On the evening of December 17, Pudgy Penguins’ token PENGU was launched on Solana, with a maximum supply of 88.88 billion tokens! As soon as the token was launched, trading volume skyrocketed, but the gap between traders’ profits and losses was really large.
After PENGU went online, a trader spent 23,742 SOL (about 5.36 million US dollars) to buy 239.6 million PENGUs, and then less than 20 minutes later, he sold them for 60,726 SOL (about 13.72 million US dollars), making an easy profit of 36,984 SOL (about 8.36 million US dollars).
In sharp contrast to this talented trader is another victim:
One person invested $10,000 to participate in the opening, but he didn't expect that the opening price of PENGU was completely unreasonable. In the end, he bought PENGU at a valuation of about $14 trillion (equivalent to China's annual GDP), and his $10,000 was reduced to $5 in a few seconds.
In addition to the hot trading, the popularity of PENGU tokens is also related to its generous airdrop ratio and the large number of eligible addresses. 25.9% of the total supply of PENGU will be distributed through airdrops to members of the Pudgy Penguins ecosystem, and 24.12% will be distributed to "other communities". In other words, even if you don't have a fat penguin, you may still have a chance to get a PENGU airdrop!
Although the official has not yet released the specific categories and token allocations that meet the airdrop conditions, based on the information publicly available on the Internet, the author has compiled a rough list of airdrops. Surprisingly, the NFT that can receive the most PENGU tokens is not the fat penguin, but the rarest Pudgy Rods! The specific distribution is as follows:
6,900,000 tokens / Pudgy Rods - Mythic
1,700,170 tokens / Pudgy Penguins (8888 total Fat Penguin NFT main series on Ethereum)
398,550 tokens / Pudgy Rods - Epic
283,332 tokens / MVP [Soulbound Tokens]
250,000 tokens / Abstract Enjoyers - Giga [Discord Identity]
213,332 Tokens / 1000 Pengus Club [Soulbound Tokens]
194,501 tokens / Pudgy Rods - Rare
188,384 tokens / Lil Pudgys (18888 total NFT sub-series on Ethereum)
163,332 Tokens / TruePengu Ice [Soulbound Tokens]
131,308 tokens / Pudgy Rods - Uncommon
105,786 tokens / Pudgy Rods - Common (Fishing Rod NFT, rarity is Common)
105,081 Tokens / TruePengu Gold [Soulbound Tokens]
103,332 Tokens / TruePengu Iridescent [Soulbound Tokens]
103,332 Tokens / ARB Explorer [Soulbound Tokens]
103,332 tokens / BNB Explorer [Soulbound Tokens]
103,332 Tokens / Poly Explorer [Soulbound Tokens]
103,332 tokens / Pengu Influencer [Soulbound Tokens]
43,332 Tokens / Lil Pudgy Big Impact [Soulbound Tokens]
43,332 Tokens / Safety Pin [Soulbound Token]
16,729 tokens / Abstract Enjoyers - Elite [Discord Identity]
In addition, there are a variable number of airdrop targets, including:
OG Eth users: Ethereum OG users, probably related to the age of the wallet
OG Sol users: Solana OG users, may have multiple eligibility criteria
SOL diamond hands: SOL diamond hands, which may be related to the number and duration of holding
Clusters: may be related to length and price
If you want to become an OG user of Solana, the known standards are: users who actively use Jupiter, JUP stakers (the quantity threshold is not clear), BONK holders, and users who lock up on BONKrewards (at least 1 billion BONK); if you have used Magic Eden before 2023, or used the Swap function of the Phantom wallet to trade tokens before 2024, or were a DRiP user before 2024, or even a user who bought Droplets, you may meet the requirements.
Community members who achieve "Elite" status on the Abstract Discord have a chance to receive PENGU tokens, provided they claim their status and fill out the form before the deadline. Eligible communities are: Plooshies, Doodles, Claynosaurz, Memeland, BoDoggos, Bitcoin Puppets, Nodemonkes, Azuki, Bored Ape Yacht Club, Mutant Ape Yacht Club, Wassies, Goblintown, Wonky Stonks, The Plague, Mocaverse, Onchain Gaias, or anyone who holds at least 1 billion Mog Coin (MOG).
If you buy Pudgy Toys and interact with the Pudgy World gaming platform, collecting “Pudgy Traits” (or the attributes of the virtual penguin’s equipment), you can also earn PENGU tokens. Users who buy Pudgy Toys can enter Pudgy World by scanning the included QR code. According to Luca Netz, the founder of Fat Penguin, scanning the QR code will guide you to “collect traits and wait for Abstract Bridge to go online.”
Depending on how the tokens are distributed, a Pudgy Penguins NFT token airdrop was worth over $90,000 when PENGU was first launched!
It is worth noting that this airdrop did not take a snapshot of the penguin NFT owners. Whoever owns the NFT can claim the token, and each NFT can only claim the token once. Since the launch of the PENGU token, the floor price of Pudgy Penguins NFT has fallen from a high of 36 ETH to around 16 ETH.
Of course, there are also those lucky ones who are envied:
One lucky person sold one of his fat penguins at the floor price after the crash, and this fat penguin also corresponds to the Lil Penguin (floor price is about 2 ETH) and PENGU tokens, neither of which have been claimed. As a result, the person who picked up the leak made almost $100,000 for nothing!
As of press time, the PENGU token is quoted at $0.032 on Binance, with a total market value of $1.72 billion.