When Chunk was first released it was the rare pet drop in Grotto map, it was not intended to give any bonuses, it was the rare loot drop in Grotto.
The Snap pet itself was the pet that has strong bonuses (which are 4x speed, 4k Health, Damage, & Armor) which can be used alone or to complete The Ice Knight vanity set.
So this year when the Ice Knight set was re-released in this years Christmas event, this time the Chunk pet is not the rarest drop in Grotto and the Ugly sweaters are.
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