Penguins

Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week

The team now cites stalled growth, thin trading markets, limited institutional activity and a small decentralized-finance market among its reasons for closing. “Even after losing 8 figures, we could have launched a token or pursued an ICO. Ultimately we decided against this,” Netz wrote on… Read More

Pudgy Penguins rally coincides with token unlock as analyst flags exit liquidity risk

6 months ago by Crypto InsightsCrypto

Pudgy Penguins’ recent rally may be a breakout driven by ecosystem momentum. This move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in… Read More