Recently, many people are asking what PIGGY is. The fat brother specially made a research report for everyone to refer to!

#PİGGY This thing is essentially not an air project.

It is a shared power bank business that actually exists in South Korea.

14000+ charging points, over 100,000 devices, and more than 4 million real paying users.

You can really see and use it in South Korean shopping malls, subways, and coffee shops.

The story is not complicated:

Using a power bank = gives you tokens (Charge-to-Earn)

NFT occupies a position = earns regional revenue (Dominate-to-Earn)

Plus some check-ins and tasks, a typical DePIN + Web3 setup.

Why did it suddenly explode today?

Two points:

The old contract is void, 1:1 exchange for the new contract (effective today)

Listed on Binance Alpha (note it is not officially listed on Binance)

The result is: violent surge + trading volume directly skyrocketing.

But to be honest, I have to mention the risks upfront.

Liquidity is ridiculously low:

The pool is only around 60,000 to 70,000 dollars, FDV over ten million,

This thing is either going up or crashing, a 50%–90% pullback at any time is not surprising.

The contract is upgradeable, with admin privileges,

Plus Go+ and QuickIntel have reported issues.

Secondly,

The old contract experienced mint-and-dump last December,

Direct price crash, previously criticized as a rug pull, this dark history cannot be erased.

Circulation is only about 7%,

The subsequent team, treasury, and unlocking will have a lot of selling pressure waiting ahead.

In summary:

This is a target that【actually has business in reality】 but【the price completely relies on emotions and hype】.

Can be traded, but don’t be overly devoted;

Can be played, but definitely with a small position;

When it rises, don’t get carried away, when it falls, don’t be confused.

The rest——

Those who understand will naturally understand.