- Pudgy Penguins reach a new all-time high, increasing market confidence.
- The launch of the $PENGU token is expected to generate additional interest in the collection.
As a seasoned crypto investor with a knack for spotting promising projects and a penchant for NFTs, I must say that the recent surge of Pudgy Penguins is nothing short of astonishing. The breakthrough of its new all-time high, surpassing even the BAYC Ethereum price point, is a testament to its potential and a historical milestone in the world of NFTs.
For the first time, Pudgy Penguins have shattered a significant Ethereum price barrier at 21.49 ETH ($83,930). This surpasses the value of Bored Ape Yacht Club (BAYC), currently standing at 19.85 ETH. This remarkable achievement comes as anticipation builds for the upcoming launch of their native $PENGU token on the Solana blockchain.
Yesterday’s trading of Pudgy Penguins saw an increase of 7.1% in price and a significant surge of 2,653 ETH in trades. The excitement for the upcoming $PENGU token launch is understandable given its massive total supply of 88 billion tokens. A portion of this supply will be distributed within the community, contributing to the expansion and growth of the Pudgy Penguins ecosystem.
$PENGU Token and Future Growth Plans
The recent launch has sparked a surge in interest for Pudgy Penguins. Its current market value stands at approximately 188,569 Ether. It’s quickly catching up to the Bored Ape Yacht Club, which is currently valued at 196,101 Ether. The popularity of Pudgy Penguins is spreading worldwide, with millions following it and billions of views accumulated. This digital collection features 8,888 unique penguin cartoon NFTs and a new record-high price of 22.9 Ether. This is the first time in the past ten months that the price has reached such a significant peak.
CEO Luca Netz has just announced a virtual gathering to delve deeper into the details of an upcoming token set for release on the Solana blockchain. This innovative token aims to bring together existing users and new communities by bridging real-world shopping habits with the digital world of cryptocurrency.
The $PENGU token will have a total issuance of 88.8 billion units, a significant portion of which is earmarked for the community and strategic uses. However, the announcement has led to fraudulent activities such as phony links and automated messages on Telegram by scammers targeting potential investors. It’s important to note that no Token Generation Event (TGE) date has been scheduled yet, and Pudgy Penguins has not disclosed the method for token allocation.
Furthermore, the Pudgy Penguins initiative secured a $11 million investment to establish Cubed Labs, a Layer 2 endeavor dedicated to fostering widespread cryptocurrency adoption. By prioritizing user experience, they aim to facilitate a smooth incorporation of crypto products within mainstream society.
Plump Penguins, leading innovators in the NFT sector, plan to prioritize tokenization, community development, and new product creation to establish themselves as prominent figures navigating the dynamic and evolving Web3 landscape.
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2024-12-10 07:37