PENGU is about to stage a sharp advance from here. The chart is coiling up and looks ready to send it.If you still haven't acquired your 88,888+
PENGU bag to get the multiplier for the Abstract Chain airdrop, you might as well do it now before it costs a lot more. The airdrop isn't a direct handout; holding the tokens gives you an XP boost, so you've still got to get on-chain and play the game, but it's a critical edge. Most users minted 6 badges, if you can mint more, you're ahead of the pack, still quite under-farmed in my opinion.Just recently, we got news about progress on a
PENGU ETF listing. This is a massive development and could seriously add fuel to the fire as well.Abstract Chain stats are looking solid. The chain is already pulling in over $30M in TVL and doing nearly $6M in daily volume. People are actively using it, and dapps are generating real revenue.
For example, the highly successful scratch card game, Gacha, pulled in over 1.6mm in fees so far.
It just makes sense. Look at Robinhood launching their own L2 with Arbitrum tech. If you have an app with a real user base, you own the chain. The Pudgy Penguins team is a force of nature when it comes to real-world adoption and building a brand people love. They've already managed to attract a bunch of interesting apps that are bringing in solid numbers. It's a smart play by a team that knows how to win.
The whole setup looks incredibly bullish and with Ethereum's trend turning bullish vs
BTC and 
USDT, these are the plays that have my attention. Don't sleep on this one.Best of luck!
Cheers,
Ivan Labrie.
Trade active
Face melting rally so far, observe the volume patterns in my indicator, green bars show strong days with higher volume and bigger range than the preceding range, the more of these, the merrier for us.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.