The developers of the Pudgy Penguins NFT collection have announced the successful launch of their native token, PENGU, on the Solana blockchain.
PENGU has made its Big debut today on the Solana blockchain with a total supply of 88.888.888.888 tokens. At the time of writing, there are 62.860.390.000 tokens in circulation, representing approximately 70% of the maximum supply ever to exist on the market.
According to data from CoinGecko, Pudgy Penguins' native token has quickly positioned itself among the top 100 cryptocurrencies, reaching a market capitalization of close to $3.300 billion USD. Currently, the token price stands at $0,045 USD, after experiencing a staggering increase of over 1.000% in the past 24 hours.
Source: CoinGecko
The successful launch of PENGU marks a significant step in the evolution of the Pudgy Penguins community, which has managed to overcome numerous challenges since its creation to become one of the most widespread and recognized NFT collections worldwide. The developers of the crypto collection highlighted the successful deployment of the token as a strategic step to strengthen the Pudgy Penguins community and expand its ecosystem beyond collectible NFTs.
With a fan base that has grown exponentially since its launch in 2021, the Pudgy Penguins have managed to establish themselves as a benchmark in the crypto world.
The PENGU Airdrop: Rewarding the Loyalty of its Community
Alongside the launch of the new token, Pudgy Penguins has announced a PENGU airdrop, designed to reward loyal members of its community. With this initiative, the developers of the crypto collection seek to strengthen the ties between followers and encourage active participation in the Pudgy Penguins ecosystem.
The Pudgy Penguins community has shown remarkable resilience since its inceptionDespite facing criticism and challenges in its early days, the collection has managed to establish itself as one of the most influential NFT brands, thanks to a well-defined strategy and a solid connection with its followers.
Today, Pudgy Penguins are not only found in millions of homes through their adorable toys, but they have also accumulated More than 50 billion views on social media and has millions of followers, making it one of the most widely recognized and widespread NFT collections worldwide.
What is PENGU?
PENGU, the native token of Pudgy Penguins, is designed to be a utility token that offers multiple benefits to its holders.
“PENGU is the token for the people, by the people and serves as a way for the ever-growing group of hundreds of millions of Pudgy Penguin fans to align themselves with the history and future of Pudgy Penguins”, the developers of the NFT collection said.
Overall, the launch of PENGU symbolizes the resilience and adaptability of the Pudgy Penguins community. Throughout its history, this community has proven that with a solid strategy and a focus on building lasting relationships, it is possible to overcome challenges and achieve success. Thus, PENGU not only marks a new chapter in the Pudgy Penguins story, but also reinforces the commitment and loyalty of its followersAccording to its creators, the crypto collection has become the face and mascot of the cryptocurrency ecosystem, so the arrival of PENGU will open up new opportunities to connect with its growing fan base and for the expansion and growth of the brand.
Experts agree that PENGU is poised to become a major player in the cryptocurrency market, trading alongside the industry’s top projects. With a market cap of over $3.300 billion and a current value of $0,045, PENGU is positioned as the #57 cryptocurrency in the crypto market.
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