Pudgy Penguins: The 'Coin,' The 'Price,' & Why We're Still Here.

Alright, so Medicom Toy and Pudgy Penguins are teaming up for a limited-edition BE@RBRICK. Seriously? Is this the best they could come up with? I mean, BE@RBRICKs were cool like, a decade ago. Now it just screams "desperate attempt to stay relevant."

The Penguin Hype Train

Let's be real, Pudgy Penguins had their moment. The NFT craze hit, everyone went nuts for cartoon penguins, and then… crickets. Now they’re trying to claw their way back into the spotlight with… this? It's like watching a washed-up band try to recapture their glory days with a reunion tour no one asked for.

And don't even get me started on the "limited-edition" aspect. Everything's "limited-edition" these days. Scarcity marketing 101. Create artificial demand, jack up the price, and watch the suckers line up. It's the same playbook, different penguin.

PENGU's "Recovery" - Yeah Right

Oh, and speaking of desperation, have you seen the pudgy penguins price predictions floating around? Apparently, some "analysts" think pudgy penguins coin PENGU is about to "rebound sharply" from its oversold levels. Oversold? More like overhyped and then dumped. According to one analysis, Pudgy Penguins (PENGU) Price Prediction: Can Oversold Levels Spark a Sharp Rebound From $0.00122 Support?, PENGU might see a recovery.

They're talking about "bullish divergence" and "key support zones." Give me a break. It's all just technical jargon to sucker in more bagholders. The article says PENGU is sitting on a "major demand zone." A demand zone created by who, exactly? Other people hoping to offload their bags?

And then there's the "organic reach" – apparently, some congressman is using Pudgy Penguins imagery. Okay, so one politician pandering to the crypto crowd is now a sign of widespread adoption? I'm not buying it.

Here's a thought: maybe instead of partnering with toy companies and trying to pump up the pudgy penguins coin, they should focus on, you know, actually building something useful? Something that provides real value, not just fleeting internet hype. Then again, maybe I'm asking too much from a project whose mascot is a cartoon penguin.

Edgen Partnership: More Smoke and Mirrors

And now, pudgy penguins news of a "new phase" in their partnership with Edgen. Edgen+? Sounds like some kind of sketchy online learning platform. Apparently, they're giving PENGU holders "free access" to some "expert plan." Oh, the generosity! According to PENGU gains 10% after Pudgy Penguins’ partnership with Edgen enters new phase, the partnership has already had a positive impact.

Let's translate: "We need to prop up the price of our token, so let's throw in some 'perks' that nobody actually wants." It’s like offering a free toaster with a timeshare – a desperate attempt to sweeten a deal that’s inherently rotten.

The Pudgy Penguins team highlights that "Phase 2 is for the IP believers. The 250K PENGU holders." What they don't say is that those 250K holders are probably underwater on their investment and praying for some kind of miracle.

The daily volume increased by 50%? Offcourse it did, that’s because of the news. But will it last? I highly doubt it.

This Ain't No Fairy Tale