$PENGU's on-chain trading volume surpassed 1 billion USD in half a day
Such a large-scale airdrop event incentivized the market to explode immediately after the launch of $PENGU. SolanaFloor pointed out that the on-chain trading volume of $PENGU broke 1 billion USD in less than 12 hours, surpassing the total trading volume of all centralized exchanges, including Binance. Among this, over 50% of the on-chain trading volume was concentrated on Raydium.
According to CoinGecko data, the price of $PENGU once soared to 0.06845 USD after its launch but subsequently continued to decline, currently reported at about 0.02701 USD. Although the drop reached 60.5%, the trading volume in the past 24 hours exceeded 2 billion USD, and the total market capitalization still reached 1.716 billion USD, ranking as the 84th largest cryptocurrency by market cap, indicating the heat of trading and the market.
When it was just launched last night, the market cap of $PENGU reached as high as 3.2 billion USD, surpassing $TIA, $INJ, and $WIF, and was only 200 million USD behind $ENA, which is truly remarkable.
The title of “Big Hair” is well-deserved
According to user feedback, a big penguin can receive 1,700,170 $PENGU tokens, while a small penguin can receive 207,256 $PENGU tokens. Below is a comparison of the airdrop token value and the floor price before the airdrop:
Big Penguin:
The floor price before the airdrop once soared to 36 ETH (about 140,000 USD)
The value of the airdrop tokens calculated at $0.05 is about 85,000 USD
The return rate is about 60%
Small Penguin:
The floor price before the airdrop once reached 4.5 ETH (about 17,550 USD)
The value of the airdrop tokens calculated at $0.05 is about 10,326.8 USD
The return rate is 59%
In addition, old wallets of Solana and Ethereum may also receive airdrops. Testing shows that 1,400 to 3,500 $PENGU tokens can be claimed, worth approximately between 70 and 175 USD. (Note: Due to the large scale of this airdrop, the claiming page may experience lag, and multiple attempts may be needed to successfully claim.)
This news prompted many netizens to share the good news in the community and likened it to the airdrop of Hyperliquid.
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