Pudgy Penguins (PENGU) valuation outlook ahead of tonight's launch
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Pudgy Penguins (PENGU) valuation outlook ahead of tonight's launch
Open for claim tonight at 9:00, with over 50% of tokens airdropped to the community.
Navigating Web3 tides with focused insightsAuthor: Azuma, Odaily Planet Daily
The highly anticipated Pudgy Penguins token (PENGU) will officially launch tonight.
Luca Netz, CEO of Pudgy Penguins, announced this morning on X that eligible participants—including holders of Pudgy Penguins, Lil Pudgys, Rogs, and SBTs—can begin claiming PENGU at 8:00 AM Eastern Time tomorrow (9:00 PM Beijing Time tonight). The claim period will last 88 days, after which any unclaimed tokens will be permanently locked or destroyed.
Buyers of Pudgy Toys will also be included in the airdrop. However, since Pudgy Toys / Pudgy World is built on Abstract, the bridge functionality for claiming PENGU via LayerZero will go live when the Abstract mainnet launches. Pudgy Toys buyers will then be able to claim their PENGU. Further details will be released in January when the Abstract mainnet goes live.
PENGU Exchange Listings
At the time of writing, both Binance and OKX have officially announced support for PENGU.
Binance has revealed that PENGU will be its fifth HODLer Airdrop campaign. Users who subscribe to fixed- or flexible-term products on the BNB Earn platform between December 9, 8:00 AM and December 13, 7:59 AM Beijing Time will receive airdropped tokens. PENGU is expected to go live at 10:00 PM tonight, with trading pairs including USDT, BNB, FDUSD, and TRY.
OKX has already opened PENGU deposits and stated that trading will commence as soon as deposit volumes meet requirements.
PENGU Tokenomics
Earlier today, Binance Research published key details about PENGU ahead of its listing.
PENGU has a total supply of 88,888,888,888 tokens and will be issued on the Solana network. The token contract address is 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv. At launch on Binance, the circulating supply will be 62,415,951,646 tokens, approximately 70.22% of the total supply.
The detailed allocation of PENGU is as follows:
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29.78% allocated to the team, investors, and advisors—this portion will be locked for one year and linearly released over the following three years;
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47.87% allocated for community airdrops;
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3% reserved for the Binance HODLer Airdrop;
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12.35% used to build initial liquidity;
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4% dedicated to supporting public initiatives;
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3% allocated for marketing and expansion.
As shown in the image below, apart from the team, investor, and advisor allocation, all other portions of PENGU will be unlocked at launch.
PENGU Valuation Expectations
Currently, multiple pre-launch trading platforms have opened PENGU futures trading. As of around 1:00 PM Beijing Time, the valuation across platforms is as follows:
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Aevo lists PENGU at $0.04128, implying a market cap (MC) of approximately $2.576 billion and a fully diluted valuation (FDV) of $3.669 billion;
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whales.market lists PENGU at $0.0439, implying a market cap (MC) of approximately $2.74 billion and an FDV of $3.9 billion.
If we use NFT-related tokens like APE and MOCA, or animal-themed meme coins such as PEPE and WIF as reference points, the comparative valuation outlook for PENGU is shown below.
Summary
Given the current market enthusiasm and Pudgy Penguins’ increasingly dominant position within the NFT niche, PENGU is expected to attract significant attention upon launch. However, due to the relatively large initial circulating supply, there may inevitably be selling pressure from airdrop recipients taking profits. Investors should make rational decisions based on their own expectations and conduct thorough research (DYOR).
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