The top-tier Ethereum blue-chip Non-Fungible Token (NFT) project "Pudgy Penguins", known for its cute penguin image, opened the $PENGU airdrop claim last night (17th). Holders of Pudgy Penguins (total supply of 8,888), Lil' Pudgys (small penguins, total supply of 22,000), Pudgy Rods, or peripheral toys are all eligible to claim.
Furthermore, the community praised the project team for including Solana and Ethereum's OG wallets in the airdrop scope, and many users posted in the community to thank the official for the "pork knuckle rice".
According to the token economics, the initial circulating supply of $PENGU accounts for 70.22% of the total supply (88.88 billion), while the allocation to the team is 29.78%. According to the token unlocking plan, except for the team allocation, the remaining tokens are fully circulating at the time of the Token Generation Event (TGE).
$PENGU Chain Trading Volume Surpasses 1 Billion in Half a Day
This large-scale airdrop event immediately ignited the market after the launch of $PENGU. SolanaFloor pointed out that the on-chain trading volume of $PENGU exceeded $1 billion in less than 12 hours, surpassing the total trading volume of all centralized exchanges, including Binance. More than 50% of the on-chain trading volume was concentrated on Raydium.
According to CoinGecko data, the price of $PENGU once surged to $0.06845 after its launch, but then continued to decline and is currently trading at around $0.02701. Although the price has dropped by 60.5%, the trading volume in the past 24 hours has exceeded $2 billion, and the total market capitalization still stands at $1.716 billion, ranking 84th among cryptocurrencies, indicating the heat of trading and the market.
When it first launched last night, the market capitalization of $PENGU once reached $3.2 billion, surpassing $TIA, $INJ, and $WIF, and was only $2 billion behind $ENA, which is quite remarkable.
The "Big Fur" Title Is Well-Deserved
According to user feedback, a large penguin can receive 1,700,170 $PENGU, and a small penguin can receive 207,256 $PENGU. The following is a comparison of the airdrop token value and the pre-airdrop floor price:
Large Penguins:
- The pre-airdrop floor price once soared to 36 ETH (about $140,000)
- The airdrop tokens, calculated at $0.05, are worth about $85,000
- The return rate is about 60%
Small Penguins:
- The pre-airdrop floor price once reached 4.5 ETH (about $17,550)
- The airdrop tokens, calculated at $0.05, are worth about $10,326.8
- The return rate is 59%
In addition, Solana and Ethereum's old wallets may also receive airdrops. BlockTempo's test shows that 1,400 to 3,500 $PENGU can be claimed, worth about $70 to $175. (Note: Due to the large scale of this airdrop, the claim page may experience lag, and multiple attempts may be required to successfully claim.)
This news has prompted many netizens to share the good news in the community and compare it to the Hyperliquid airdrop.
Team Suspected of Selling Over 10 Million $PENGU
However, on-chain analyst Ai Aunt monitored that the address HoTdB...YL8YZ received 8.88 billion $PENGU from the token deployment address before the airdrop claim, suggesting that it may be an early investor or project team address.
This address has been selling the tokens gradually after the launch, and has currently sold 261 million $PENGU, worth over $10 million. It still holds 627 million $PENGU, worth about $19.29 million.
