Pudgy Penguins funding came from four different rug pulls
𝕏/@horlomite •
Revision history
2 recorded changes
Want your article here?
Promote with Leviathan NewsAn X user has alleged that the Pudgy Penguins brand’s growth and/or meme‑coin activity were financed by capital originating from four separate rug-pull style projects, tying into the collection’s controversial early history and the broader pattern of opaque funding sources in NFT and memecoin ecosystems. The claim is framed in the context of prior scandals around Pudgy Penguins’ original founders and the later emergence of PENGU as a speculative token associated with the brand.
AI-generated background, compiled from web sources — not editorial content.
More coverage
- Pudgy Penguins: The Rise, Fall, and Redemption of an NFT Collection (nftnow.com)
- Pudgy Penguins NFT project founders apparently try to make off with ... (web3isgoinggreat.com)
- Pudgy Penguins: Funding, Team & Investors | Startup Intros (startupintros.com)
- What Is Pudgy Penguins (PENGU)? - Crypto.com (crypto.com)
- Can $1000 Become $200000 in 2024 or Is It a Crypto Scam? (openexo.com)
Explore the topic
More on Rug
Corezcat and GameStopfun rug pulls drain $93K through external balanceOf logic
𝕏/@HashDit ·
South Korea indicts CATFI crew in first DEX rug pull arrest case after $260K profit, $600K losses
digitalasset.works ·
Authorities freeze $41M in crypto tied to $150M BG Wealth Sharing Ponzi, as Binance, Tether, and OKX help track and halt laundering linked to alleged rug pull
CoinTelegraph ·
Analyst expose alleged Turkey-based crypto scam group behind multiple rug pulls across Solana, Base and Avax, linking identities and upcoming projects
𝕏/@AresSprout ·
MetaDAO introduces Futarchy-based ICOs where investors trade on governance decisions, aiming to align incentives and prevent common crypto rug pulls
𝕏/@NoahNewfield ·
Memecoins proved attention has value, but structured AttentionFi platforms now offer cleaner price discovery without insider dumps or rug risk.
𝕏 ·
Corezcat and GameStopfun rug pulls drain $93K through external balanceOf logic
𝕏/@HashDit ·
South Korea indicts CATFI crew in first DEX rug pull arrest case after $260K profit, $600K losses
digitalasset.works ·
Authorities freeze $41M in crypto tied to $150M BG Wealth Sharing Ponzi, as Binance, Tether, and OKX help track and halt laundering linked to alleged rug pull
CoinTelegraph ·
Analyst expose alleged Turkey-based crypto scam group behind multiple rug pulls across Solana, Base and Avax, linking identities and upcoming projects
𝕏/@AresSprout ·
MetaDAO introduces Futarchy-based ICOs where investors trade on governance decisions, aiming to align incentives and prevent common crypto rug pulls
𝕏/@NoahNewfield ·
Memecoins proved attention has value, but structured AttentionFi platforms now offer cleaner price discovery without insider dumps or rug risk.
𝕏 ·