The anticipated $PENGU token airdrop, a pivotal event for the Pudgy Penguins NFT collection, took place last week, sparking significant interest and engagement among participants.
Airdrop Stats: Massive Engagement
Out of 23.1 billion $PENGU tokens allocated, 21 billion have been claimed by 1.1 million addresses, marking about 91.1% completion. Crypto analyst Ignas DeFi highlighted on X that 74% of recipients sold or transferred their tokens to centralized exchanges, a common trend in airdrop events.
Holders: Strength in Stability
Despite sales, 16% of recipients are holding their $PENGU, with 3.5% buying more. With 70% circulating supply, holders are eyeing the next unlock event in a year, offering hope for price stability.
The Future of $PENGU
The $PENGU token surged by over 600% in a month, supported by its listing on the South Korean exchange Bithumb. Available on major platforms like Binance and OKX, analysts speculate its market cap could reach $10 billion amid market growth.
Despite extensive sell-offs, $PENGU shows promise for growth and stability, bolstered by holder support and major exchange listings.
