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Reading: Pudgy Penguins PENGU token crashes at launch alongside NFTs
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Michigan Post > Blog > Crypto & Web 3 > Pudgy Penguins PENGU token crashes at launch alongside NFTs
Crypto & Web 3

Pudgy Penguins PENGU token crashes at launch alongside NFTs

By Editorial Board Published December 17, 2024 3 Min Read
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Pudgy Penguins PENGU token crashes at launch alongside NFTs

The launch of Pudgy Penguins’ PENGU token is off to a less-than-ideal begin, with crypto wallets flagging the claims web site as “dangerous” and claimants complaining that they’re lacking tokens. 

Pudgy Penguins NFT holders had been supposed to have the ability to declare their share of 88 billion PENGU tokens beginning as we speak.

Nevertheless, some have reported they’re lacking a portion of their claims. Crypto influencer Nick O’Neill shared a screenshot exhibiting he claimed 573,092 tokens however says he solely acquired 7,940. Others mentioned that they had been lacking as a lot as half of their allocation.

As well as, crypto pockets agency MetaMask is flagging the Pudgy Penguins declare web site as a possible risk which will steal your belongings. Not solely that, however based on Pudgy’s inventive chief, ‘chefgoyardi,’ the web site is experiencing DDOS points after getting over 4.7 million hits and receiving 100,000 claims.

It seems that some points stem from Solana and its transaction limits. Based on the founding father of Clusters, the claims are being damaged down into a number of transactions for among the bigger PENGU claims. 

They mentioned, “Amount shown vs amount claimed is not a discrepancy, just refresh the page and it’ll show what you already claimed & what remains to be claimed.” 

Pudgy’s inventive chief and security program supervisor, ‘Beau,’ reminded customers experiencing difficulties that they’ve 88 days to say their tokens and that they’ll at all times wait. Chefgoyardi has since posted that the “claim amount discrepancy/wallet connectivity issues are nearly patched.” 

Pudgy Penguins buying and selling as if the one motive it went up is as a result of everybody was making an attempt to get the airdrop, and now that the ultimate exit liquidity occasion is over there is no such thing as a motive to carry a ineffective jpeg anymore pic.twitter.com/6zTbigwVhJ

— Wazz (@WazzCrypto) December 17, 2024
A chart reflecting the ground value of Pudgy Penguins NFTs.

The ground value of Pudgy Penguins NFTs has dropped by over 50% following as we speak’s occasions. Wallets linked to early PENGU buyers are already promoting massive quantities with one pockets promoting 176 million tokens price over $9 million. 

Based on CoinGecko, the value of PENGU was $0.06845 earlier as we speak however has now dropped to $0.03116 — a 54% lower in value.

TAGGED:crasheslaunchNFTSPENGUPenguinsPudgytoken
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