PENGU, the Pudgy Penguins ecosystem token, launched on December 17, 2024, on the Solana blockchain with a total supply of 88.88 billion tokens. The airdrop allocates 25.9% of these tokens for the Pudgy Penguins community, including NFT holders. Additional allocations include 24.12% for other Web3 communities, 17.8% for team members, and various percentages for liquidity pools, the company, and public good initiatives. Initially, holders had until March 15, 2025, to claim their tokens, but this was shortened to just five days, ending on February 4, 2025, as 85% had already been claimed. Any unclaimed tokens will be burned. PENGU is designed to connect Pudgy Penguins fans more deeply with the brand and will eventually expand to Ethereum and other platforms. Users can trade PENGU on centralized exchanges like Binance and OKX as well as Solana-based decentralized exchanges.

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