NFT project Fat Penguin will issue token PENGU on the Solana chain! FTT holders can also airspace

The cute penguin NFT project Pudgy Penguins will soon launch the official token $PENGU on the Solana chain! The project announced today that the $PENGU token will be issued in December 2024 and has announced a detailed token economics allocation plan.

$PENGU Token Allocation:

Pudgy Penguins team announced the allocation ratio of $PENGU tokens:

• Total supply: 88,888,888,888 pieces
• Pudgy Community: 25.9%
• Other communities: 24.12%
• Liquidity: 12.35%
• Partners: 11.48% (Locking for one year, unlocking in three years)
• Team: 17.8%
• Public sale: 4%
• Proliferation: 4%
• FTT holders: 0.35%

It is worth noting that former FTX exchange platform coin $FTT holders will receive a 0.35% airdrop of $PENGU token.

Market reaction:

As soon as this news came out, the FTT price rose accordingly, with an increase of as high as 64.1% yesterday, and it still maintains an upward trend. The floor price of Pudgy Penguins NFT also rose accordingly, with an increase of 19.1% in the past 24 hours.

The official has not yet announced the time of tokens and NFT snapshots. Investors need to pay close attention to subsequent official announcements.

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