Popular NFT brand Pudgy Penguins announced the launch of its native PENGU token on the Solana blockchain by the end of 2024. This could be a pivotal moment for the NFT brand which has been lately struggling due to the slowdown in the NFT market. As a result, the popular NFT brand is looking to expand its footprint in the fun games and meme coin market and revive its prospects.
PENGU Token Will Have A Total of 88 Billion Tokens Supply
According to an official post on X, PENGU will debut on the Solana network with a total supply of 88,888,888,888 tokens. The goal is to provide fans and newcomers a chance to connect with the Pudgy Penguins ecosystem. However, users must note that the Pudgy Penguins NFTs will continue to operate on the Ethereum blockchain network.
To incentivize community participation, Pudgy Penguins ensures a fair and equitable distribution of the tokens. Approximately 23.5% of the 88 billion PENGU tokens will be allocated to holders of the project’s NFT collections, i
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