Pudgy Penguins, the second-largest NFT collection by market cap, announced the launch of its PENGU token today, with it being listed for immediate trading on Binance.
Binance has confirmed that it will offer trading pairs for the coin, including USD, BNB$, FDUSD, and TRY.
Distribution details #PUNGU :
PENGU will launch with a total supply of 88,888,888,888 coins, with the following allocations:
25.9% to the Pudgy Penguins NFT community.
24.12 percent for other NFT communities, such as Azuki, Bored Ape, and Doodles.
17% for the project team (with a one-year lock-in period and vesting over three years).
12.35 percent for liquidity groups.
11.48 percent for Igloo Inc.
4 percent for general merchandise and brand extension.
Airdrop and Pre-Market Trading:
Binance has announced an airdrop for HODLer Airdrops users.
Meanwhile, pre-market trading data shows that $PENGU is currently trading at $0.05, giving the coin a fully diluted market cap of around $4.4 billion.
The launch of the currency was accompanied by a significant increase in the prices of the “Pudgy Penguins” NFT, as the base price exceeded 33 ETH (more than $133,000 according to the current price of ETH).
The PENGU cryptocurrency is expected to attract widespread attention in the crypto market, especially with the growing popularity of “Pudgy Penguins” as one of the prominent projects in the NFT world.
