Crypto Blog
The Pudgy Penguins NFT project is set to unveil its own cryptocurrency, Pengu, later this year, as revealed in a Thursday post on X. The Pengu token will be launched on the Solana blockchain, with a total supply of 88,888,888,888 tokens., approximately 25.9% of the total token supply will be allocated to the Pudgy Penguins community, while 24.12% is designated for other communities and new “Huddle” members.
Additionally, 11.48% of the coins will remain under the control of the company, with similar long-term conditions. This significant growth comes after several ‘blue chip’ NFT collections, including Moonbirds, Veefriends, Doodles, Meebits, World of Women, and Cool Cats, experienced price drops and fell out of the top 10 rankings.
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