Alex Svanevik 🐧
Alex Svanevik 🐧|Jan 25, 2025 23:34
my PENGU thesis: 1/ airdrop was huge 2/ this led to constant increase in circulating supply via claims 3/ which has tanked the price 4/ however, airdrop claims have now reduced radically (from ~200m PENGU/day to ~30m) 5/ in March, claims end 6/ team + investors have multi-year vesting 7/ abstract DYOR, NFA check the chain
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