Pudgy Penguins To Launch Solana-Based Crypto Token Pengu

According to a recent post on X, the total supply of Pengu will amount to 88,888,888,888 tokens.

Of this supply, approximately 25.9% is designated for the Pudgy Penguins community, allowing fans to engage more directly with the brand. Additionally, 24.12% of the tokens will be distributed to other communities and new members of the "Huddle."

The project’s team has outlined that around 17.8% of the supply will be allocated to current and future team members, who will be subject to a one-year cliff and a three-year vesting period. Furthermore, the company will retain 11.48% of the Pengu supply under similar conditions.

Pudgy Penguins, launched in 2021, has become a prominent player in the NFT market, boasting a current floor price of approximately 17.75 ETH, equivalent to about $68,535.

The collection has garnered a market capitalization of roughly $609 million. Recent data indicates a 245% surge in trading volume over the past day, reaching 2,082 ETH, or about $8 million.