Token

World

Pudgy Penguins

Read

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Pudgy Penguins, a leading NFT collection, has launched the PENGU token, which is available for trading on decentralized exchanges.</em></li>  
 <li><em>Pudgy Toys holders are also eligible for Pudgy Penguins tokens linked to the Pudgy World metaverse.</em></li> 
</ul>  
<h5 class="wp-block-heading">Pudgy Penguins, the second-largest NFT collection by market capitalization, has finally <a href="https://x.com/pudgypenguins/status/1869004982328213543" target="_blank" rel="noopener noreferrer nofollow">dropped</a> its long-awaited PENGU token.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-17-1024x576.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-17-1024x576.jpg" alt="Pudgy Penguins Token Is Now Launched" class="wp-image-297423"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295287-new-sec-chair-appointed-by-donald-trump/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294996-bitcoin-miner-mara-expands-mining/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259626-bouncebit-review-binance-megadrop-btc-restaking/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292777-goldman-sachs-digital-asset-platform/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288922-microsoft-rejects-bitcoin-investment-proposal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/219215-balancer-reported-social-engineering-attack/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294304-coinbase-usdc-earn-program-stops/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281635-nvidia-stock-decline-shows-bitcoin-stable/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290406-crypto-pac-fairshake-continues-to-boost/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290763-avalanche-foundation-completes-acquisition-lfg/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295417-president-elect-donald-trump-congratulates-btc/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295134-solana-etf-takes-spotlight-as-sec-approval/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/267888-us-lawmakers-demand-release-binance-executives/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/287444-kraken-ethereum-restaking-now-available/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/282572-zksync-mainnet-governance-launches/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281712-aave-launches-on-ethereum-mainnet/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/226404-gateio-withdrawal-issue-fixed-6-hours-idling/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292047-doj-investigates-polymarket-for-alleged-illegal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295684-us-banks-crypto-warning-revealed-by-coinbase/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296746-crypto-advocate-congressman-french-hill/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296064-microstrategy-bitcoin-purchase-expands/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296700-us-president-elect-trump-promote-bitcoin/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296939-japanese-bitcoin-reserve-now-proposed/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296056-riot-convertible-notes-worth-500m/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/282403-ark-21shares-bitcoin-etf-anchorage/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/293520-ftx-liquidator-transfers-ray-worth-millions/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292890-bitcoin-covered-call-etf-now-promoted/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/203209-pudgy-penguins-supports-otc-trading/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=203209&amp;action=edit" rel="noopener noreferrer nofollow">Pudgy Penguins Supports OTC Trading With New Platform&nbsp;</a>&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="pudgy-penguins-token-has-been-launched-with-massive-airdrop">Pudgy Penguins Token Has Been Launched With Massive Airdrop</h2>  
<p>The Pudgy Penguins token is now live and tradable on DEXs, with users encouraged to connect their Solana or Ethereum wallets to check whether they are eligible for an airdrop via the project's official website.</p>  
<p>The announcement on Discord estimates that close to 7 million wallets are eligible for the airdrop. There is a period of 88 days in which users can claim their Pudgy Penguins tokens, after which the unclaimed tokens will be burnt, reducing the total supply.</p>  
<p>Igloo CEO Luca Netz recommended that participants make sure their Solana wallets have at least $10 worth of SOL for gas fees. Claiming requires wallets on both Solana and Ethereum, so desktop wallets are preferred.</p>  
<p>The project also allows users to link their wallets to their <a href="https://coincu.com/265556-layer-2-for-pudgy-penguins-is-targeted/" target="_blank" rel="noopener noreferrer nofollow">Pudgy Penguins NFTs</a> during the claim process, which will enable cross-chain airdrops from other projects on Ethereum and Solana. Holders of Pudgy Toys, along with physical plushies inspired by the NFT collection, are also eligible for tokens.</p>  
<p>These toys, connected to the Pudgy World metaverse, run on Igloo's Ethereum Layer 2 Abstract Chain. When the mainnet is live, a LayerZero bridge will allow the buyers of the toys to claim their <a href="https://coincu.com/295593-pudgy-penguins-token-pengu-set-to-launch/" target="_blank" rel="noopener noreferrer nofollow">PENGU</a> tokens.</p>  
<h2 class="wp-block-heading" id="market-buzz-as-pengu-debuts-with-443-million-valuation">Market Buzz as PENGU Debuts With $443 Million Valuation</h2>  
<p>The tokenomics are as follows: 25.9% to the Pudgy Penguins community and 24.12% to other NFT communities, such as Azuki and Bored Ape Yacht Club. Further distributions include 17% to the project team, 12.35% to liquidity pools, and 11.48% to Igloo Inc. Smaller allocations go to public goods and brand expansion.</p>  
<p>The pre-market trading price of PENGU, at $0.005 per token, represents a <a href="https://coinmarketcap.com/currencies/pudgy-penguins/" target="_blank" rel="noopener noreferrer nofollow">fully diluted market valuation</a> of $443.35 million. The Pudgy Penguins token launch comes amid a surge in the prices of NFTs, with floor prices exceeding $100,000.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=297401" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Pudgy Penguins Token Is Now Launched

Table of Contents

Coincu

Other articles published on Dec 17, 2024

Binance Alpha Launches Tomorrow – A Gateway for New Crypto Projects With Web3 Growing Potential

Ripple Launches RLUSD: CoinMENA Leads MENA Adoption

MINGO, Hedera Based Wallet, Sets Sights on the Global Ticketing Industry

Promeet Raises $3.1M in Pre-Seed Funding to Transform Creator Monetization

Crypto All-Stars Presale Nears $20M Milestone, Launch Day Anticipation Builds

FTX Chapter 11: BitGo, Kraken to Handle January 2025 Distributions

Join our free newsletter for daily crypto updates!