Crypto firms ditch Pudgy Penguin PFPs 24h after promo push
The post Crypto firms ditch Pudgy Penguin PFPs 24h after promo push appeared on BitcoinEthereumNews.com. Major crypto companies are already dropping the Pudgy Penguin profile pictures (PFPs) that they adopted over the weekend as bitcoin (BTC) continues to hit record-breaking highs. X user Phin_Erin noted that Pudgy Penguin PFPs from Coinbase and Opensea were dropped 24 hours after they were uploaded. The quick rebrand was part of a coordinated push from Pudgy Penguins and various crypto firms to promote the NFT firm this weekend. The likes of Binance.US, Polkadot, and Justin Sun joined the fray (Polkadot has also dropped the penguin PFP). However, the limelight was taken away from the Penguin-themed project when BTC continued to break all-time-high prices on its way to $122,000 this week. Read more: Bitcoin hits $122K but onchain activity sinks to multi-year low Phin_Erin’s observation appeared to have upset various NFT holders, mainly Bored Apes holders, who called for an end to “PVP stuff.” Pudgy Penguin’s CEO, Lucas Netz, also blocked Phin_Erin afterwards. Regardless, the initiative saw the NFTs increase in price. According to CoinGecko, the floor price rose by 35%, from highs of 10.98 ether (ETH) on Friday to 14.86 ETH (~$45,000) today. The price of its PENGU token also rose 34% from highs of $0.023 on Friday to $0.031 on Sunday. BTC, on the other hand, rose by 3.6% from a high of $118,502 on Friday to $122,780 on Sunday. Its market cap is now over $2.4 trillion and has surpassed Amazon’s market cap. Pudgy Penguins’ big collab didn’t break out of crypto circles Pudgy Penguins is doing everything it can, branding-wise, to grow its IP and become bigger than Disney while claiming to be the mascot of crypto. It uses books, a cartoon YouTube series, Walmart plushies, arcade machines, and a mobile game that’s a knock-off of the already popular Fall Guys, in an attempt to seemingly…
The post Crypto firms ditch Pudgy Penguin PFPs 24h after promo push appeared on BitcoinEthereumNews.com.
Major crypto companies are already dropping the Pudgy Penguin profile pictures (PFPs) that they adopted over the weekend as bitcoin (BTC) continues to hit record-breaking highs. X user Phin_Erin noted that Pudgy Penguin PFPs from Coinbase and Opensea were dropped 24 hours after they were uploaded. The quick rebrand was part of a coordinated push from Pudgy Penguins and various crypto firms to promote the NFT firm this weekend. The likes of Binance.US, Polkadot, and Justin Sun joined the fray (Polkadot has also dropped the penguin PFP). However, the limelight was taken away from the Penguin-themed project when BTC continued to break all-time-high prices on its way to $122,000 this week. Read more: Bitcoin hits $122K but onchain activity sinks to multi-year low Phin_Erin’s observation appeared to have upset various NFT holders, mainly Bored Apes holders, who called for an end to “PVP stuff.” Pudgy Penguin’s CEO, Lucas Netz, also blocked Phin_Erin afterwards. Regardless, the initiative saw the NFTs increase in price. According to CoinGecko, the floor price rose by 35%, from highs of 10.98 ether (ETH) on Friday to 14.86 ETH (~$45,000) today. The price of its PENGU token also rose 34% from highs of $0.023 on Friday to $0.031 on Sunday. BTC, on the other hand, rose by 3.6% from a high of $118,502 on Friday to $122,780 on Sunday. Its market cap is now over $2.4 trillion and has surpassed Amazon’s market cap. Pudgy Penguins’ big collab didn’t break out of crypto circles Pudgy Penguins is doing everything it can, branding-wise, to grow its IP and become bigger than Disney while claiming to be the mascot of crypto. It uses books, a cartoon YouTube series, Walmart plushies, arcade machines, and a mobile game that’s a knock-off of the already popular Fall Guys, in an attempt to seemingly…
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