Market
Will $PENGU token market cap stay above $300M by March 31, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Market cap data from CoinMarketCap or CoinGecko
Story
Pudgy Penguins' Solana-Based $PENGU Token Debuts at $312M Market Cap, Sees $90M Trading Volume
Dec 17, 2024, 02:01 PM
The $PENGU token, launched by the NFT project Pudgy Penguins, debuted with a market capitalization of $312 million. The Solana-based token, with a total supply of 88.88 billion, saw $90 million in trading volume within its first hour of trading. The airdrop of $PENGU tokens was distributed to holders of Pudgy Penguins NFTs, with 23.5% of the total supply allocated for this purpose. Additionally, 22% of the token supply was set aside for the Solana and Ethereum communities, and 12.3% was designated for liquidity on decentralized exchanges. The launch of $PENGU led to a 2.6% increase in the floor price of Pudgy Penguin NFTs, which are now trading at 34.1 ETH, equivalent to approximately $136,000, making it the second most expensive NFT collection after CryptoPunks.
View original story
Similar markets
Above $4 billion • 25%
Below $2 billion • 25%
$2 billion to $3 billion • 25%
$3 billion to $4 billion • 25%
$15 million to $20 million • 25%
$20 million to $25 million • 25%
Below $15 million • 25%
Above $25 million • 25%
