PUTTING THEIR FLIPPER DOWN: Mysterious Wallet Purchases 116 Pudgy Penguins Since Abstract Announced It Was Shutting Down!

The Huddle is waddling back as a mysterious wallet that many suspect to be owned by the Pudgy Penguins team swoops in and sends the collection's floor price soaring!

On Sunday, wallet 0xb972c97213a47bf58fe2cce28eb3e2f65c842f97 purchased 79 Pudgy Penguins.

 

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Following today's massive sweep, wallet 0xb972c972 now holds 116 fat flightless birds at the time of this article's publication, with another 41 ETH, or roughly $105,000 USD, waiting in the wings and potentially ready to deploy.

 

 

While the Pudgy Penguins team has not confirmed that this is their wallet, the timing of its purchases has led many to think it is, considering when the purchases began.

 

As the Gazette prevously reported, the Pudgy Penguins’ affiliated blockchain Abstract announced on October 6th that it was shutting down this December.

 

“I think the huge focus for us is concentrating the focus, and focusing on the things that have been a huge net positive for the space which I think Pudgy Penguins and $Pengu is,” Luca Netz said on an impromptu Space after the announcment. “As people who want to be here for a very long time, I think this was the right decision. It’s time to lean in and go back to our roots and return to penguin.”

 

Shortly after the Abstract announcement, Wallet 0xb972c972  received 373 Eth or $1 million USD and began purchasing Pudgy Penguins.

Tonight the floor on Pudgy Penguins is sitting at 2.798 Eth or $7,069 USD.

 

Whether this mysterious wallet belongs to the Pudgy Penguins team or an anonymous whale remains to be seen. But one thing is certain, someone is putting their flipper down and making a floor for these fat flightless birds.

The Gazette will continue to follow wallet 0xb972c972 and let you know if it purchases more Pudgy Penguins. Stay tuned for updates!