🔔 Announcement:
Pudgy Penguins is set to launch its Solana-based cryptocurrency, $PENGU, later this month.
📰 News Details:
The Pudgy Penguins NFT collection, one of the most popular NFT projects, has announced the upcoming release of its cryptocurrency, $PENGU. With a total supply of 88,888,888,888 tokens, $PENGU will operate on the Solana network, despite the collection’s Ethereum-based origins.
The tokenomics reveal:
- 25.9% allocated to the Pudgy Penguins community.
- 24.12% distributed to other communities and new “Huddle” members.
- 17.8% reserved for team members with vesting conditions.
- 11.48% retained by the company under similar terms.
This move follows Pudgy Penguins’ successful expansion into retail partnerships with Walmart and Target, solidifying its presence both online and offline.
🔗 Links & Resources:
📢 Final Thoughts:
The Pengu token launch signifies an exciting evolution for Pudgy Penguins, bridging Web3 with mainstream recognition.
Pudgy Penguins was one of the early pioneers of crypto culture and continues to be a driving force behind the mass adoption of crypto assets. The launch of PENGU marks the beginning of a prophecy years in the making.
