Pudgy Penguins (PENGU)**, a popular NFT collection that recently launched its native token, **PENGU**, on the Solana blockchain. The token debuted on December 17, 2024, and saw significant market activity.
Here's a brief overview:
- **Total Supply**: 88.88 billion tokens
- **Initial Trading Price**: Around $0.05 per token
- **Market Cap**: Approximately $4.4 billion at launch
- **Current Price**: Approximately $0.04505 per token
The PENGU token is designed to support the Pudgy Penguins ecosystem, including governance and participation in the community. The project has also announced plans to expand to other blockchains like Ethereum and Abstract.
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