CandleFocus Top NFT Brand Pudgy Penguins to Release PENGU Token
2024-12-06
Author: Content Editor
The team behind the popular NFT collection Pudgy Penguins has announced plans to release a cryptocurrency called PENGU on the Solana blockchain. A total of 88 billion PENGU tokens will be issued, with 23.5% reserved for owners of the project's NFT collections. The Pudgy Penguins collection has remained culturally relevant despite the NFT market crash, and the team hopes to leverage its large following on social media platforms to create a passionate community around the cryptocurrency. Pudgy Penguins is currently the third-largest NFT collection by market capitalization, behind CryptoPunks and Bored Apes Yacht Club.
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