Prix de PenguianaPENGU

#PENGUUSDT UPDATE PENGU has formed a descending triangle pattern and is currently trading within a key horizontal demand zone. The price is gaining momentum as buyers step in at this crucial support level. If the support holds, a bounce is expected, potentially leading to a reversal in price action. This level is critical for determining the next move, as a breakdown could invalidate bullish expectations. A breakout from the descending triangle pattern could trigger a strong bullish rally, attracting more buyers and pushing the price higher. Traders should watch for confirmation signals to gauge the strength of the breakout.🚀

I picked up a few airdrops this cycle: • TIA • STRK • BLAST • ZK • ODOS • PENGU • IP TIA ended up being the highest in $ value for me but only because I found out I qualified when the price was already above $20. Talk about timing, right? 😅 I also scored a guaranteed…

buy pengu 🚀now 0.010 an be patience 🚀 don't invest all mony in one time thanks friends🌹

Author: flowie, ChainCatcher As the crypto community wails, many "legacy" projects born in the last two cycles are announcing their token launches one after another. Last night, OpenSea announced the launch of the $SEA token, followed by Doodles, which also announced the launch of the $DOOD token on Solana. This comes after the likes of Pudgy Penguins and Azuki, as two more NFT leaders join the token issuance frenzy. Not only in the NFT space, but also in the privacy projects that were popular in the last cycle but have almost disappeared in 2024, it seems that they are also trying to extend their lives through token issuance. Last night, Aztec Network, an Ethereum privacy layer backed by investment giants like a16z and Paradigm, established a foundation, possibly in preparation for an upcoming TGE. Pudgy Penguins, which issued tokens when they were ignored, saw their NFT floor price soar from 11 ETH to 35 ETH due to extremely high yield expectations from community players, with the opening FDV of their token PENGU exceeding $6 billion at its peak. Following the demonstration effect of Pudgy Penguins' token issuance, many blue-chip NFTs have collectively announced their token launches. However, compared to Pudgy Penguins, other NFTs that followed suit seem to have not garnered as much attention, and their NFT and token popularity is far below that of Pudgy Penguins. In mid-January, another blue-chip NFT, Azuki, announced the launch of the ANIME token. While the NFTs within the Azuki ecosystem saw some recovery, the price increases were generally modest, far from the gains of Pudgy Penguins. The Azuki series NFTs saw a daily increase of 17.42%, while other related series NFTs did not show significant rises. In December last year, after Doodles NFT founder Burnt Toast hinted at a token issuance in a tweet, the floor price of Doodles surged in a short time, breaking above 8 ETH before falling back to 6.7 ETH, marking a nearly 60% increase within 24 hours. After the official token announcement this morning, as of the time of writing, the Doodles NFT floor price remains at 4.449 ETH. Once the leading NFT platform, OpenSea, received mixed reactions from the community after revealing its token issuance news. During the NFT boom in 2021, OpenSea raised funds aggressively, with its valuation soaring to $13 billion. While the community actively traded in anticipation of airdrops, OpenSea insisted on pursuing an IPO route, facing backlash from the community. Now that the NFT market has cooled down, OpenSea is following Pudgy Penguins in issuing tokens without having achieved an IPO. In response, crypto KOL @BroLenoAus criticized, "This is OpenSea's last harvest before it turns into a zombie, essentially a death struggle," stating that after receiving the OpenSea airdrop, he would firmly choose to short it. Additionally, the newly launched platform OpenSea 2.0 (OS2), which was prepared for the TGE, has limited free access during the private testing phase to only Gemesis NFT holders, while other users must join a waiting list, causing dissatisfaction among community members who feel it favors early users and neglects the existing user base. However, @ElvisPoldark believes there is a positive side, suggesting that the new features of OpenSea 2.0, leveraged by the token issuance, may provide a new experience and compete with rivals like Blur. For instance, OpenSea 2.0 offers a one-stop service for NFTs and tokens, allowing users to purchase NFTs and tokens across multiple blockchains without manual bridging. Currently, more details about the airdrops and TGE for Doodles and OpenSea have yet to be finalized, and whether they can gain user support remains uncertain. Learning from the experiences of Pudgy Penguins and Trump tokens, "token issuance" may become a lifeline for old projects rather than reinventing the narrative. However, these former leaders backed by VC giants are facing significant bottlenecks and trust crises in their own businesses. OpenSea, once the largest NFT trading platform, peaked at a monthly trading volume of $5 billion in early 2021. However, according to Dune Analytics, its NFT trading volume last month was approximately $190 million, less than 4% of its peak. Faced with challenges from competitors like Blur and Magic Eden, OpenSea's market share has dropped from 90% in 2022 to around 30%. OpenSea is also facing regulatory compliance challenges. Meanwhile, the floor price of Doodles has fallen from a high of 25 ETH to 4.449 ETH. During the previous bear market, Doodles attempted to save itself by selling IP and related products, but the results have been minimal. As a star project in Ethereum privacy, Aztec Network raised over $100 million in four rounds of financing, with top investment teams like a16z, Paradigm, Coinbase Ventures, and HashKey Capital participating. However, after raising $100 million, Aztec Network suddenly announced a business transformation in March 2023, shutting down its DeFi privacy bridge project Aztec Connect and focusing on two new main products: a general-purpose development language Noir that supports zero-knowledge proofs and a new privacy blockchain. Facing the transformation and the delayed airdrop, community users have expressed disappointment towards Aztec, and since then, the project has not made significant progress or impact. Currently, in a market lacking liquidity and innovative models, where market attention is no longer easily captured by old narratives and VC tokens, it is a significant challenge for old narratives and projects that have lost some trust to attempt to reverse their fortunes through token issuance.

