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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.
No industry has always been right from the beginning, until it truly changes the world.
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.
Why is RMP not equivalent to QE?
- 18:34Data: If ETH falls below $2,950, the cumulative long liquidation intensity on major CEXs will reach $854 millions.According to ChainCatcher, citing data from Coinglass, if ETH falls below $2,950, the cumulative long liquidation volume on major CEXs will reach $854 millions. Conversely, if ETH breaks above $3,257, the cumulative short liquidation volume on major CEXs will reach $632 millions.
- 18:27Data: Total net inflow of US spot Solana ETF reaches $674 millionJinse Finance reported that despite the decline in SOL prices and the overall weakness in the crypto market, the US spot Solana ETF has recorded net inflows for seven consecutive days. According to data from investment management firm Farside Investors, Tuesday marked the highest single-day inflow during the seven-day period, with approximately $16.6 million flowing into the SOL ETF. Farside's data shows that as of press time, the total net inflow into the SOL ETF has reached $674 million.
- 17:51Data: Ethereum staking rate reaches 27.93%, Lido market share at 24.74%According to Jinse Finance, data from Dune Analytics shows that the total amount of ETH staked on the Ethereum Beacon Chain has reached 34,676,830 ETH, accounting for 27.93% of the total ETH supply. Among them, the share of staked ETH through the liquid staking protocol Lido is 24.74%. In addition, since the Shanghai upgrade, there has been a net inflow of 16,511,352 ETH.