The unpredictable world of Pudgy Penguins has taken yet another surprising turn. Luca Netz, a non-fungible entrepreneur, has led a group of investors in a 750 ETH acquisition of the troubled NFT collection. In old money, that’s a whopping $2.5 million.
The cute ice-dwelling critters, formerly the darlings of the PFP scene, haven’t had it easy. As a result, a swift fall from favour resulted in a Discord mutiny, which resulted in the removal of the project’s original creators. As a result of the subsequent wave of uncertainty, token prices have plummeted, leaving the collection in shambles.
The blizzard has passed, and the snow is settling. The Huddle has shown its resilience. It's time to waddle to the promised land.
We’re ready to announce the worst kept secret in Web3. Our next chapter has begun: new team, new roadmap, new heights.
— Pudgy Penguins (@pudgypenguins) April 3, 2022
Luca Netz and his crew, on the other hand, have arrived to save the day, with plans to sail the good ship Pudgy Penguin into calmer waters. Despite the fact that the project is still in its early stages, the new team has already hinted at Penguin-themed tangible toys, airdrops, and a lucrative retail deal, as well as the long-rumored $PENGU utility coin.
Pudgy Penguins has noticed a rise in activity as a result of the announcement. As a result, they’ve climbed back up to a more reasonable 3 ETH (10k) floor after recovering from their 0.5 ETH lows. Nobody knows what will happen next in the Pudgy Penguins tale. The only certainty is that these Antarctic animals haven’t been heard from yet.
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