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Pudgy Penguins $PENGU Airdrop Claims Go Live Today
The highly anticipated airdrop claims for the token $PENGU have finally gone live today at 8:00 AM EST. As part of this development, holders of Pudgy Penguins, Lil Pudgys, Rogs, and Soulbound Tokens (SBTs) will be able to claim their share of the $PENGU tokens.
In a recent announcement, CEO Luca Netz emphasized the importance of caution when claiming the airdrop, urging users not to rush into the process without thoroughly verifying the link they are using and cross-checking it with official Pudgy Penguins channels. This is an essential step in preventing potential scams that could lead to financial losses.
To successfully claim their tokens, users will need to connect both a Solana wallet and an Ethereum wallet on the same device. Furthermore, a minimum balance of $10 worth of $SOL is required for gas fees. Due to the complexity involved with dual wallet approvals on mobile devices, it is recommended that users utilize a desktop setup.
The $PENGU token’s total supply has been capped at 88,888,888,888 tokens, which will be minted on the Solana blockchain during the Token Generation Event (TGE). Notably, a 25% airdrop will be allocated to Solana users. Additionally, active participants in the Solana ecosystem, including those using Phantom and Jupiter dApps, may also receive $PENGU tokens without needing to hold any Pudgy NFTs.
While the token launches on the Solana blockchain, it is expected to expand its reach to Ethereum and AbstractChain, a layer-2 scaling network built by Igloo Inc. The news has sparked excitement among investors and enthusiasts alike, with rumors of other exchanges considering supporting $PENGU for spot trading. Binance, one of the earliest supporters of the project, has already confirmed it will list the token at 9:00 AM ET today. This is set to be followed by Bybit and OKX, with decentralized exchanges (DEXs) on Solana also providing trading services.
In related news, Pudgy Toys built on AbstractChain will eventually be bridged to $PENGU via LayerZero once Abstract’s mainnet goes live. This integration aims to enable Pudgy Penguins toy buyers to claim their respective tokens, with further details expected in January 2025.
The buzz surrounding the airdrop has already translated into significant market activity. The token has reportedly generated an astonishing $389,500 in pre-market trading, with the overall market cap of Pudgy Penguins reaching 293,126 ETH (over $1 billion) following a 24-hour sale of 190.
Source: www.cryptonewsz.com
