens created in his memory, and the value of these tokens rose rapidly.

Peanut-themed memecoins stand out due to their low transaction fees and fast processing times on the Solana network. Analysts note that while these types of memecoins may offer high short-term returns, they also carry substantial risk. Investors are advised to exercise caution, especially as crypto projects that gain popularity on social media can experience rapid gains as well as losses in value.

This event sparked outrage, with figures like billionaire Elon Musk criticizing the government, calling it ‘mindless’ and ‘heartless.’

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Peanut-Themed Memecoins Launched

The DeFi data tracking platform Dexscreener shows that many Peanut-themed memecoins have been launched on the Solana network. Additionally, two Peanut-themed memecoins have made it into the top 10 tokens in Dexscreener’s 24-hour rankings.

A token called “Peanut the Squirrel” (PNUT), created two days ago, reached nearly $300 million in volume and recorded over 200,000 transactions. The token currently has a market capitalization of $100 million, having peaked at $120 million before experiencing a correction.

A similar memecoin was also launched on the BNB Smart Chain, reaching a market cap of $80 million while recording a volume exceeding $110 million.

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Currently, a significant political topic in the U.S. revolves around the decision to euthanize a domesticated squirrel named “Peanut,” which has been deemed wild by authorities. Supporters of Donald Trump are blaming this situation on the Biden and Kamala Harris administration. In light of this event, Musk has been making frequent comments.

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An interesting aspect of the situation is the emergence of a new memecoin called “Pnut,” inspired by the squirrel named “Peanut.” Musk referred to the squirrel as “Pnut,” which led to a sudden increase in the value of the memecoin.

According to data provided by Arkham, it was found that a crypto whale purchased $95,400 worth of Pnut yesterday. However, this investor did not sell even after experiencing nearly a 50% loss in the value of their tokens within a short period. Following Musk‘s mention of Pnut, the value of the whale’s holdings surged to $1.3 million.

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