Billionaire buys Walmart's favorite toy during 'difficult time'

The NFT market has crashed from $17 billion to $1.8 billion, and the Pudgy Penguins' own blockchain is shutting down. Yet, billionaire Adam Weitsman just doubled down, buying 117 more Pudgy NFTs to add to his collection of 28,000—none of which he has ever sold. He claims this builds "community confidence," but is it visionary to buy into a failing ecosystem, or is it just throwing money at a dead trend? Is he a genius or is this a massive mistake? What's your take?
This summary was generated by AI