Pudgy Penguins to launch official coin PENGU in december
Three years ago, Pudgy Penguins was introduced as a collection of 8,888 NFTs that featured humorous and vibrant birds. Today, as a major player from the formerly popular NFT era, it is now entering the cryptocurrency issuance market.
Introducing $PENGU, the official coin of Pudgy Penguins.
— Pudgy Penguins (@pudgypenguins) December 6, 2024
Launching in 2024. Learn more below. pic.twitter.com/J715bODcM6
In a social media post on Thursday, the team behind the well-known non-fungible token project Pudgy Penguins announced that they would be releasing their own cryptocurrency, Pengu (PENGU), this year. Pudy Penguins wrote in a post on X that “With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character. Now, everyone can join The Huddle.”
Distribution of Pudgy Penguins Solana-based official token PENGU
PENGU will launch on Solana and have a total supply of 88,888,888,888. On the other hand, Pudgy Penguins NFTs are built on the Ethereum network. With 17.8% going towards current and future teams, 12.35% for liquidity, 25.9% goes to the Pudgy community, 11.48% goes towards the company, 4% for public good, 4% for proliferation, 0.35% for FTT holders, and 24.12% goes towards other communities and approximately 5,000,000 new huddle members.
Pudgy Penguins becomes crypto's most influential community
Since its 2021 launch, Pudgy Penguins has become one of the most popular NFT collections. It has increased its offline presence by establishing retail partnerships with Target and Walmart. The project explained in the post that Pudgy Penguins have emerged as the face of cryptocurrency during the past three years. With millions of followers, millions of homes across the globe, and more than 50 billion views, Pudgy Penguins has solidified its place in the hearts and minds of both the general public and popular culture.
The widespread adoption of cryptocurrency assets is still being propelled by Pudgy Penguins, one of the early forerunners of crypto culture. A prophecy that has been developing for years begins with the launch of PENGU. Official Pudgy Penguins accounts have more than 3 million Instagram, X, TikTok, and YouTube followers, and their videos have received 32 billion views on Giphy.
Pudgy Penguins hits all-time high of $75,000
With Bitcoin surpassing $100,000 this week, Pudgy Penguins reached a new all-time high of over $75,000. Under Luca Netz's direction, Pudgy Penguins flourished from near-collapse to cryptocurrency fame. The collection's growth in IP and fan base, along with its expansion into NFT gaming and retail partnerships with Walmart and Target, are driving renewed demand.
According to CoinGecko data, Pudgy Penguins has a market capitalization of approximately 173,218 ETH ($668 million). On the last day, its price increased by 23.6% and is currently trading at 19.49 ETH ($75,000).
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