Guaranteed 30,000 pounds for everyone? Fat Penguin NFT will airdrop billions of PENGU tokens, and 8 types of people can claim them.

As the year 2025 approaches, in addition to Bitcoin successfully breaking through the 100,000 mark, the Non-fungible Token zone has also ushered in the final battle of this year.

Non-fungible Token blue-chip project Pudgy Penguins announced that it will issue its Token $PENGU within 2024. According to Non-fungible Token data, the Floor Price of Lil Pudgys has risen by 17.6% within 24 hours, reaching 1.92 Ethercoin; the Floor Price of Pudgy Penguins has risen by over 20%, reaching 18.5 Ethercoin. The coin issuance by Pudgy Penguins has revitalized the Non-fungible Token market, leading to a 66% increase in daily volume in the Non-fungible Token zone.

Odaily combines recent actions by Pudgy Penguins to conduct a thorough analysis of its upcoming launch coin, and preliminary estimates Pudgy Penguins' Market Cap.

"Fat Penguin" launch coin, predicting Market Cap up to 15 billion US dollars

Pudgy Penguins is an Non-fungible Token project featuring cute penguin characters. Despite experiencing setbacks such as team changes, under the leadership of new CEO Luca Netz, Pudgy Penguins has successfully achieved a market capitalization ranking among the top three in the Non-fungible Token zone through IP incubation, game development, and the launch of toys on Amazon.

During the past Bear Market, Pudgy Penguins demonstrated strong market resilience. The project not only maintained a certain level of popularity in the Non-fungible Token market, but also enhanced its brand's commercial value through multiple IP collaborations. For example, the Pudgy Penguins had an exclusive collaboration with Walmart to launch the 'Celebrity Gift Box' and partnered with the high-end cookie brand Last Crumb to release a limited edition Pudgy Penguins cookie gift box. These initiatives effectively expanded the brand's influence, enabling it to stand out in the highly competitive Non-fungible Token market.

Now, the highly anticipated Pudgy Penguins launch coin is coming. The official stated that the $PENGU token will first be issued on Solana, and plans to adopt a multi-chain strategy, with future enablement on Ethereum and Abstract Chain.

$PENGU's tokenomics

The total supply of $PENGU Token is 88,888,888,888, and the specific token distribution is as follows:

Team (1-year lock-up period, 3-year vesting period): 17.8%

Expansion: 4%

FTT holder: 0.35%

Liquidity: 12.35%

Public Coordination: 4%

Pudgy Community: 25.9%

Company (1 year lock-up, 3 year vesting period): 11.48%

Other communities: 24.12%

The proportion of the company and team is about 30%, while the community Airdrop accounts for about 51% of the total. The community Airdrop does not have a lock-up period. Non-fungible Token holders on social media generally express support for the Token economic model and expect the potential value of Airdrop Tokens.

According to the analysis by community user @BTCThinker88, the airdrop value of Pudgy Penguins' $PENGU Token will be considerable, with each holder expected to receive between $31,000 to $61,000 (approximately 7.9 Ethercoin to 15.8 Ethercoin); if Abstract Chain also provides token distribution for the penguin community, this could become one of the biggest wealth creation events of 2024, following HYPE.

Image source: BTCThinker88

According to the analysis of this user, the Market Cap (FDV) of $PENGU Token is estimated to be between $1.5 billion and $3 billion, directly benchmarking Apecoin's $1.9 billion Market Cap. If the existing Non-fungible Token Market Cap is used for total measurement, Lil Pudgys has a Market Cap of approximately $160 million, Pudgy Penguins has a Market Cap of approximately $650 million, and the total Market Cap is approximately $810 million. The Market Cap of Apecoin's Non-fungible Token projects is approximately $1.2 billion. Calculating $PENGU Token's Market Cap based on the Non-fungible Token project Market Cap, it is expected to be around $1.3 billion; considering the potential increase in the initial stage of the Non-fungible Token project's launch coin, $PENGU's initial Market Cap may be around $1.5 billion.

Is launch coin the last stop of 'Fat Penguin'?

Previously, many well-known Non-fungible Token projects have used 'launch coin' as the last stop. The correlation between the tokens issued after the launch coin and the Non-fungible Tokens is not high, and in subsequent project launches, the role of the token is minimal. Therefore, it has been criticized by the market: the launch coin is the 'pension fund' pre-stored by the team for the Non-fungible Token project.

For example, projects like BAYC and Memeland performed well in the initial stage of the coin launch, but due to the decline in later narratives and market heat, the subsequent market trends are not optimistic. The $APE Token of BAYC soared in price at the beginning of its launch, skyrocketing from 1 USDT to 28 USDT at one point. However, as the market heat diminished, the price of $APE also fell accordingly.

In contrast, $PENGU may not necessarily face the same fate after the launch coin. The Pudgy Penguins project has a unique sense of community participation and a diversified development strategy, enhancing its long-term value through rich brand stories, game development, and collaboration with other brands. Officials have stated that Pudgy Toys will relaunch in Walmart stores in 2025.

In addition, Pudgy Penguins has planned a series of follow-up projects, such as launching the Web3 game Pudgy Party next year and developing new IPs, all of which will provide a wider range of application scenarios for $PENGU Token. Through these initiatives, Pudgy Penguins may consider 'launch coin' as a new starting point rather than an endpoint, further driving the growth of the brand and the activity of the community.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this, at your own risk.

This article is authorized to be reprinted from: "PANews"

Original author: How about it, Odaily Planet Daily

The article 'Every person earns a guaranteed 30,000 pounds? Fat Penguin NFT will airdrop billions of PENGU coins, 8 types of people can all claim' was first published in 'encryption city'.