Pudgy Penguins loan crisis: 194 NFTs in auction, 26 liquidated, next wave in ~6 hours

An account tracking the Pudgy Penguins NFT loan situation reports 194 Penguins in auction with 26 liquidated as of Oct. 10, with the next liquidation wave expected in about 6 hours. The account says 115 underwater loans at list price and 154 at bid price, with the 'Pudgy Team Wallet' bidding on 15 pengs at 2.01 ETH.

Detected & updated continuously · Source: Nebula