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Wednesday, December 18, 2024

Pudgy Penguins PENGU token crashes at launch alongside NFTs

Crypto & NFTsPudgy 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 right now.

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 obtained 7,940. Others stated 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 that will steal your belongings. Not solely that, however in accordance with Pudgy’s artistic 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 stated, “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 artistic chief and security program supervisor, ‘Beau,’ reminded customers experiencing difficulties that they’ve 88 days to assert their tokens and that they will 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 isn’t any 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 right now’s occasions. Wallets linked to early PENGU buyers are already promoting giant quantities with one pockets promoting 176 million tokens price over $9 million. 

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

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