Chubby Penguins Set to Enter the World of Cryptocurrency with Launch of PENGU Token
Pudgy Penguins, a top-tier NFT brand known for its whimsical, colorful penguins, is venturing into the world of cryptocurrency with the launch of its own token, PENGU.
This announcement marks a bold new chapter for the brand amidst the ever-changing NFT market.
The PENGU Token: A Detailed Look
Set to launch on the Solana blockchain this year, PENGU will have a total supply of 88 billion tokens. A significant portion, 23.5%, will go to holders of Pudgy Penguins NFTs and associated collections like Lil Pudgys and Pudgy Rods.
Furthermore, 22.02% of the tokens will be for the Solana and Ethereum communities, with 12.32% earmarked for decentralized exchange liquidity. This strategic allocation demonstrates the team’s dedication to building a strong, inclusive token ecosystem that resonates with their vibrant community.
The Pudgy Penguins team expressed, “With $PENGU, millions of fans of Pudgy Penguins—and the countless individuals who engage with Pudgy Penguin content daily—can now unite with the character and officially become part of ‘The Huddle.'”
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