WHAT ABOUT THIS $PENGU

PENGU is the official token of the Pudgy Penguins ecosystem, a prominent NFT collection featuring 8,888 unique penguin characters. Launched on December 17, 2024, PENGU operates on the Solana blockchain, with plans to expand to Ethereum and Abstract, an Ethereum layer-2 scaling solution developed by Igloo Inc., the parent company of Pudgy Penguins.

The total supply of PENGU is 88.88 billion tokens, distributed as follows:

25.9%: Reserved for the Pudgy Penguins community, including holders of Pudgy Penguins, Lil Pudgys, and other related assets.

24.12%: Allocated to other communities to expand the fan base, aiming to onboard five million new members.

17.8%: Designated for the Pudgy Penguins team, subject to a one-year cliff and a three-year vesting period.

12.35%: Set aside for liquidity provision on decentralized exchanges to ensure active trading markets.

11.48%: Reserved for company development and marketing efforts.

4%: Dedicated to public good initiatives, aligning with the project's ethos of spreading positive vibes.

4%: Allocated for proliferation efforts, including potential exchange listings and brand marketing.

0.35%: Allocated to FTT token holders as a gesture of appreciation.

PENGU serves multiple functions within the ecosystem, including governance, exclusive access to content and events, rewards and incentives, and as a medium of exchange for merchandise and participation in events.

Since its launch, PENGU has experienced significant market activity. As of January 5, 2025,

the token was trading at approximately $0.040,

marking a 250% increase since its inception. However, it's important to note that the Pudgy Penguins NFT sales have declined by 52% in the same period, indicating a divergence between the token's performance and the NFT market segment.