Pudgy Penguins, Ethereum’s top blue-chip NFT project known for its cute penguin image, launched the PENGU airdrop event last night (17th). Users who hold Pudgy Penguins (8,888 in total), Lil’ Pudgys (22,000 in total), Pudgy Rods or peripheral toys, etc. are eligible to receive it.

The project's generosity also won unanimous praise from the community, as they included Solana and Ethereum's old wallets in the airdrop. Many users posted messages in the community to thank the official for the "big meal".

Token economic model,

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 (Token Generation Event).

PENGU's on-chain transaction volume exceeded $1 billion in half a day. Such a large-scale airdrop activity has undoubtedly injected strong momentum into the market performance of PENGU after its launch. According to SolanaFloor data, $PENGU's on-chain transaction volume exceeded $1 billion 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 data, the price of $PENGU once surged to $0.06845 after its launch, but then continued to decline, and the current price is about $0.02701. Although the decline reached 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 how hot the market is.

Some old ETH addresses and SOL addresses of Penguin PENGU are eligible. 7 million eligible wallets, including various protocol users and community members. Unclaimed tokens: Unclaimed tokens will be destroyed after 88 days.

1. What are Pudgy Penguins?

With over 50 billion social views, Pudgy Penguins products are in millions of homes around the world and have one of the strongest communities in crypto

1.1. Project mission and value proposition?

Project Mission

Grow the Pudgy Penguins community and build a community that resonates with the character and brand, becoming a beacon of meme culture, a bastion of good vibes, and people who want to embody their own character in the underdog story throughout Pudgy Penguins history.

#PENGU开盘 Value Proposition

The token has no utility associated with it as it is simply a way for people to join the Pudgy Penguins community. The Pudgy Penguins brand will continue to break down consumer barriers through different retail, content, gaming and social initiatives.

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