According to @KookCapitalLLC, there is confusion in the crypto trading community regarding the $500 Pudgy Rugger NFT, which was marketed as being linked to a Pudgy Penguins team member and their new character launch. However, it was revealed that the individual behind the coin does not officially work for Pudgy, raising concerns about the legitimacy of the coin and its promotional narrative. This discrepancy has led to increased caution among traders, as misleading affiliations can significantly impact short-term price action and risk exposure in NFT and meme coin markets (source: @KookCapitalLLC, May 18, 2025).

According to @KookCapitalLLC, a team member linked to Pudgy Penguins created and promoted a new cryptocurrency coin by leveraging the announcement of the Lil Pudgy TV show, subsequently selling his full stack for 0.4 ETH and boasting about it on Discord. This incident has raised concerns in the trading community about insider-driven meme coin launches and their impact on market integrity, especially given the direct tie-in to high-profile NFT project news (source: KookCapitalLLC on Twitter, May 18, 2025). Traders are advised to remain vigilant for similar promotional tactics linked to major NFT ecosystem events, as such cases can affect short-term volatility and trust in related token markets.