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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