There are only 7300 of these and yet some big owners still do not own one.
The supply shock plus the meme value will send these between 5-10 ETH.
For those saying it is impossible, just look at NFTs giga sending on SOL right now.
Once the attention shifts back the digital fishing poles will be the hottest commodity on ETH.
IYKYK
The initial run up over the weekend was fueled by blend loans. That wash out reset them and there are currently no loans underwater. The retest of the old ATH at 7.5 was frontrun and I don’t think we see a meaningful amount of time under double digit ETH anymore. As the fat flightless birds approach apes you will start to see more FOMO and would be shocked if #theflappening doesn’t happen within a few weeks.
🐧
To every person who’s represented the Pudgy Penguin as their PFP, contributed to building around the IP, and to every member who’s helped create an ecosystem and culture that people are proud to be a part of, I just want to say thank you.
The greatness of the Pudgy Penguin has been predestined since mint, and anybody with a knack for culture and community could see that. Yet, through every narrative possible, they tried to defeat us. Unfortunately for them, Penguins do not fold, and we do not falter.
Our takeover was not a democratic process, but together, we turned our fate around. I believe a Web3 company is defined not by the technology it uses, but by the nature in which you build. I’ve been a strong advocate that to succeed, our team would have to be the muscle to the brain that is constructed around our NFT holders. It’s this hive-mind approach that has been the driving factor in our success and why I believe we are all responsible for where we are today.
Today, the Pudgy Penguins brand is driven around a purpose that has been defined around solving 2 problems:
Problem 1: Web3 has a serious branding/top of the funnel problem.
Problem 2: Web3 has a extreme distribution problem.
Today, I can say confidently, that we are leading the charge in solving these 2 issues and our success in solving these problems has inspired other projects to do the same. You may not see it today, but as I look into the future, I see this snowball effect changing our industry forever.
The Pudgy Penguins' success is not just our success, it’s everyone who believes in Web3s success.
Though the belief around the Penguin has never been stronger, it is important to realize that we are far from where we want to be. We must remain steadfast as we continue our mission to onboard the masses.
The story we’re telling here is the thesis of Web3 personified, and though we’ve helped shepard this story, we are not responsible for it. You are.
I am excited to end this year with some more amazing moments and show the world in 2024 what Penguins can really do.