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).