Grumpy Cat Limited, the official owners of the famous frowning moggy, have issued a cease-and-desist NFT letter to the $GrumpyCat memecoin, claiming that it violates their intellectual property rights.
The @RealGrumpyCat account, which has more than 1.5m followers, posted the formal statement on their Twitter today.
The tweet follows Contessoto’s claim that the intellectual property concerns had been resolved.
They state: “To All Cryptocurrency traders holding or considering buying $GRUMPYCAT:
Grumpy Cat Limited (GCL) is the legal owner of all Grumpy Cat related intellectual properties.
“All such offerings being endorsed by @ProTheDoge (SlumDoge Millionaire) and their cohorts are unauthorized, continue to infringe GCL’s intellectual property rights, and are yet further desperate, sad attempt to scam unwitting traders.
“Do not be fooled by these scammers or their lies. No legal issues have been resolved. GCL will never approve such scam coins.
“Any representations by these persons attempting to promote these coins remain scams and lies. Don’t be victimized. Don’t enrich scammers and intellectual property
The real Grumpy Cat
In case you’ve been living under a rock, Grumpy Cat (4 April 2012 – 14 May 2019) AKA Tardar Sauce is still probably the internet’s most famous cat.
At the height of her fame, Grumpy Cat had more than eight million followers on Facebook, 2.6m Instagram followers, 1.5m Twitter followers, and 283,000 YouTube subscribers.
Grumpy Cat (GRUMPYCAT) has been a popular token in since joining #memeseason earlier this month. It reached an all-time high of $0.00000003318 on 17 May. It uses a deflationary tokenomics model, with a 385,730,661,000,000 circulating supply and total supply of 420,690,000,000,000 tokens – about 92%.
According to its whitepaper: “Built on the Ethereum blockchain, $GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises”
At the time of writing, the price of GRUMPYCAT is trading at $0.00000001295 – up 8.13% in the past 24 hours, but 60.97% down from its ATH.
It’s currently ranked at number 2,939 according to CoinMarketCap.