PENGU Shakes Up Solana’s Crypto Market with Massive Airdrop
PENGU Token Starts on Solana
Tuesday on Solana, the Pudgy Penguins ecosystem coin PENGU released. Within hours, it was among the top 100 cryptocurrencies based on market value. Through an airdrop that has created a lot of hype, millions of NFT owners and traders qualify to collect tokens.
With a market worth of about $2.1 billion, PENGU is now trading at roughly $0.0335. According to CoinGecko, this ranks it as the 76th biggest crypto by market cap. Originally valued at $0.068, the coin fell 51% on its first day of trade. The sudden drop represents the volatility often seen with just introduced tokens.
Source: CoinGecko
PENGU carries little over 88.88 billion tokens overall. The airdrop consumes more than half of this supply….
