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PENGU token drops 90% from ATH to a $405m market cap as Pudgy Party shuts within a year of launch
PENGU is down 90% from its all-time high, with a $405m market cap and no fee accrual or governance rights, and its Pudgy Party game has been shut less than a year after launch. The project previously sold millions of toys at Walmart and Target, recorded 430b+ views across platforms, and secured partnerships with DreamWorks and Manchester City, but the article argues physical distribution did not translate into token demand. BIRBS rose 62% the same day, but is described as following the same model—an Ethereum “blue chip” NFT paired with a Solana token positioned as a “social currency” without a value-capture mechanism. The comparison has raised broader questions about the sustainability of similar NFT-linked tokens.
PENGU
PENGU-1.53%
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7-2
World of Elements reports first month milestone in MMO buildout
World of Elements creator Frank said the game has completed a working MMO foundation after one month of development, outlining systems such as login, PvP, parties, trading, chat, navigation and a daily dungeon with crypto-reward withdrawals. The update followed GrantShares’ approval of 1,200 GAS in funding, giving the project 180day runway to deliver multiplayer features, deeper Neo N3 integration and Neo X support. Next, the team plans wallet-based login, on-chain asset deposits and withdrawals, NFT trading for rare items, and spending GAS on cosmetic items. The Neo N3-based game’s multiplayer test server is already live.
NEO
NEO-0.15%
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7-2
Tokenized Trading Card Gachas Blow Past $300M in June
2026年6月,链上交易卡扭蛋(gacha)类应用的总消费额突破3亿美元,创下该品类历史单月新高,且为连续第四个月刷新纪录。该数据来自链上支付与NFT铸造/开盒行为统计,代表用户实际资金流入NFT+游戏融合场景。M和ATH均为文中明确列出的符号候选,其中M为某主流Tokenized Trading Card平台原生代币,ATH疑似关联Gacha基础设施或生态激励代币,二者在BingX平台可交易。事件不涉及监管变动或技术故障,属正向生态指标释放。
M
M+23.38%
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