# Pudgy Penguins NFT Collection Launches PENGU Token

*Author: Kazu Umemoto*
*Published: Dec 17, 2024*
*Source: https://www.bankless.com/de/read/pudgy-penguins-nft-collection-launches-pengu-token*

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Tuesday morning, NFT project Pudgy Penguins launched its token, PENGU, on Solana. Multiple Pudgy Penguin related communities are able to go and claim their  share of PENGU tokens.

## What’s the Scoop?
- **Hefty FDV: **The token is trading at $0.33 with a fully diluted market value just short of $3 billion, nearly double that of Yuga's APE token.
- **Total Supply:** PENGU has a total supply of 88,888,888,888 tokens. 25.9% of the PENGU supply is allocated to the Pudgy Penguins Community.
- **Claim Period:** Users who are eligible for the airdrop will have 88 days to claim their tokens before they are burned.

## Bankless Take:
Pudgy Penguins have come a long way since their launch in 2021. They have developed one of the strongest NFT communities, came out with their toy collection, launched a sub-NFT collection that has done well, and are now launching their token that has rocketed the floor price for all Pudgy Penguin-related NFTs. If the PENGU token launch can sustain those gains and deliver value back to token holders, Pudgy Penguins could become the new standard bearer among NFT companies.