'Walmart's Toy Coin Aims for a Spot on the Las Vegas Sphere'
Pudgy Penguins Advertising Placement: Despite a significant drop in its token price, Pudgy Penguins has secured a $500,000 advertising slot at the Las Vegas Sphere, set to begin on December 24, 2024.
Token Performance: The PENGU token has experienced a steep decline, down approximately 66% over the past year and 75% in the last three months, trading near $0.00945 at the time of reporting.
Expansion Beyond NFTs: Originally launched as an NFT collection, Pudgy Penguins has expanded into consumer products and licensing, partnering with major retailers like Walmart and brands such as Pez and Care Bears.
NFT Collection Decline: The floor price of Pudgy Penguins NFTs has fallen about 87% from its all-time high, reflecting the broader struggles of the NFT market alongside the PENGU token's performance.
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