Pengu’s price is showing signs of topping off, it is the long -term condition of Desipite Animoka on its IP -cris.
Summary
- Pudi Penguin Rali is showing symptoms of topping.
- From the end of July, Pengu saw an increase of about 500%.
- Animoka brands argue for a rapid case for pengu beyond the brand crypto.
Pudi Penguin (Pengu) Rali is indicating a recession despite many long -term fast devils. On Friday, August 1, a wider market, amidst the recession, the price of Pengu was 7%below. Nevertheless, it comes after a major Rali, as a Census late shells, the price of Pengu has increased by about 500%, the largest solana-band (soul) memecoin has been beaten as Bonak (Bonak) as Memcoin.
Rali was powered by a variety of factors, which consisted of widely faster markets. In particular, an ETF filing by Canary Capital and a strange report by the Enemoka brands. In its 28 reports, Animoka Brands Reservation presented a bullet thesis for Pengu, which emphasizes its usefulness beyond Crypto.
Animoka publishes fast thesis on Pengu
The Enemoka Brands Reservation mentioned that Pudi Penguin has tapped in a market that extends beyond crypto-origin users. No, the project has sold more than 1 million physical toys through partnership with major retailers such as Walmart, Amazon and Target. These retail sales produced $ 13.4 million in revenue between May 2023 and May 2024.
These sales also have services in the form of a major honorp for non-crypto original inhabitants. The company releases NFTs with every toy purchase, which looks at more than 860,000 users. Significantly, 86% “Forever Pudi” NFT holders did not have any former web 3 experiences.
The presence of Pudi Penguins beyond the Crypto-Mool community is also receiving traction in tractional finance. On 4 June, Canary Capital filed for Canary Pengu ETF, which provides exposure to investors for memecoin through a traditional financial product. Nevertheless, the filing criticized, Finnish Times ETF correspondent Steve Johnson called it a “finishical abomination”.