A new token on the popular NFT collection Pudgy Penguins, Solana PromisesPreparing to launch.
The measure in question is that of a collection. NFT This is happening at a time when base prices have risen to $62,000. The Pudgy Penguins team announced the PENGU token, which they plan to launch by the end of the year. A total of 88 billion PENGU will be distributed among NFT owners such as Pudgy Penguins, Lil Pudgys, Pudgy Rods. The token distribution plan was as follows:
- 23.5 percent: Pudgy Penguins will be exclusive to NFT holders.
- 22.02 percent will be allocated to the Solana and Ethereum communities.
- 12.32 percent: To be used to provide liquidity in decentralized exchanges.

The price of Pudgy Penguins is increasing.
The Pudgy Penguins collection jumped more than 40 percent on its base price this week to a record high of $62,000. This increase BitcoinThis happened in parallel with exceeding the $100,000 threshold. Pudgy Penguins till date has managed to maintain a strong presence despite the ups and downs in the market. The collection, which has a total market value of $550 million, also earned $10 million from toy sales.
The popular collection has a strong brand presence with over 3 million social media followers and 32 billion views on Giphy. This wide audience provides a significant advantage in brand new initiatives.
Latest situation in NFT market
The boom in cryptocurrencies is also increasing the value of NFTs. The total value of the NFT market reached $8.6 billion, and the weekly trading volume of Ethereum-based NFTs exceeded $101 million. Pudgy Penguins’ PENGU token initiative aims to capitalize on this uptrend.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.