The "(ノ ￣ー￣ )ノ" emote is commonly known as the "Big Hug" emote, and is often used to express a virtual hug or embrace. The two raised arms with open hands represent the action of hugging someone tightly, while the closed eyes and slightly tilted head convey warmth and affection. It is widely used in online communication, particularly on social media platforms and messaging apps, to show support, comfort, or appreciation for someone.