Pudgy Penguins activity on Blur and OpenSea has significantly rebounded, with multiple large transactions of 4-5.8 ETH occurring consecutively.
Several factors are driving this trend. On one hand, the anticipation of a new memecoin launchpad around the Base ecosystem has sparked some enthusiasm; on the other hand, the project's own brand appeal is playing a bigger role.
Interestingly, this upward trend doesn't resemble the mindless speculation typical of past NFT markets — there are clear driving reasons behind it, rather than pure emotional fluctuations. This relatively rational pace of growth actually indicates that the project's fundamentals are coming into play.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
LiquidityNinja
· 9h ago
Penguins are active again, and this time it seems to be truly logical.
Base memecoin is expected to boost brand power; the dual drive really makes a difference.
Finally, it's no longer just a pure emotional market; it's quite interesting.
It's rare to see the NFT market remain rational.
An increase in large transactions indicates that someone truly believes in the project's fundamentals.
View OriginalReply0
AirdropHarvester
· 9h ago
The penguin has pulled again, and this time it seems to have real logic behind it.
It's actually the anticipation of the Base memecoin driving the surge.
Finally seeing a rational upward trend, this feels right.
Large transactions keep happening; brand effect makes a real difference.
I believe it's not just hype; the fundamentals are actually speaking.
View OriginalReply0
MoodFollowsPrice
· 9h ago
It looks like the penguin is back to life again, this time not just pure hype.
The Base ecosystem really has the potential to grow this time.
This round is different, with logic and fundamentals, much more reliable than those foolish explosive rises before.
But it still depends on how long it can last; once the memecoin trend passes,
View OriginalReply0
SandwichDetector
· 10h ago
The penguin has finally come to life. This time, it doesn't seem like pure hype.
The Base memecoin project is definitely attracting attention.
Wait, orders of 4-5.8E are being placed consecutively... Who's behind the hype?
Brand appeal? Projects with strong risk resistance are indeed different.
But I still want to see how long it can last, and not become just an emotional game again.
View OriginalReply0
GasFeeCrybaby
· 10h ago
Uh... another wave of penguin hype? Every time they say there's logic, but it turns out to be just follow-the-trend trading again.
That memecoin launchpad on Base has my ears ringing; if it were really profitable, they'd have already made a fortune.
Fundamentals? It just feels like the brand side is stirring up trouble.
Once it breaks $4, I'm scared I'll have to cut my losses. Let's see how long this wave can last.
By the way, who is really hoarding penguins? Just come out and tell the truth.
View OriginalReply0
AltcoinMarathoner
· 10h ago
ngl, pudgy penguins hitting those 4-5.8 eth floor prices feels different this time. not the usual degen chaos we've seen before... actual fundamentals showing up to the party?
Pudgy Penguins activity on Blur and OpenSea has significantly rebounded, with multiple large transactions of 4-5.8 ETH occurring consecutively.
Several factors are driving this trend. On one hand, the anticipation of a new memecoin launchpad around the Base ecosystem has sparked some enthusiasm; on the other hand, the project's own brand appeal is playing a bigger role.
Interestingly, this upward trend doesn't resemble the mindless speculation typical of past NFT markets — there are clear driving reasons behind it, rather than pure emotional fluctuations. This relatively rational pace of growth actually indicates that the project's fundamentals are coming into play.