The new cryptocurrency of the Pudgy Penguins ecosystem, PENGU, has lost value a day after its launch. 📉 According to CoinGecko data, the token has fallen by 57.8% to $0.02892.

After the Airdrop

The airdrop, which started on December 17, distributed 62.8 billion PENGU tokens to millions of NFT holders. After the initial surge, the token lost more than 60% to $0.027.

PENGU's market cap is close to $2 billion and is the 78th largest cryptocurrency. 🚀 Despite these fluctuations, its price is 10.5% above its lowest level.