As the decentralized perpetual contract trading protocol HyperLiquid (HYPE) continues to set new historical highs and becomes one of the largest airdrop activities in 2024, a new wave of airdrops seems to be coming again. Several popular projects will start airdrops next.
1. Pudgy Penguins
It is not uncommon for NFT projects to issue project tokens, including Yuga Labs, the publisher of BAYC(BAYC), which launched the project token Apecoin (APE) as early as 2022. On December 6, according to official news, Pudgy Penguins announced the launch of its native token PENGU, with a total supply of 888.8888888880 million, and will be launched on Solana. According to the token distribution plan, 25.9% will be airdropped to the Pudgy community. According to analysts, Pudgy Penguins NFT holders are expected to receive $31,000-61,000 (7.9 ETH-15.8 ETH) each.
After the airdrop news was announced, the floor price of the Pudgy Penguins series of NFTs has risen sharply, and now exceeds 22 ETH. Its market value has surpassed BAYC, becoming the second largest NFT after CryptoPunks.
The official has not yet announced the specific airdrop snapshot date, but it is expected to be soon. When the airdrop snapshot ends, the NFT floor price will usually fall back quickly, so be aware of investment risks.
Compared with similar projects APE and MOCA, PENGU's valuation is expected to be between US$1.5 billion and US$3 billion.
2. Usual
Usual is a secure, decentralized fiat stablecoin issuer that will distribute platform ownership and governance through its platform token USUAL in the future. Usual is a multi-chain infrastructure that brings together the growing tokenized real-world assets (RWA) of BlackRock, Ondo, Mountain Protocol, M0, and Hashnote entities, and transforms them into a permissionless, on-chain verifiable and composable stablecoin USD0.
On November 19, Usual was launched on the Binance Launchpool section and pre-market trading market.
On December 6, Usual announced on social media that it has opened airdrop inquiries and will conduct USUAL airdrops in mid-December. The current price of USUAL on the Binance pre-market trading market has previously exceeded $0.6 and is now $0.57, a 24-hour increase of 23%. The circulating market value is approximately $1.97 and the FDV is $2.3 billion.
3. Movement
Movement has exploded in popularity today. Almost all mainstream exchanges have listed its project token MOVE, including Binance, Coinbase, OKX, and South Korea’s two major exchanges Upbit and Bithumb.
Movement is the first Move language blockchain based on Ethereum, providing higher security, high TPS and near-instant final confirmation.
The total supply of $MOVE is 10 billion, and the initial circulation is approximately 2.2 billion.
Binance has just announced today that the third phase of the HODLer airdrop section will be launched, with a total of 200 million MOVE airdrops, accounting for 2% of the maximum supply. At the same time, Binance will also launch MOVE trading (East 8 Zone) at 21:00 on December 9.
Compared with similar MOVE language projects, Sui Network (SUI) currently has a circulating market value of $11.8 billion and FDV has a circulating market value of $40.3 billion. Aptos (APT) currently has a circulating market value of $7.3 billion and FDV has a circulating market value of $15.4 billion. Given the popularity of Movement today, MOVE's market value is likely to be comparable to SUI and APT.
Movement's investment lineup:
