Ethereum’s Plunge: Pudgy Penguins and Friends Take a Dive 🐧💸

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Ah, the mighty Ethereum, having danced on the head of a pin to new heights last week, now finds itself teetering near $4,400, a mere shadow of its former glory. One might say it’s flirting with the abyss, though perhaps “abysmal” is too harsh a term for a currency that once soared to $4,900. 🎭📉

As the etheric tides recede, the NFT realm-those digital trinkets we once deemed “the future”-has followed suit. Pudgy Penguins, Bored Ape Yacht Club, and Doodles now waddle, slouch, and doodle their way into oblivion. 🐧🐵📜

Top NFT Projects on the Decline

Per the sagacious DefiLlama, our beloved NFTs have experienced a “correction” (read: crash) in floor prices. Pudgy Penguins, those rotund digital avatars of cuteness, now rest at 10.32 ETH-a 17.3% plunge. One might ponder if their pudginess was a flaw in design or a foreshadowing of their market fate. 🤷‍♂️

Bored Ape Yacht Club (BAYC), once the life of the crypto party, now languishes at 9.59 ETH, their once vibrant apes now seemingly more bored than ever. 🐵💤 Doodles, meanwhile, have slid 18.9% to 0.73 ETH, proving even doodles can’t escape the gravitational pull of reality. 🖌️💸

Moonbirds and Lil Pudgys, those lesser-known but equally doomed kin, dropped 10.5% and 14.6% respectively. A veritable who’s who of NFT despair. 🕊️👶

Top NFTs saw a major drop against Ethereum last week. | Source: DeFiLama

Yet, not all is lost. CryptoPunks, those stoic pixelated mugs, shrugged off the chaos with a mere 1.35% dip. Perhaps they’ve mastered the art of “looking rich” in a world gone mad. 💸

Trading volume, however, remains robust. Pudgy Penguins led the charge with $9.36M in activity, followed by Moonbirds ($8.77M) and CryptoPunks ($8.33M). One might say the market’s blood is thicker than water-or ether. 🩸

The broader NFT market, now valued at $7.7B, has tanked 5%. A far cry from its $9.3B peak in July. Such is the ebb and flow of digital utopias. 🌊

Ethereum Price Will Come to Test Its 200-EMA

After a brief flirtation with $4,900, Ethereum now faces its existential reckoning: the 200-EMA at $4,088. As Daan Crypto Trades muses, this could be a “green light” or a “red herring,” depending on whether bulls or bears wear the pants in this crypto pantomime. 👖

“On Sunday, $ETH swept its all-time high. It then proceeded to sell off from that point and fill the inefficiency from the ‘Powell Candle’…”

– Daan Crypto Trades (@DaanCrypto) August 26, 2025

The analyst suggests that $4,000 remains a fragile fortress. A break below may summon the grim reaper, while a rally above $5K could herald a new era of “price discovery” (a euphemism for “hope springs eternal”). 🪦📈

Maxi Doge Raises Over $1.5M Within Its First Month of Launch

In a world where seriousness is the norm, Maxi Doge emerges as the mischievous cousin of Dogecoin, raising over $1.5M in its first month. Branded as “Dogecoin’s frustrated but ripped cousin,” it offers 195% APY staking rewards. One might say it’s the “Shiba Inu with a six-pack” of the memecoin realm. 🐕💪

With a ticker of MAXI and a token price of $0.000254, this Ethereum-based project promises alpha-trader communities and perpetual trading markets. A bold claim for a coin named after a dog, indeed. 🚀

Key Details

  • Ticker: MAXI
  • Network: Ethereum
  • Token Price: $0.000254

Funds Raised: $1.55M

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2025-08-26 19:58