PENGU Token Debuts with Cross-Chain Potential
Pudgy Penguins, a leading Ethereum-based NFT project, has launched its PENGU token on the Solana network. The token, with a total supply of 88,888,888,888, is also set to gain compatibility with Ethereum and Abstract Chain. Eligible holders, including those of Pudgy Penguins, Lil Pudgys, Rogs, and SBTs, have 88 days to claim their tokens before unclaimed amounts are burned. Claims require connecting both Ethereum and Solana wallets, with at least $10 in SOL needed for gas fees.Eligibility and Ecosystem Expansion
The claims extend to various participants, including holders of Pudgy Toys, physical plushies tied to the Pudgy World metaverse. However, their tokens can only be claimed once the Abstract Chain mainnet goes live. The claiming process also enables users to link their wallets and NFTs with universal names, opening doors to future airdrops across Ethereum and Solana. An estimated 7 million wallets are eligible, including those from broader communities and protocols.Tokenomics and Community Distribution
PENGU’s distribution allocates 25.9% to the Pudgy Penguins community, 24.12% to other communities, and 17.8% to current and future team members. The remaining supply will support the project’s development and growth. CEO Luca Netz expressed excitement about the token’s role in aligning millions of fans with the Pudgy Penguins brand.Rising NFT Market Standing
Pudgy Penguins continues to rise in the NFT space, surpassing Bored Ape Yacht Club with a market cap of $1.2 billion. As PENGU token claims and trading unfold, the project further solidifies its position as a leader in NFT-driven ecosystems. Trading is expected to commence soon on major exchanges, including Binance, Bybit, and OKX.
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