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Airdrop-Fueled PENGU Token Soars to $6B FDV, Then Collapses
Summary: Pudgy Penguins’ native token, PENGU, experienced a significant price drop of over 50% shortly after its launch. The token hit an all-time high of $0.07 at its opening, with a fully diluted valuation (FDV) peaking at a staggering $6.2 billion. However, market sentiment quickly turned bearish, causing the token’s market cap to plummet to less ...
Pudgy Penguins’ native token, PENGU, experienced a significant price drop of over 50% shortly after its launch. The token hit an all-time high of $0.07 at its opening, with a fully diluted valuation (FDV) peaking at a staggering $6.2 billion. However, market sentiment quickly turned bearish, causing the token’s market cap to plummet to less than $2 billion.
According to the Pudgy Penguins website, approximately half of the total PENGU supply (nearly 89 billion tokens) has been allocated to community members, with around 26% specifically earmarked for NFT holders.
Tags: PENGU,Pudgy Penguins
Link: Airdrop-Fueled PENGU Token Soars to $6B FDV, Then Collapses [Copy]
