Year-end benefits! A complete analysis of PENGU’s wealth effect and air investment qualifications

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Foresight News There are no fat penguins, you also have airdrops! Some people have received 40 million tokens, some have made millions in 20 minutes of trading, and some have lost $10,000 in seconds at the opening. Additionally, the NFT that can receive the most PENGU tokens is not the fat penguin? Written by: Alex Liu, Foresight News On the evening of December 17th, the PENGU token launched on Solana, with a maximum supply of 88.88 billion! As soon as the token was launched, the trading activity was unusually hot, but the profits and losses of the traders were vastly different: After the launch of PENGU, a certain trader spent 23,742 SOL (about $5.36 million) to purchase 2.396 billion PENGU, and then sold them for 60,726 SOL (about $13.72 million), making a profit of 36,984 SOL (about $8.36 million) in less than 20 minutes. In stark contrast to the genius trader, there was this unlucky person: Someone used $10,000 to rush the opening, but didn't expect the opening price of PENGU to be completely unrealistic, and finally bought PENGU at a valuation of about $140 billion (equivalent to China's annual GDP), and the $10,000 turned into $5 in just a few seconds. In addition to the hot trading, the generous airdrop ratio and the huge number of eligible addresses are also one of the reasons for the high heat of the PENGU token. 25.9% of the PENGU token total will be distributed through airdrops to members of the Pudgy Penguins ecosystem, and 24.12% will be distributed to the "other community", which means that even if you don't have a fat penguin, you are very likely to be eligible for the PENGU airdrop! PENGU Token Economics The official has not yet released the specific categories that meet the airdrop conditions and the corresponding token quantities. According to the information publicly available on the Internet, the NFT that can receive the most PENGU tokens is not the fat penguin, but the rarest Pudgy Rods: 6,900,000 tokens / Pudgy Rods - Mythic (fishing rod NFT, rarity is Mythic) 1,700,170 tokens / Pudgy Penguins Ethereum main series with a total of 8888 fat penguin NFTs 398,550 tokens / Pudgy Rods - Epic (fishing rod NFT, rarity is Epic) 283,332 tokens / MVP [Soul-bound Token] 250,000 tokens / Abstract Enjoyers - Giga [Discord Identity] 213,332 tokens / 1000 Pengus Club [Soul-bound Token] 194,501 tokens / Pudgy Rods - Rare (fishing rod NFT, rarity is Rare) 188,384 tokens / Lil Pudgys Ethereum sub-series with a total of 18888 small penguin NFTs 163,332 tokens / TruePengu Ice [Soul-bound Token] 131,308 tokens / Pudgy Rods - Uncommon (fishing rod NFT, rarity is Uncommon) 105,786 tokens / Pudgy Rods - Common (fishing rod NFT, rarity is Common) 105,081 tokens / TruePengu Gold [Soul-bound Token] 103,332 tokens / TruePengu Iridescent [Soul-bound Token] 103,332 tokens / ARB Explorer [Soul-bound Token] 103,332 tokens / BNB Explorer [Soul-bound Token] 103,332 tokens / Poly Explorer [Soul-bound Token] 103,332 tokens / Pengu Influencer [Soul-bound Token] 43,332 tokens / Lil Pudgy Big Impact [Soul-bound Token] 43,332 tokens / Safety Pin [Soul-bound Token] 16,729 tokens / Abstract Enjoyers - Elite [Discord Identity] Uncertain amount / OG Eth users, Ethereum OG users, perhaps related to wallet age Uncertain amount / OG Sol users, Solana OG users, multiple eligibility criteria Uncertain amount / SOL diamond hands, SOL diamond hands, perhaps related to holding amount and duration Uncertain amount / Clusters, may depend on length and price Nasen CEO posted a screenshot showing that he can claim 40 million tokens! To become a Solana OG user, the known standards include: Jupiter active users, JUP stakers (unknown minimum threshold); BONK holders and locked-up BONKrewards (minimum requirement of 1 billion tokens); used Magic Eden before 2023; used the Swap function in the Phantom wallet to trade tokens, DRiP users before 2024, and Droplets buyers, etc. Community members who have obtained the "Elite" identity in the Abstract Discord have the eligibility to receive PENGU, provided that they declared the identity before the deadline and filled out the form on Discord. Eligible communities include but are not limited to: Plooshies, Doodles, Claynosaurz, Memeland, BoDoggos, Bitcoin Puppets, Nodemonkes, Azuki, Bored Ape Yacht Club, Mutant Ape Yacht Club, Wassies, Goblintown, Wonky Stonks, The Plague, Mocaverse, Onchain Gaias, and those who hold at least 1 billion Mog Coin (MOG). Buyers of Pudgy Toys who interact with the online Pudgy World game platform and collect "Pudgy Traits" (or equip virtual penguins with attributes) will also be eligible for PENGU. Pudgy Toys owners can access Pudgy World by scanning the QR code attached to the toys. According to Luca Netz, the Pudgy Penguins organizer, after scanning the code, users will be instructed to "collect traits and wait for the Abstract Bridge to go live". Based on the above distribution quantities, a Pudgy Penguins fat penguin NFT can receive an airdrop worth over $90,000 when PENGU first launched! It is worth noting that this airdrop did not take a snapshot of the penguin NFT owners, so whoever owns the NFT will be eligible to claim the tokens, and the same NFT can only claim the tokens once. After the launch of the PENGU token, the floor price of the Pudgy Penguins fat penguin NFT has plummeted from the intraday high of 36 ETH to around 16 ETH. But there are also some enviable lucky ones: Someone sold a fat penguin at the floor price after the crash, but the corresponding Lil Penguin (floor price around 2 ETH) and PENGU tokens have not yet been claimed, so the lucky buyer has almost made $100,000 for free! As of the time of writing, PENGU is priced at $0.032 on Binance, with a market cap of $1.72 billion.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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