Pudgy Penguins Launches PENGU on Solana With 88-Day Claim Period; Price Soars Over 800%

The post Pudgy Penguins Launches PENGU on Solana With 88-Day Claim Period; Price Soars Over 800% appeared first on Coinpedia Fintech News

In a latest development, The Pudgy Penguins NFT project released its native token, PENGU, on the Solana blockchain and allowed NFT holders to claim tokens via an airdrop. Holders of Pudgy Penguins, Lil Pudgys, Rogs, and soulbound tokens (SBTs) were eligible to participate in the airdrop, which went live at 8:00 a.m. ET.

The PENGU token was announced by Pudgy Penguins on December 5. The token aims to give millions of Pudgy Penguins fans and a wider audience a way to connect more directly with the brand.

According to recent reports, more than 88 billion PENGU tokens are now circulating on the Solana blockchain. The allocation is structured to benefit multiple holder categories. The CEO of the project, Luca Netz noted that in order to claim the tokens, the users would have to link both their Ethereum and Solana wallets. The users also needed to have SOL tokens of at least $10 value in their wallets for the gas fees. The claim period will be 88 days, and any unused tokens will be burnt after that period elapses.

$PENGU is now live.

Ca:

2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv https://t.co/9sTzfRywtI pic.twitter.com/SwmFbao7eq