Pudgy Penguins mobile game axed after losing millions of dollars
Pudgy Penguins CEO Lucas Netz claimed that his mobile game Pudgy Party, if it continued, would have cost the firm $2.5M.
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Pudgy Penguins CEO Lucas Netz claimed that his mobile game Pudgy Party, if it continued, would have cost the firm $2.5M.
Read more (3 min) →The Instagram account belonging to Pudgy Penguins CEO Luca Netz is being used to shill a Pump Fun-based token called $IGLOO.
Crypto companies are already removing their Pudgy Penguin profile pictures after a collab weekend that was overshadowed by Bitcoin's price.
PENGU's launch was beset with problems as crypto wallets flagged its website as 'dangerous' and claimants complained of missing tokens.
It's been claimed that bulk-buying $20,000 of Pudgy merch could net a $50,000 profit for anybody willing to put in a bit of extra leg work.