Pudgy Penguins price

I love Pudgy but the same thing I told everyone was the problem over a year ago on the run up might be worse now. Most people pumped the Pudgy floor by sweeping on loans. Then they took the money from loans on top of those and bought $PENGU. The issue is these loans were in ETH and ETH was $1500-2000. So now that they are getting called the price to pay these back in most cases is over 200% of what they borrowed. Some got $PENGU gains to offset it and some don’t. It’s a zero sum game here but paying them back now gets much riskier to longevity. Not sure if someone comes in and saves it like last time but would assume we see more dips here from Pudgies and from $PENGU to solve this. Best project in the space but like last time when it happened… this is just math… except this time it’s a deeper hole. 150 that got called of 631 and as the 150 expire expect another 200+ triggered. Great for those giving loans as they got high APRs to collect AND most got a 200-300% bonus on ETH value in USD. Good week to be the banks

I was just chatting with a friend about @infinex, and I mentioned that I remembered seeing them promote their TVL, which seemed to be over 500 million dollars. As soon as I said that, we both started to feel that number was unreasonable. As a heavy user of the product, I know its core value is just a place for arbitrageurs to make money, so where does that much capital come from? It's higher than @Backpack and @Lighter_xyz, does that make sense? So I used @Surf_Copilot to search, and sure enough, they included NFT staking in their calculations, with Patron NFTs accounting for 87.6% of the TVL. Worried that AI might be hallucinating, I followed the source in the COT to verify the data on their official website, and indeed, the facts were as such: there aren't many coins, it's all NFTs. From this incident, we can make a few bold guesses: 1. The so-called TGE is likely just NFTs turning into coins, then airdropping some to the original holders and users, and then capturing liquidity on a few exchanges. 2. This way, it instantly becomes a platform with user assets of 500 million dollars, and the valuation looks better. 3. However, after users who receive the airdrop dump their tokens for U on the platform, how much capital will be willing to stay? I guess not much. After all, it's just a money transfer platform. 4. So to prevent the money from running away too quickly, during the TGE, the corresponding shares of NFTs should not be fully unlocked; they should be released gradually. 5. Once NFTs turn into coins, the original method of user tiering will also change to be based on the amount of coins held, with 1 million $PATRON needed to obtain VIP status.

Ape see blur have most NFT liquidations, ape think blur worst platform Penguin see blur have most NFT liquidations, penguin know it’s the best platform