The Pudgy Penguins NFT project has reached a new major level as the collection’s floor price went up above $100K. Selling at 27.55 ETH ($108,200), it has surged past Bitcoin, which is valued at $100,000 at press time. This achievement positions Pudgy Penguins as the second-biggest NFT project after CryptoPunks with a floor price at 39.5 ETH ($150,000).
The NFT collection, consisting of 8,888 unique digital assets, has seen its floor price rise by more than 194% in one month. This comes in the wake of Pudgy Penguins’ ecosystem token, $PENGU slated for release on the Solana blockchain. This token will be available in a total supply of 88,888,888,888 tokens. This is a major advancement for Pudgy Penguins in trans-chain utilization.
Tokenomics for $PENGU have been detailed by the project team. A total of 25.9% of the supply will go to the Pudgy Penguins community. Another 24.12% will be allocated to other communities and new "Huddle" members. Current and future team members will receive 17.8%, subject to vesting conditions, while the company will hold 11.48% under the same terms.