

flew
10.2K posts

@flewTrades
Uni Student | Narrative Trader | AOB 👁️





Product is still not out btw. Lol



Lemme start this off by saying that I have become complacent last year about @pudgypenguins. In the early phases of the takeover it was pretty clear to me that @LucaNetz and team needed a strong community that is rallying behind them here on CT to make this thing work. At least half of the NFT space hated on penguins for various reasons and never fully accepted them as one of the blue chip NFTs – which however made the huddle hold together and push even harder. Yes, as captured on a VIBES TCG card, Luca did in fact save the Penguins. But long before that the penguin community turned themselves and our beloved penguin NFTs into something that is genuinely cherished by many worth saving ... and before anyone came along to save the penguins, the community fought and rioted and tried hard to save themselves. This is how we got here in the first place. It is also how we made it into a NYT article or raised huge amounts for charity with an auction by @EtheriaChan that featured @cobie, @Cryptopathic, and @loomdart. Fast forward, these old times seem long forgotten in 2026 – just one page in the endless encyclopedia of pengu lore. Luca and team building on the foundation created by the community (as well as the old team and especially the original artist who by a stroke of genius or luck or sheer talent drew this simple, yet captivating and impressive, art, that, we all fell in love with) did a fantastic job. Penguins are seen, liked, and shared on Instagram by couples and people across the globe. Toys made it to Walmart and into the homes of many kids that never even heard the word NFT. Everything felt like smooth sailing now, aside from some envious haters or the occasional – sadly not atypical – PvP between NFT communities, most people were championing penguin now, while many of the former big blue chips died. Everything seemed almost perfect – lean back and enjoy the ride, praise the team for their good work, like & share the new releases and updates, and proliferate the penguin (?!). Well ... in that seemingly perfect smooth ride lies a silent danger. Looking outside projects are dying left and right, meanwhile penguins doing well, good stuff happening. Yeah there might be hiccups, some frustrations, maybe even some true problems ... but things are going much better than elsewhere ... by a landslide ... would be ungrateful to speak up. Just shut up and enjoy the ride ... penghalla is coming! Now ... this creates two big problems: First, we've turned from a community that was very outspoken, constantly sharing feedback, critique, and rioted so hard that we made the old founders leave and sell the project into a seemingly positive yes-men culture that mostly just praised and amplified the work of the team and swallowed most frustrations for a long time now. It is super commendable that the Inner Igloos are still ran without much of any miss on a bi-weekly basis and in theory they offer a good opportunity for feedback (as they did very well in the past). But, while it's exciting how much they grew in listeners, that causes two issues: (1) There is lots of potential input but very limited time and hence it is close to impossible for everyone to speak up or share their thoughts and – imho even more importantly – (2) the vibe changed a lot; it turned from a cozy campfire chat where one could spitball ideas and openly voice concerns and critique as well as constructive feedback to much more of an update session and people expressing gratitude and excitement. This is only natural as the numbers grew, but there has never really been a proper alternative way that found much usage. There are kinda both sides to blame for that. We as the community never really asked for one and the team side failed to recognize that was has been around did not really live up to the task. As such, lots of unheard feedback & frustrations piled up and the disconnect between the community and the team feels somehow larger than ever (kinda excluding Pudgy Asia from that where @FoxyPenguinApe does a fantastic job with especially IRL events & community, but I believe that even in that region similar issues still exist for the CT / "only online" audience). This is very sad to see, because the community and the team being in a strong interlock was one of the superpowers of @pudgypenguins – as stated by @LucaNetz: "you all are the brain, we are the muscle". I do not believe that this general idea and vision changed, but in the last year it has not been working remotely as well as it used too. Sure growing pains and all, but it is a crucial loss and deepens the feeling of disconnect which is dangerous. Two ... "Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times (Hopf)". The penguin community, molded in FUD and constantly fighting back in 2021 and 2022, had some of the most impressive and relentless energy ever. Instead of accepting the downfall of the project we constantly pushed forward against all odds – overcoming all obstacles somehow. A lot of this carried over into the bear market and early phases of the 2024/2025 bull market and then slowly fell off. No more fights, smooth sailing, winning. I think this also in parts happened on the team side as well. On the CT community side we saw less and less spaces, less viral stuff, less pengposting (not in total, community grew, resourced grew, but we literally took over CT back in 2021 with a tiny crowd of people; now more and more of us became complacent). It is still good, better than most, but the direction is wrong. On the team side I can only speculate. But it feels like sometimes too much was put on the plate. Smooth sailing and winning can create over-optimism and a bit of hubris. Also having all eyes and attention on one's thing makes it sadly easy to occasionally being taken advantage off in various ways. Combine that with the unfortunate yes-men culture that arose and you get a fairly dangerous combination. Things are still seemingly going very well for now and maybe it is just a feeling of a penguin obsessed random guy, but aside from the obvious bear market some things are not going in an upward direction and need to see a shift and turnaround before they start affecting the broader picture more severely. I've playfully, but only half jokingly, posted about that internship role (which I would be actually down for @LucaNetz) because I do think there needs to be something done about the feeling of disconnect that has arisen as the brand and company scaled, but I have no idea yet if that will go somewhere. However ... we can JUST DO THINGS (thanks to @MINHxDYNASTY for the quote and inspiration) and that is exactly what we used to do in the @pudgypenguins community. It's time to properly lock in again for me. And it's time to lock in again fellow penguins. Now I may have put "True Pengu King" in my Twitter name many years ago because I am retardedly obsessed with penguins (not only the pudgy ones) but a king is nothing on his own and a good king should be a servant of his people ... eh penguins. So for now, if this post sparked any thoughts in you or you have general thoughts, ideas you wanna bounce, frustrations that bother you or anhing else that you wanna vent about, discuss or ideate on feel free to shoot me DMs or book a call with me (calendly in reply below so algo does not punish this post). I'm back to being terminally online this year so I'll make sure to get back to you quickly. I'll also do my best to aggerate and condense any inputs and feedback you all have and will try to push it through to the team in some way (no promises here, but hopeful) and worst case you at least will have an extra place to vent. While it is awesome to see how the fanbase of the penguin is growing all over the globe, I believe its success is hampered if the core is rotten. So let's all together bring the CT huddle back to its former glory fellow penguins – in honor of our lost pengu brother Elmo.

We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.






We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.


Day 7 of posting $PUMPCADE till its at 200M > Down ~58% from ATH > Currently at: 21.8M Looking to accumulate around here. I like buying 60-80% dips.





