NFT project "Fat Penguin" announces the issuance of PENGU tokens! Total quantity 88.8 billion, issued on Solana

According to the official announcement, the Ethereum Non-Fungible Token (NFT) project "Pudgy Penguin" announced that it will issue the official token PENGU. The Pudgy Penguin team wrote in the announcement: "With PENGU, hundreds of millions of Pudgy Penguin fans and billions of people who see and share Pudgy Penguin outside the cryptocurrency realm every day finally have the opportunity to connect with this character. Now, everyone can join 'The Huddle' (the term used by the Pudgy Penguins community, symbolizing unity and shared passion)." It is reported that the total supply of PENGU is 88,888,888,888, and it will be initially issued on the Solana blockchain. However, the team members stated that they will adopt a multi-chain model in the future, expanding the token to ecosystems such as Ethereum. The specific token economics and token allocation are as shown in the image. Since Pudgy Penguin NFT and FTT holders can both receive token shares, these two assets have seen significant increases in the past 24 hours.