A penguin-themed Web3 project just hit a major milestone—$284m in tokens unlock today as 41% of the circulating supply enters linear distribution mode. Here's the thing though: despite this catalyst, the token's trading down 62% from its $0.0097 peak. Not exactly the vibe you'd expect when the project's got tangible revenue streams running—think toy sales hitting shelves nationwide and their gaming platform racking up a million downloads. The market clearly isn't convinced yet. Interesting move yesterday: a whale dropped $1m in support at the $0.01 level, betting on a floor. Whether that holds when fresh tokens flood the market is the real question everyone's watching.
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MidsommarWallet
· 12-18 04:35
Whales are throwing 1 million at 0.01. Is this bottom fishing or fleeing? The Penguin project has real income from toy sales and over a million downloads, so it shouldn't be performing this poorly.
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P2ENotWorking
· 12-17 20:52
This Penguin project is really outrageous. With real cash income sources, it still drops like this? The market just isn't buying it.
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GateUser-00be86fc
· 12-17 20:46
This project is indeed a bit awkward. It has real revenue but is still falling, and it seems the market simply doesn't buy it.
A penguin-themed Web3 project just hit a major milestone—$284m in tokens unlock today as 41% of the circulating supply enters linear distribution mode. Here's the thing though: despite this catalyst, the token's trading down 62% from its $0.0097 peak. Not exactly the vibe you'd expect when the project's got tangible revenue streams running—think toy sales hitting shelves nationwide and their gaming platform racking up a million downloads. The market clearly isn't convinced yet. Interesting move yesterday: a whale dropped $1m in support at the $0.01 level, betting on a floor. Whether that holds when fresh tokens flood the market is the real question everyone's watching.