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Title: Elindult a PENGU token, azonban árfolyama órák alatt összeomlott
The PENGU token’s remarkable journey has taken an unexpected turn. Just days ago, the project was making waves in the crypto community with its unprecedented success. However, things took a dramatic turn as the token’s value plummeted within hours.
As reported earlier, there were issues with the token distribution process, resulting in a significant mismatch between requested and received tokens. Pudgy’s creative director, known as “chefgoyardi,” revealed that they only received 100,000 tokens instead of the expected 4.7 million. The team attributed this anomaly to an unprecedented surge in activity on their platform.
Fast-forward to the present, and it appears that the market is having a say in the matter. According to Blur data, the minimum price (floor price) for Pudgy-related NFTs has dropped by over 50% within the past 24 hours. This drastic change has left many wondering if this is just another example of crypto market volatility or something more significant.
As news broke about the token’s sudden drop, speculation began circulating that some enthusiasts had quickly offloaded their PENGU tokens onto the market, contributing to the dramatic price decline. Meanwhile, others are theorizing that the unexpected airdrop rumors might be the root cause of this downturn.
In other news, the NFT market has been abuzz with activity, as the top three collections have generated approximately 18,000 ETH in trading volume over the past day alone, translating to around $72 million USD. One notable exception is the second most popular collection, Azuki, which recorded a paltry 3,000 ETH in trades – just one-sixth of Pudgy’s staggering figure.
The question on everyone’s mind now remains: will this trend continue? Or has the market simply overreacted to the sudden news?
For those holding onto their PENGU tokens, it appears that patience might be the best approach. There are rumors circulating about potential additional airdrops from Abstract and OpenSea, which could significantly impact the token’s value.
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Source: www.bitcoinbazis.hu
