As a seasoned analyst with years of experience in the dynamic world of cryptocurrencies, I find myself intrigued by Binance‘s latest move to list $PENGU, the token of the popular NFT project Pudgy Penguins. The timing couldn’t be better, as the holiday season is often a period of increased activity and investment in the crypto space.
On December 17th, Binance is set to debut the $PENGU token from Pudgy Penguins on its platform for live trading. The trading commences at 14:00 UTC, with pairs available against USDT, BNB, FDUSD, and TRY.
This announcement coincides with Binance’s ongoing HODLer Airdrop program, which aims to recognize and compensate BNB holders actively involved with Simple Earn products from the eligibility period spanning between December 9, 2024, and December 12, 2024.
Individuals who have registered their BNB assets for Simple Earn will be granted $PENGU tokens during the airdrop event. These tokens are scheduled to be distributed an hour prior to trading commencement, and they will be deposited directly into the Spot Wallets of eligible users.
88,888,888,888 PENGU tokens are in existence, with 70.22% (roughly 62.4 billion) becoming available for circulation at launch. Meanwhile, an airdrop of around 2.67 billion PENGU tokens represents 3% of the total supply.
Additionally, the token carries a “seed” tag on the platform, signifying it’s newly launched and actively traded. This tag also serves as a reminder for users to exercise caution due to potential volatility in its pricing.
Background of Pudgy Penguins
2021 saw the debut of Pudgy Penguins, offering a set of 8,888 distinct Non-Fungible Tokens (NFTs) housed within the Ethereum blockchain.
By the close of 2024, the project had gained widespread acclaim, recognized for its innovative designs and lively, interactive community. It diversified into various industries, making inroads into mobile gaming and partnering with prominent retailers like ‘Walmart.’ There, it launched a line of physical toys.
The $PENGU token is Pudgy Penguins’ ticket into the crypto space. The token’s smart contract correctly operates on the Solana blockchain, with the contract address listed as ‘2zMMhc…uauv’.
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2024-12-16 19:00