Pudgy Penguins is dropping its PENGU token on Solana, giving fans a chance to vibe with the community. With 88.8B tokens, holders and new “Huddle” members get major shares. The team has a vesting plan, and the NFT hype is real with $8M in trades and big retail deals.
The Pudgy Penguins fam just dropped a bombshell: their very own crypto, PENGU, is landing later this year on the Solana blockchain. The team announced it on X (formerly Twitter), hyping up their millions of fans and anyone who can’t get enough of those adorable penguins.
PENGU Basics 🐧💸
This isn’t just another token—PENGU is built to bring the Pudgy Penguins vibe to a whole new level. The supply? A chill 88,888,888,888 tokens. Even though the OG Pudgy Penguins NFTs are on Ethereum, they’ve picked Solana for this new chapter.
How’s the PENGU Pie Split?
Here’s how the tokens will be dished out:
- 23.5%: For current Pudgy Penguins NFT holders (early penguin perks, anyone?).
- 22.02%: Shared between Ethereum and Solana fam.
- 12.32%: Boosting liquidity on decentralized exchanges.
- 25.9%: For the Pudgy Penguins community—spread the love.
- 24.12%: For new members and other NFT communities.
And of course, the core team isn’t left out. They’re getting 17.8%, but they’ll need patience—there’s a one-year cliff and a three-year vesting. The company itself holds 11.48%, also with similar rules.
The Pudgy Penguins Glow-Up 🐧✨
Since their debut in 4 years ago, these penguins have been thriving. With only 8,888 NFTs in the collection, their floor price is flexing at 17.90 ETH (around $68K). They’ve also teamed up with Walmart and Target to bring their charm to the mainstream.
Oh, and their recent trading stats? Wild. A 212% volume spike hit 2,877 ETH in a single day—that’s $8M, BTW. The collection’s market cap sits at a cozy $609M.
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