Express

Airdrop-Fueled PENGU Token Soars to $6B FDV, Then Collapses

Mary Liu

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.

Last Update:

Tags: ,
Link: Airdrop-Fueled PENGU Token Soars to $6B FDV, Then Collapses   [Copy]
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 9 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 14 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 28 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025
  • You need to login to comment.