Doodles is launching its own Solana-based token, DOOD, with plans to eventually bridge it to the Layer 2 platform, Base. The token’s total supply will be capped at 10 billion, with the majority allocated to the Doodles community and an ecosystem fund. The popular NFT brand Doodles is expanding its presence with the launch of DOOD, a Solana-based token. The total supply of the token is set at 10 billion, with 30% reserved for the Doodles community, 25% for the ecosystem fund, 17% for the Doodles team, 13% for "new blood," 10% for liquidity, and 5% allocated to the company. This move signals the brand's continued push into the digital economy, with plans to bridge the token to Base, a Layer 2 network incubated by Coinbase. The DOOD token launch follows the trend set by other prominent NFT brands like Pudgy Penguins , which recently introduced its token, PENGU, with a supply of 88.8 billion on Solana. Doodles, originally launched as a collection of 10,000 collectible NFT artworks, has grown significantly and now engages in animation, music, and high-profile partnerships, including collaborations with global brands such as McDonald’s. The $DOOD token aims to empower the Doodles community by allocating a significant portion of the supply to its fans. With 68% of the tokens going directly to the community, Doodles emphasizes its commitment to decentralization and fan engagement. Only 5% will go to the company, 10% will be used for liquidity, and 17% will be retained by the team to further develop the ecosystem. Doodles’ impressive rise in the entertainment industry, with billions of views on its animations and music and partnerships with major brands, reflects the growing influence of the project. The launch of the $DOOD token marks a pivotal step in Doodles’ mission to build a lasting movement, leveraging its global community and expanding digital economy. Since the announcement of the $DOOD token, the floor price of the Doodles NFT collection has surged by 12.4%, signaling a rise in excitement and interest surrounding the brand. The anticipation for the token is driving more collectors and investors to engage with the Doodles ecosystem, further elevating the value of Doodles NFTs. As the token launch progresses, Doodles is poised to push the boundaries of decentralized engagement, offering fans new ways to participate and influence the future of the brand. The $DOOD token is set to become a cornerstone of this new era in the NFT and entertainment space.