Also very tired of the $PENGU airdrop takes
Do you know how many people spent that airdrop 5-10x over using Abstract?
How many people lost 5-6 & even some 7 figs believing in the ecosystem and development of the Project
How many people held the airdrop & saw it go down 90%
BTW
This further just proves how mediocre the Abstract Team was
How do you full on launch an L2 and get your community involved if you don’t have your tokenomics and TGE settled and ready?
They winged the whole thing while stringing the community along
Replying to @husker_eth
Project Quantum: list a token on NASDAQ or NYSE trading 1:1 with crypto markets. Blockers: banks won't underwrite something given free to a community, underwriting was quoted at $15-20M with no guarantee, and enterprise MOUs needed 6-12 months to go live.
I foresaw Abstract closing a long time ago due to this
Bad Hirings, no follow through, always trying to fix things many months after they were a problem
Not valuing their own Community, not valuing the money + time people were putting in
No real leader
It was a mess
$1M and 1 Failed PR stunt later.
There is strong support at 0.
This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.
Wanted to support this OG project that’s bringing happiness to many. The Huddle will stay strong.
Return to Pudgy Penguins.
Yeah it’s lights out on Pudgy Penguins for a little bit me thinks … 70 penguins underwater, 172 on auction. Floor dip below 2.35 and this jumps to 136 pengs underwater.
It’s one thing to be aligned on pudgy penguins being the main focus moving forward but winding down abstract doesn’t come without a cost to entire brand sentiment
Funny thing is
I legit told everyone in AOB this daily
Both about Abstract and about Luca/Pudgy team
Many many many months ago on basically every VC we had
They mostly thought I was crazy & being negative
Ha
If you support Pudgy Penguins after this
You’re just a ding dong
I got a bridge to sell you to Antarctica
Listen Luca doesn’t give a fuck about the Pudgy Penguin NFT nor does he give a fuck about Pengu
Wake up
He’s transitioning to Retail/Web 2 so he can IPO Igloo and retire both him and his people
Until then, they’re just going to act like he cares
You don’t have them enough
Just mentioned no rewards for XP
The rest of the talk is them trying to get people feel sympathetic for them
You don’t hate these people enough
As a community we spent millions of dollars and countless hours on chain
Truly diabolical
This is the pudgy Penguin team


















