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PENGU is the official token of the Pudgy Penguins NFT series and will be launched on the Solana blockchain by the end of 2024. Pudgy Penguins is an NFT project featuring 8,888 unique penguin images, initially released on Ethereum, and has now become the second-largest NFT project by market capitalization. The launch of PENGU aims to expand the community, attract new users, and is planned for deployment on multiple blockchains. The total token supply is 88,888,888,888, allocated to the community, liquidity pools, project team, and others. Solana was chosen to reach a new audience and leverage its fast transactions and low-cost advantages. Summary generated by Mars AI This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.
If signs of seller exhaustion begin to appear, a short-term move towards $95,000 and the short-term holder cost basis is still possible.
The focus will now shift to building MPC tools and providing support for developers, driving the creation of more native UTXO applications on Solana.
As cryptocurrencies transition from idealism to mainstream finance, participants need to be wary of the sunk cost effect and soberly assess whether they are still striving for a worthwhile future.
Once attention forms a measurable and allocatable structure on-chain, it establishes the foundation for being converted into an asset.
Seventeen insights about the future summarized by several partners at a16z.