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Pudgy Penguins to Launch $PENGU Token on Solana in 2024; NFT Floor Price Hits 17.75 ETH
Dec 6, 2024, 02:16 AM
Pudgy Penguins, a popular NFT project, announced the launch of an official token called $PENGU. The token will be launched on the Solana blockchain in 2024 with a total supply of 88,888,888,888 tokens. The tokenomics allocate 25.9% of the tokens to the original Pudgy Penguins team, 23.5% reserved for NFT holders, and 24.12% spread to other communities. The announcement has led to a surge in activity in the Pudgy Penguins NFT market, with over 44 sales in the past 15 minutes pushing the floor price to 17.75 ETH ($68,515). The sales volume increased by 190% in 24 hours, and the first Grail NFT purchase since the announcement was made for 40 ETH. The token aims to expand the Pudgy Penguins ecosystem beyond Ethereum NFTs, allowing more people to "join the Huddle."
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