Two months ago, Pudgy Penguins rang the bell at Nasdaq. Major institutions, including Coinbase and VanEck, even changed their profile pictures for it. It seems that for the little penguin, spreading its IP more widely has become the main development line of one of the few surviving NFT projects in this circle. On August 30th, Pudgy Penguins' new game, Pudgy Party, launched on major mobile game stores, further gamifying its IP. According to analysis by some international KOLs, the game briefly reached the top 10 free games charts after its release.
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$SOL needs to break $250 on the weekly, not interested in buying until then. Ideally $ETH attracts all flows in September, with SOL ETFs and DATs launching late October for a perfect rotation and and potential grand finale to end the cycle.
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No wonder everyone’s reducing positions and selling! Turns out, even though $BTC and $ETH are still in an overall bull trend, the market has moved into a high-level distribution phase. Prices are hitting new short-term highs, but the buy-sell delta is dropping, aggressive buying is weakening, and the OI/market cap ratio is showing a bearish divergence. Bulls are still in control, but the momentum could shift from a unilateral pump to high-level consolidation and local corrections. #BTC #ETH
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