FRC

Pudgy Penguins don't have a penguin problem. They have a @LucaNetz problem. And the floor price is getting FUCKING UGLY. Remember December 2024? Pudgy Penguins reached an ATH floor of roughly 36 ETH. TODAY? ~2 ETH floor Down over 94% from its peak in ETH Down ~25% in the last 30 days alone And people are STILL pretending everything is fine? 🤡 Let's get something straight. I have NOTHING against Pudgy Penguins holders. I WANT your Penguins to succeed. I WANT to see them return to their 2024 highs. But how exactly do you expect investors to regain confidence when the person leading the brand is facing serious questions about accountability? Abstract was sold as the future of consumer crypto. Hundreds of millions of transactions. Developers building entire businesses. Communities investing their time, money, and trust. Tens of millions burned. And now the chain is shutting down. But we're supposed to forget all that and celebrate the next Pudgy product drop? WHAT A FUCKING JOKE. Yes, the entire NFT market has suffered. No, Luca isn't responsible for every red candle. But leadership matters. REPUTATION MATTERS. TRUST MATTERS. And when a founder damages that trust, it doesn't magically stop affecting the other businesses he controls. Here's my opinion: Pudgy Penguins would have a much better chance of rebuilding their reputation and eventually challenging their 2024 highs with NEW LEADERSHIP. Luca stepping down and facing real accountability for Abstract could be a turning point. Not a guaranteed price recovery. But a chance to rebuild trust instead of demanding blind loyalty. Pudgy Penguins existed before Luca Netz. They can exist after him. And perhaps it's time holders started asking themselves a serious question: Are you supporting the future of Pudgy Penguins, or are you protecting Luca Netz at the expense of your own investment? Because those are NOT necessarily the same thing.