2024-12-08
Pudgy Penguins, a prominent NFT
project, has announced a plan to launch its native token, PENGU, on the Solana
blockchain by the end of 2024.
PENGU will have a total supply of
88,888,888,888 (88 billion tokens), with a distribution strategy aimed at
fostering community engagement and ecosystem expansion.
Token Distribution:
This strategic move comes as Pudgy
Penguins' NFT floor price has reached new highs, recently hitting $62,000—a 40%
increase within a week.
The launch of the PENGU token aims to
enhance the project's ecosystem, offering new opportunities for community
participation and growth.
Pudgy Penguins has also expanded beyond
digital assets, generating over $10 million in revenue from physical toy sales
through major retailers such as Walmart, Target, and Walgreens.
The introduction of PENGU is expected
to further integrate the brand into the broader crypto community, leveraging
Solana's high-speed, low-cost transactions to support rapid growth and
engagement.
The team emphasizes a fair and equitable distribution of PENGU tokens to maximize community participation and align with the project's vision.
They encourage individuals to seize this
opportunity to better connect with the character and join "The Huddle,"
the team behind the brand's NFT collection.
As the launch approaches, Pudgy
Penguins advises its community to stay vigilant against potential fraud and to
rely on official channels for accurate information.
Pudgy Penguins is the 3rd
most valuable NFT collection by market cap only after CrypoPunks and BAYC. Pudgy
Penguins has a market cap of $671,736,093 (167,797 ETH).
