Pudgy Penguins, Ethereum's top blue-chip NFT project known for its cute penguin image, opened applications for $PENGU airdrops last night (17). Those who hold Pudgy Penguins (8,888 in total), Lil' Pudgys (22,000 in total), Pudgy Rods or peripheral toys are eligible.
In addition, the community praised the project team for their vision. Solana and Ethereum's OG wallets were also included in the airdrop scope, and many users posted in the community to thank the official for sending pork trotter rice.
In addition, according to token economics, the initial circulation of $PENGU accounts for 70.22% of the total (88.88 billion), and the proportion allocated to the team is 29.78%. According to the token unlocking plan, in addition to the team allocation, the remaining tokens will be fully circulated at the time of TGE.
$PENGU on-chain transaction volume exceeded 1 billion magnesium in half a day
Such a large-scale airdrop activity inspired $PENGU to explode the market immediately after its launch. SolanaFloor pointed out that the on-chain transaction volume of $PENGU exceeded 1 billion US dollars in less than 12 hours, exceeding the total transaction volume of all centralized exchanges including Binance. Among them, more than 50% of the on-chain transaction volume is concentrated in Raydium.
According to CoinGceko data, the price of $PENGU once reached $0.06845 after its launch, but then continued to decline and is now around $0.02701. Although the decline was 60.5%, the trading volume in the past 24 hours exceeded $2 billion, and the total market value still reached $1.716 billion, ranking 84th in market value, showing the popularity of transactions and the market.
When it was just launched last night, the market value of $PENGU once reached 3.2 billion US dollars, surpassing $TIA, $INJ and $WIF, and only $200 million away from $ENA, which is amazing.
The title of "Big Hair" is well deserved
According to netizens’ feedback, a big penguin can get 1,700,170 $PENGU, and a small penguin can get 207,256 $PENGU. The following is a comparison of the value of the airdrop token and the floor price before the airdrop:
Big Penguin:
The floor price before the airdrop was 36 ETH (about 140,000 US dollars)
The airdrop token is calculated at $0.05, which is worth about $85,000
The return rate is about 60%
Little Penguin:
The floor price before the airdrop was 4.5 ETH (about $17,550)
The airdrop token is calculated at $0.05, which is worth about $10,326.8
Rate of return 59%
In addition, old wallets of Solana and Ethereum may also receive airdrops. According to the actual test of the dynamic area, 1,400 to 3,500 $PENGU can be received, which is worth about 70 to 175 US dollars. (Note: Due to the large scale of this airdrop, the claim page may be stuck and it takes multiple attempts to successfully claim.)
This news led many netizens to share the good news in the social network and compare it with Hyperliquid's airdrop.
The team is suspected of selling more than 10 million magnesium $PENGU
However, on-chain analyst Aunt Ai monitored that the address HoTdB…YL8YZ had received 888 million $PENGU from the token deployment address before claiming the airdrop, and speculated that it might be the address of an early investor or project party.
This address has sold off its holdings since the opening, and has sold 261 million $PENGUs worth over 10 million US dollars. It still holds 627 million $PENGUs worth about 19.29 million US dollars.
