I said, how the hell did I find one on dexscreen, and then I looked at the market value... completely dumbfounded.

@ Pudgy Penguins have opened early

Here's the big scoop - originally set to launch simultaneously on Binance

The Pudgy Penguins project team surprisingly opened early on the DEX chain

Highest market cap of 4.3 trillion - you read that right, it's the highest

Half an hour after opening, the current market cap is 4.8 billion U, it's f**king crazy

Image 1 shows the quotes on the Dex chain

Image 2 shows the Swap Pool, if you look closely the exchange is completely out of proportion

The Pudgy Penguins project team is using the (supply and demand) manipulation method

It resembles the manipulation tactics seen in Hong Kong movie 749

Simply put, it's about adding a small amount of chips to raise the price

Attracting retail investors into the market - using a strategy of scarcity

As a meme + collectible, it is simply not worth a market cap of 4.8 billion

Retail investors are not advised to participate due to the unfair trading mechanism

There are a large number of sell orders on the chain for dumping

Everyone can watch and observe

I saw many foreigners in the official Pudgy Penguins Discord group

They are all asking what to do since Binance restricts participation by region (country)

This may potentially be the reason for the project team to unilaterally jump the gun early.