Spreading Penguin Culture, Earn $2 for Every 1,000 Views—Would You Take This Offer?
(Background: Pudgy Penguins NFT CEO: The social token model is the future of Memecoin)
(Context: The first NFT-based ETF, Canary Capital, has submitted an application for the PENGU ETF, with analysts criticizing cryptocurrency ETFs as a joke)
With the price of BTC recovering, the Meme coin space has also seen a resurgence. Among them, the PENGU token, primarily supported by meme images and the Pudgy Penguins ecosystem, has recently performed remarkably well—OKX data shows that it rebounded from a low of $0.0037 on April 9 to $0.0134, a staggering increase of 360%.
As of the time of writing, PENGU is reported at $0.0124, with a 24-hour increase of 31.43%; additionally, the floor price of Pudgy Penguins NFTs has risen to 11.5 ETH, a growth of 20% compared to the previous period; over the past week, the trading volume reached 2,097 ETH, a 242% increase.
After the launch of the Abstract mainnet, the PENGU ecosystem has experienced a second spring. Odaily Planet Daily will organize recent developments regarding the PENGU token for the readers’ reference.
The Behind-the-Scenes of PENGU’s Rebound: An Alternative Mass Adoption Strategy by Pudgy Penguins
The recent surge in the price of PENGU tokens is naturally attributed to the vigorous promotion by Pudgy Penguins CEO Luca Netz.
On April 25, Luca posted on the X platform, inviting PENGU’s enthusiastic supporters to leave their ETH wallet addresses in the comments, stating that the team was preparing something. He further emphasized, “Leave your Abstract wallet address.” Additionally, he warned, “If your personal page has not mentioned PENGU in any posts, do not comment your address; it is futile.”
Community users speculate that this move might be preparing for early incentives in the Abstract ecosystem or a TGE warm-up.
Currently, these three posts have garnered an impressive 1.6 million views, illustrating the passion for the PENGU token ecosystem within the crypto market, supported by the meme-rich IP of Pudgy Penguins.
On April 26, the official Pudgy Penguins account released relevant tweets in celebration of “World Penguin Day,” which received supportive responses from platforms and institutions such as MetaMask, VanEck, Uniswap, Magic Eden, MoonPay, Phantom, Drip, Binance.US, and Gemini.
It must be said that thanks to the previous excellent performance of the Pudgy Penguins ecosystem, its adorable IP image, and established relationships within the industry, various crypto asset management institutions, crypto tool platforms, and crypto exchanges have all contributed significantly to the external promotion of the PENGU token and the Pudgy Penguins ecosystem.
Celebrating World Penguin Day Together
Moreover, on April 27, Luca introduced the “ultimate bombshell”—he announced on the X platform that users who want to earn money by discussing PENGU can create UGC, memes, and posts on the X platform about PENGU to receive rewards. By registering on the Whop platform (noted by Odaily Planet Daily: this platform is a digital goods trading market serving the creator economy, known as the “American version of Knowledge Planet.” The official page indicates that over 10,000 creators have earned income through this platform, averaging $7,382 per month, with a trading volume exceeding $1.1 billion, and it completed a $17 million Series A financing in 2023), users can embark on a value-adding journey with PENGU.
Luca Calls for “Harvesting the Wool”
In this way, PENGU has initiated its Mass Adoption attempt through an alternative approach.
PENGU’s Alternative Empowerment: UGC Creator Economy, Earn $2 for Every 1,000 Views
According to information from the Whop platform, users can receive cash incentives by creating UGC content related to the PENGU token, memes, and posts on the X platform, earning $2 for every 1,000 views. This way, Luca has distributed the task of promoting PENGU to a broad audience in the form of CPM, exemplifying “decentralized communication.”
Whop Platform Information
Previously, Berko, the community manager of Pudgy Penguins, stated that as of April 25, Pudgy Penguins-related memes had garnered 10 billion views. Memes centered around the Pudgy Penguins IP can naturally attract a group of people who love small animals, dolls, and toys; combined with the current UGC incentive launch, the PENGU token and Pudgy Penguins-related images may sweep across content platforms, including X, in the near future.
This move may further boost the price of the PENGU token and attract mainstream attention to Pudgy Penguins and the Abstract ecosystem.
Conclusion: Pudgy Penguins is Using Web2 Logic to Drive Web3 Growth
Among numerous crypto projects, Pudgy Penguins may be a team well-versed in the growth logic of Web2. In a personal interview with Luca earlier this year in February, we mentioned that the number of people in their IP team is more than twice that of their crypto business team. The Pudgy Penguins ecosystem has always focused on offline IP, online memes, Abstract live streaming, and other key areas, using Web2 content logic, physical economy, and creator economy to enhance brand marketing and token growth.
As the mainstreaming of cryptocurrency accelerates further, as an American crypto company, PENGU and the Abstract ecosystem may also enjoy the benefits of U.S. policy and institutional support in their future development, making the future of Pudgy Penguins worth looking forward to.
