$PENGU: The Official Token of the Pudgy Penguins Ecosystem

$PENGU is the official token of the Pudgy Penguins ecosystem, a vibrant NFT community known for its adorable penguin-themed artwork.

Airdrop Summary

The PENGU token was launched on December 17, 2024. During this event, an estimated 62.8 billion PENGU tokens were distributed to millions of eligible NFT holders, traders, and team members. This airdrop covered more than half of the total supply, which stands at 88.88 billion tokens.

The airdrop mainly targeted those who held Pudgy Penguins NFTs, along with owners of other affiliated assets such as Lil Pudgys and Pudgy Rods. Interestingly, there was no historical snapshot taken; instead, eligibility was determined at the time of token generation. Participants had an 88-day window to claim their tokens, which lasted until March 15, 2025. Any unclaimed tokens after this period were permanently locked and removed from circulation.

Following its launch, PENGU initially saw a surge in value, which later experienced a sharp decline. The excitement surrounding the PENGU airdrop also impacted the prices of Pudgy Penguins NFTs. After the initial surge in interest, the floor price for these NFTs dropped significantly, reflecting broader market volatility.

Tokenomics

$PENGU boasts a well-defined tokenomics structure that prioritizes community growth and long-term sustainability:

A total of 88.88 billion $PENGU tokens have been minted and fully circulating, reflecting the project’s playful branding.

Of the total supply, 70% (62.8 billion) is allocated to the Pudgy Penguins community airdrop.

The remaining 30% (26.08 billion) is allocated for future use cases, including the Pudgyverse, NFT royalties, metaverse integration, and community initiatives.

Token Price Performance & Future Outlook

Pudgy Penguin Coin Technical Analysis

At the time of writing, the price of $PENGU is up by 1.16%. After a significant downtrend early on, the price has entered a consolidation phase with minor bullish spikes.

The RSI is trending below 50, showing neutral to slightly bearish conditions. $ PENGU price resistance appears to be around0.18 USDT, while support lies near0.14 USDT.

VWAP values are showing0.1596,0.1629, and0.1563, indicating the price is currently below VWAP, signaling slight bearish momentum in the short term.