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What is PENGU?
PENGU is the Pudgy Penguins ecosystem token that’s now live on the Solana blockchain. It has a total supply of 88.88 billion PENGU tokens, 25.9% of which are set aside for members of the Pudgy Penguins ecosystem via an airdrop claim.
When is PENGU dropping?
PENGU launched as planned on December 17, 2024. Official links and claim details will only be shared and announced from the Pudgy Penguins account on X.
Who will get the PENGU airdrop?
A portion of the PENGU supply has been set aside to create sufficient liquidity for active trading of the token. The token distribution is as follows:
- 11.48%: Company (Igloo Inc., the Pudgy Penguins parent company, will receive 11.48% of the PENGU token, subject to the same one-year cliff and three-year vest that Pudgy Penguin employees received.)
- 4%: Public Good (Four percent of the PENGU token supply is set aside for public good efforts. Though not officially described, Pudgy Penguins has undertaken public good initiatives during the last year with its Pudgy Kindness campaigns, sending funds and helping underappreciated streamers go viral on social media.)
- 4%: Proliferation (Another small percentage of PENGU is set aside for efforts to expand the Pudgy Penguins brand, potentially through listings with centralized exchanges or brand marketing efforts.)
- 3%: FTT Holders (The smallest allocation of the PENGU token is set aside for FTT token holders. FTT is the native token of the infamous FTX exchange, which filed for bankruptcy and ceased operations following its November 2022 collapse. The token saw a brief spike to nearly $4 on the day of the PENGU announcement—a nearly one-year price peak—but has since retraced. No official holding criteria has been shared at this time.)
- 25.9%: Airdrop Claim (25.9% of the PENGU token supply is set aside for members of the Pudgy Penguins ecosystem via an airdrop claim.)
How to claim PENGU
Pudgy Penguins has shared claim details via X, and users have 88 days to claim the token—until March 15, 2025. Any unclaimed PENGU will be permanently locked, effectively removed from the circulating supply.
Where can you trade PENGU?
PENGU went live for spot trading on the centralized crypto exchanges Binance, OKX, and Bybit, with more expected to join the fray. Additionally, users can trade PENGU via Solana-based decentralized exchanges, or DEXs.
Conclusion
PENGU, the token of the Pudgy Penguins ecosystem, has launched on the Solana blockchain. With a total supply of 88.88 billion tokens, 25.9% of which are set aside for members of the Pudgy Penguins ecosystem via an airdrop claim, PENGU is poised to become a major player in the world of cryptocurrency.
FAQs
Q: What is PENGU?
A: PENGU is the Pudgy Penguins ecosystem token that’s now live on the Solana blockchain.
Q: When did PENGU launch?
A: PENGU launched on December 17, 2024.
Q: Who will get the PENGU airdrop?
A: A portion of the PENGU supply has been set aside to create sufficient liquidity for active trading of the token, as well as for public good efforts, proliferation, FTT holders, and members of the Pudgy Penguins ecosystem via an airdrop claim.
Q: How can I claim PENGU?
A: Pudgy Penguins has shared claim details via X, and users have 88 days to claim the token—until March 15, 2025. Any unclaimed PENGU will be permanently locked, effectively removed from the circulating supply.
Q: Where can I trade PENGU?
A: PENGU went live for spot trading on the centralized crypto exchanges Binance, OKX, and Bybit, with more expected to join the fray. Additionally, users can trade PENGU via Solana-based decentralized exchanges, or DEXs.