SHELL SHOCKED: GeezOnApe Community Snaps Up Entire $PNutz Presale In Under A Minute!
- Kyle
- Aug 19
- 2 min read
The Geez went nuts for $PNutz this afternoon as the community aped in and bought up the entire presale supply of the ecosystem’s utility token in just a minute!
The peanut gallery was left empty handed after the Geez community ate up all 100,000 $PNutz at a price of 1 $APE each almost instantly. No Mickey Mouse!
After the near instantaneous sellout, Rida appeared on the GeezOnApe “Presale for $PNutz” Space hosted by Amp to talk all things nuts, revealing that 108 unique wallets participated, and that it sold out so quickly that he didn’t even get any himself!
“We did not expect this,” Rida said. “We thought that 100,000 $Ape was too much for ApeChain. We are just getting started. I am bullish, I am back to being bullish. I thought there was a fuck up and someone botted it, but it was not botted.”
Tuesday’s sellout comes just a day after Rida shared the $PNutz whitepaper on the timeline and announced that Geez would get priority access.
As the Bored Ape Gazette previously reported $PNutz will power everything from games and gambling to the metaverse and DeFi in the GeezOnApe ecosystem; and its all backed by cold hard GeezOnApe NFTs.
In total, $PNutz will have a supply of 5,500,000 tokens. Each Geez NFT will be worth 1,000 $PNutz and vice versa. Community members will soon be able to swap between $PNutz and GeezOnApe NFTs via a platform called Geez Bank.
“Geez Bank operates like an ETF vault. Each time a Geez NFT is deposited into the vault, 1,000 PNutz are minted,” the team wrote. “When any Geez NFT is redeemed, 1,000 PNutz are burned, ensuring every PNutz in circulation is fully backed 1:1 by Geez NFTs.”
Looking ahead, $PNutz trading will go live on Camelot, Ape Express, and Case.Fun on August 21st.
The Geez Bank will also open on the 21st as well, according to Rida.
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