PENGU Token Airdrop Success and its Impact On Crypto Markets

The PENGU airdrop was announced months back, finally taking place on December 17. Over 760K wallets claimed a total of 15.5 billion tokens, but the event is still ongoing for the next 2.5 months.

The native PENGU tokens soared in value by over 800% hours after their launch, reaching prices of over $0.05 and a total market cap of over $3 billion.

The launch was done through an airdrop to Pudgy Penguins NFT holders and other assets that belong to the same ecosystem, including Pudgy Toys, physical plush collectibles available in mega-retailers like Walmart and Target. Such a massive launch set a new record in the meme coin sector, but new projects such as Wall Street Pepe and Solaxy are preparing to steal the spotlight as the newest crypto sensations that will dominate the market in 2025.

The PENGU airdrop was announced months back, finally taking place on December 17. Over 760K wallets claimed a total of 15.5 billion tokens, but the event is still ongoing for the next 2.5 months. Despite the massive numbers, the vast majority of wallets claimed only between 1,000 and 10,000, which had a starting price of $0.05.

However, only hours after the launch, the token dropped to $0.03, so owners of Lil Pudgy got around $6,000 each, while Pudgy Penguins owners got around $60,000. That is around 200,000 and 2,000,000 tokens per item.

Naturally, the trading took off as soon as the tokens were claimed, resulting in a trading volume of over $90 million in the first hour. The market cap reached an all-time high of over $3 billion, launching PENGU tokens to the top 200 cryptocurrencies in the world.

The sudden market impact resulted in multiple CEX listings including Binance, Bybit, OKX, with many more to follow in the upcoming period. PENGU tokens are currently trading for $0.0326, with a total market cap of $2.05 billion.

The trading volume since launch has surpassed $2.3 billion, putting PENGU tokens at the 11th most-traded cryptocurrencies in the past 24 hours. These numbers are truly incredible, showing the power of a well-placed airdrop and a strong community. While PENGU made a huge impact, its initial success will likely die down in the next few weeks, making room for new launches with explosive potential.

In the sea of presales and new crypto releases, two stand out in the crowd as community favorites. Wall Street Pepe and Solaxy entered presale less than 10 days ago, and both are pushing through major milestones almost every hour. They are the most likely candidates for 100X returns in the near future, so let’s take a closer look at what they offer.

Wall Street Pepe is the newest frog-themed meme coin, but it’s far more than just a worthless humorous coin. It’s inspired by the famous GameStop stock fiasco, where small investors held up against multi-billion dollar hedge funds, earning massive returns on their investments back in 2020 and 2021.

Like Wall Street Bulls, the Reddit group behind the aforementioned stock acquisition, Wall Street Pepe aims to empower the little guy in the crypto market. The goal is to give small investments a chance against crypto whales, allowing them to find the best investment options at the right time. By giving users access to trading signals, insider groups, and other useful material, Wall Street Pepe will empower the so-called “Wepe Army”, ensuring its members have a chance to finally get to that Lambo in the 2025 crypto market bull run.

The idea was well received by the community, and the $WEPE token presale took off as soon as it went live. The project raised over $2 million in the first 24 hours and a total of over $31 million in the first ten days! These are incredible numbers for a meme coin ICO less than two weeks old, and a testament to the huge potential behind the project.

Early investors can purchase $WEPE tokens for as little as $0.0003649, and the maximum supply is limited to 200 billion. Token holders will get numerous benefits, including access to trading signals and insider groups, the chance to earn free $WEPE by submitting successful trades and collaborating with other Wepe Army members, as well as staking rewards of up to 42%.

Wall Street Pepe is preparing for a massive launch in the upcoming months, and if the current sell-off rate continues, it could become one of the most successful meme ICOs in recent history. Visit the official site, grab your $WEPE tokens early, and watch your investments multiply after it goes live on Tier 1 CEX listings!

Solana has had dozens of huge releases throughout