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Pudgy Penguinsโ recent rally may be a breakout driven by ecosystem momentum.
Pudgy Penguinsโ recent rally may be a breakout driven by ecosystem momentum . This move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in the market, for large holders to sell following a mid-April token unlock. "The news around the Pengu Card, PenguBot, and other ecosystem updates are secondary narratives at best," Park told CoinDesk. "The real story is the large token unlock that happened roughly 10 days ago." The Pudgy Penguins team did
