TechFlow reports on December 6, according to analysis by community user @BTCThinker88, the PENGU token airdrop from Pudgy Penguins is substantial, with Pudgy Penguins holders expected to receive between $31,000 and $61,000 (7.9 ETH–15.8 ETH) each. If Abstract Chain also allocates tokens to the penguin community, this could become one of the largest wealth creation events in 2024 following HYPE.
The analysis indicates that the total supply of PENGU tokens is 88.888 billion, with 25.9% allocated to the community. Based on market capitalization estimates (FDV), it stands at $1.5 billion under bearish conditions, $2 billion under baseline assumptions, and $3 billion under bullish conditions. Comparable projects include BAYC's APE token with an $1.8 billion market cap and Mocaverse's MOCA token valued at $760 million.
