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I didn't expect Pudgy Penguins to spend half a million dollars on advertising at the Las Vegas Sphere. But it turns out, that's the standard price for this venue. Interestingly, the project is trying to go far beyond the crypto community — it used to be just NFT penguins, and now there are physical toys and a browser game called Pudgy World.
Pudgy Penguins, if you don't know, was very successful back in 2021 with those 8,888 illustrated NFTs. They launched a holiday campaign at the end of the year with multi-day animation. Their plans are ambitious — they want to launch their token PENGU on Solana.
It's just unclear why the token's price has fallen recently. Maybe it's just market fluctuations, or something more? What do you think, is it a good strategy — to spend such a sum on mass marketing?