"Despite a steep decline in its token price, the Pudgy Penguins ecosystem has secured a high-profile advertising placement at the Las Vegas Sphere. Pudgy Penguins, a crypto-native brand that began as a popular NFT collection, has since expanded into consumer products, licensing, and digital entertainment. Its memetoken PENGU was launched on Dec. 17, 2024. Pudgy Penguins announced on Dec. 13 that it had locked in an advertising slot at the Sphere, a venue widely viewed as one of the most prominent digital billboards in the world. The placement is reportedly valued at around $500,000 and is scheduled to begin on Dec. 24, running for several days."
"Pudgy Penguin's meme token PENGU has struggled alongside broader crypto market volatility. The token reached an all-time high of $0.0684 earlier this year but has since fallen sharply. According to CoinGecko data, PENGU is down roughly 66% over the past year, including a 75% drop over the past three months. Over the past seven days alone, the token declined more than 21%. At the time of reporting, PENGU was trading near $0.00945, down about 6% over 24 hours."
Pudgy Penguins secured a prominent advertising slot at the Las Vegas Sphere valued at about $500,000, scheduled to begin on Dec. 24 for several days. The brand originated as an 8,888-piece NFT collection and has expanded into consumer products, licensing, and digital entertainment, launching its memetoken PENGU on Dec. 17, 2024. PENGU has experienced steep declines amid crypto volatility, plunging roughly 66% over the past year and about 75% over three months, with recent weekly drops exceeding 21%. A prior meme token campaign for a Sphere ad, dogwifhat, raised funds but did not finalize an agreement.
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