# Pudgy Penguins' Moonshot

*Author: Bankless*
*Published: Jul 29, 2024*
*Source: https://www.bankless.com/es/pudgy-penguins-moonshot*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Frame-50567--7--1.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=pudgy-penguins-blue-chip-nft&email=true)

  

Pudgy Penguins' Moonshot
    
  

  
  Published on July 29, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Cartesi**](https://www.bankless.com/sponsor/cartesi-1713304933?ref=pudgy-penguins-blue-chip-nft&email=true) — build app-specific rollups with Web2 tooling without the constraints of Web3!

[Visit cartesi.io to Learn More](https://www.bankless.com/sponsor/cartesi-1713304933?ref=pudgy-penguins-blue-chip-nft&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Bitcoin 2024 Wraps
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-14--18-.png)](https://www.bankless.com/dashboard)- 🟠 **Bitcoin 2024 concludes in Nashville. **Big political figures made big Bitcoin promises at the year's biggest Bitcoin conference.
[*Read more on Bankless.com*](https://www.bankless.com/bitcoin-2024-conference-concludes)
- 🐳** Whale voter dominates Compound.** The crypto lending protocol has a whale-sized governance problem after its DAO passed a controversial proposal this weekend.
[*Read more on Bankless.com*](https://www.bankless.com/compound-dao-whale-voter)
- 🎓** University of Wyoming creates Bitcoin research center.** The new UW Bitcoin Research Institute, or BRI, is aimed at producing high-quality publications about the OG blockchain.
[*Read more on Bankless.com*](https://www.bankless.com/wyoming-bitcoin-research-institute)
[](https://www.bankless.com/uniswap-extension-browser)

.  .  .

 
  
    

    MARKET VIBES

  
  

    US BTC Dump?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot:** After nearly touching $70k this weekend thanks to Bitcoin 2024 excitement, the BTC price dropped below $67k today, with the market spooked after the U.S. government transferred $2 billion worth of BTC seized from the Silk Road marketplace, presumably to sell the holdings. 

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.41t
       

  
    
    ↘ 0.3%
    
  

   
    
    ↘ 2.0%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $67,227.85
       

  
    
    ↘ 1.3%
    
  

   
    
    ↘ 1.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,317.63
       

  
    
    ↗ 1.6%
    
  

   
    
    ↘ 4.8%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/5692.png)
    

  **COMP**
   
          $47.80
       

  
    
    ↘ 3.7%
    
  

   
    
    ↘ 7.3%
    
  

  

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🔒**New Token Rating: Compound** Crypto lending protocol Compound was victimized by a perceived governance exploit this weekend. What implications does this incident yield for COMP?

[Unlock COMP on Token Hub](https://www.bankless.com/tools/token-hub/compound)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
How Pudgy Penguins Became a Blue-Chip NFT Project
  
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-29T113435.482-2.png)](https://www.bankless.com/pudgy-penguins-blue-chip-nft)**Penguins are notably earthbound creatures. However, the Pudgy Penguin NFT collection is held back by no such constraint.**

Indeed, the Penguins are on a moonshot not seen since the 2021 NFT craze. Holders have received airdrops worth thousands of dollars from other projects, a strategic partnership with Walmart continues to pay normie dividends, and with Abstract, their own L2, more fun is coming. 

Though as some of you will recall, things were not always this way!

*That said, let's dive in and explore how the Pudgy Penguins have mounted the biggest comeback the NFT space has ever seen *👇

[Read the Full Analysis](https://www.bankless.com/pudgy-penguins-blue-chip-nft)
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