PENGU token plunges 50% after airdrop as Pudgy Penguins NFT floor price tumbles
PENGU token plunged more than 50% after its airdrop to Pudgy Penguins NFT holders went live. The token's value initially surged to $0.068 but quickly fell to $0.031 amid heavy selling pressure.PENGU price chart (TradingView)The tokens decline coincided with a sharp drop in Pudgy Penguins NFT prices, as the airdrop's falling value also triggered a decline in the NFT collections floor price,...
