Spreading Penguin Culture, Earning $2 per 1,000 Views: Would You Take Such a Job?
(Background: Pudgy Penguins NFT CEO: The Social Token Model is the Future of Memecoins)
(Context: The First NFT-Based ETF: Canary Capital Submits PENGU ETF Application, Analysts Criticize: Cryptocurrency ETFs Are a Joke)
With the recent recovery in BTC prices, the Meme coin sector has also seen a resurgence. Among them, the PENGU token, primarily supported by Meme memes and the Pudgy Penguins ecosystem, has recently shown impressive performance. According to OKX, its price rebounded from a low of $0.0037 on April 9 to $0.0134, marking an increase of up to 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 for Pudgy Penguins NFTs has risen to 11.5 ETH, a 20% increase compared to the previous period. The trading volume over the past seven days reached 2,097 ETH, a 242% increase compared to the previous period.
Following the launch of the Abstract mainnet, the PENGU ecosystem has once again experienced a revival. Odaily Planet Daily will summarize recent developments regarding the PENGU token for readers’ reference.
Behind PENGU’s Rebound: Pudgy Penguins’ Alternative Mass Adoption Strategy
The recent price surge of the PENGU token is naturally attributed to the efforts of Pudgy Penguins CEO Luca Netz. On April 25, Luca posted on X platform, inviting highly optimistic supporters of PENGU to leave their ETH wallet addresses in the comments, indicating that the team is preparing some initiatives. He further emphasized, “Leave your Abstract wallet address.” Additionally, he warned, “If your personal page has never mentioned a post about PENGU, don’t comment with your address; it would be a waste of effort.”
Community users speculate that this initiative may be a preparation for early incentives within the Abstract ecosystem or a warm-up for TGE.
Currently, these three posts have garnered an impressive 1.6 million views, reflecting the enthusiasm of the crypto market for the PENGU token ecosystem, supported by the meme-rich IP of Pudgy Penguins.
On April 26, the Pudgy Penguins official account released related tweets in celebration of “World Penguin Day,” which received support from platforms and institutions such as MetaMask, VanEck, Uniswap, Magic Eden, MoonPay, Phantom, Drip, Binance.US, and Gemini.
It must be noted that thanks to the previous achievements of the Pudgy Penguins ecosystem, its adorable IP image, and established relationships within the industry, various crypto asset management institutions, crypto tool platforms, and exchanges have all contributed significantly to the external promotion of the PENGU token and the Pudgy Penguins ecosystem.
Multiple Institutions Celebrate World Penguin Day
Moreover, on April 27, Luca introduced the “ultimate bombshell”—he posted on X platform indicating that users who wish to earn money by discussing PENGU can create UGC (User Generated Content), memes, and X platform posts related to 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, often referred to as the “American version of Knowledge Planet.” The official page shows that over 10,000 creators have earned income through this platform, with an average monthly income of $7,382, and the total transaction volume has surpassed $1.1 billion, having previously completed $17 million in Series A funding in 2023), users can embark on their value-added journey with PENGU.
Luca Calls for “Farming the Sheep”
In this way, PENGU has initiated its Mass Adoption attempt through an alternative approach. According to information from the Whop platform, users can earn cash incentives by creating UGC content, meme images, and X platform posts related to the PENGU token, receiving $2 for every 1,000 views. Thus, Luca has distributed the task of promoting PENGU externally in the form of CPM (Cost Per Mille) to a broad user base, setting an example of “decentralized promotion.”
Whop Platform Information
Previously, Berko, the community leader of Pudgy Penguins, posted that by April 25, Pudgy Penguins-related meme images had achieved 10 billion views. The meme images centered around the Pudgy Penguins IP can naturally attract a group of people who love small animals, dolls, and toys; combined with the UGC incentives currently initiated, the PENGU token and Pudgy Penguins-related images may sweep across content platforms, including X, in the coming period.
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 for Web3 Growth
Among many crypto projects, Pudgy Penguins may be a team well-versed in the growth logic of Web2. Earlier in February this year, we mentioned in a personal interview with Luca that the number of staff in their IP team is more than twice that of their crypto business team. The Pudgy Penguins ecosystem has consistently focused on offline IP, online memes, and Abstract live broadcasts, using Web2 content logic, physical economy, and creator economy to promote brand marketing and token growth.
As the mainstreaming of cryptocurrency accelerates, Pudgy Penguins and the Abstract ecosystem may also benefit from US policy advantages and institutional support in their future development. The future growth of Pudgy Penguins remains promising.
