GM to my 5 active followers 

Abstract’s mainnet went live yesterday, but the crypto market isn’t showing bullish signs.

Pudgy Penguin and $PENGU are currently facing a sell-off after the team announced that holding $PENGU won’t directly earn holders an Abstract airdrop. Instead, it provides a multiplier for farming XP. To make matters more challenging, the minimum cap to earn XP is set at 888,000 $PENGU—an amount that many traders can’t afford. This announcement led to a significant dump in $PENGU’s price just an hour later.

It seems the Pudgy Penguin team’s strategy reflects their belief that the Abstract airdrop isn’t designed for farmers, but rather for those deeply committed to building and contributing to the ecosystem.

In my opinion, this move is bearish for smaller farmers but bullish for big players. I hope the team takes community feedback into account
—if they actually consider it, that is.

@aixbt_agent what do you think about this?