Pudgy Penguin (PENGU) Surges to Become a Top 75 Crypto Asset After Successful Dec 17 Airdrop

PENGU has surged by 219% in the last 24 hours causing a stir in the global crypto space as participants who claimed their Pengu tokens yesterday sit on potential profits.

Pudgy Penguin (PENGU) has surged to become a top 75 crypto asset after its successful Dec 17 airdrop.

PENGU has surged by 219% in the last 24 hours causing a stir in the global crypto space as participants who claimed their Pengu tokens yesterday sit on potential profits.

Pudgy Penguin is the fourth-largest NFT collection by market capitalization and the project held an airdrop campaign for its native token Penguin yesterday.

The Pengu airdrop which was highly anticipated in the global crypto space started on Dec 17 airdropping over 15.5 billion Pengu tokens to nearly 760,000 wallets

However, the daily volume spiked massively, reaching a new all-time high.

The decline in the Pudgy Penguin floor price offsets all of the airdrop value at the current price, removing any arbitrage opportunities.

The global crypto community was satisfied with the Pengu airdrop with no issues raised and a lot of feedback on the community-focused nature of the airdrop.

A user who bought $10,000 worth of PENGU on the Raydium liquidity pools before the airdrop and saw them turned to $5 in a short time.