Pudgy Penguins Token Lists on Binance with 88.8B Total Supply

TLDR

• Pudgy Penguins (PENGU) token launched on Binance on December 17, with over 7 million wallets eligible for airdrops and a projected initial price of $0.10
• Total token supply is set at 88.8 billion PENGU, with more than 70% in circulation at launch including airdrop allocations
• Initial $0.10 price would value PENGU at $7 billion market cap, potentially placing it among top 30 cryptocurrencies
• BNB holders can participate in HODLer Airdrop program, with rewards based on their BNB balance
• BNB currently trading at $717, up 15% over past month with $103 billion market cap

Pudgy Penguins launched its PENGU token on Binance and other major cryptocurrency exchanges on December 17, 2024, marking a new chapter for the community-driven project. The token’s debut comes with a projected initial price of $0.10 and makes over seven million wallets eligible for airdrops.

The token launch establishes clear tokenomics with a total supply cap of 88,888,888,888 PENGU tokens. More than 70% of these tokens will be in circulation at launch, including allocations set aside for the airdrop program targeting existing holders and community members.

At the projected launch price of $0.10 per token, PENGU would enter the market with an estimated $7 billion market capitalization. This valuation would immediately position Pudgy Penguins among the top 30 cryptocurrency projects by market size.

The project has built its foundation on community engagement and brand recognition. Pudgy Penguins aims to create a positive culture within the crypto space, combining memetic appeal with broader market accessibility.

Binance’s research team highlighted the launch as part of their latest market analysis. The exchange’s support includes listing the token and incorporating it into their HODLer Airdrop program, which rewards BNB token holders based on their holdings.

Users who participate in Binance’s ‘BNB to Simple Earn’ program will have special access to the PENGU airdrop. The size of the airdrop allocation correlates directly with the amount of BNB tokens held in their accounts.

Beyond the Pudgy Penguins community, 7 MILLION WALLETS are eligible to claim $PENGU tokens!

Yeah, this airdrop wasn't botted whatsoever. 🤣🤣🤣🤣🤣🤣 pic.twitter.com/Sv8MuB49LI

— Daito 💚 (@DaitoYoshi) December 16, 2024

The exchange also announced the launch of another token, Simon CAT, expanding the range of assets available through their airdrop program. This addition provides BNB holders with more opportunities for token rewards.

In the broader market context, Binance’s native token BNB has shown strong performance. The token trades at $717, representing a 15% increase over the past month. BNB’s price movement has ranged between $704 and $730 in recent trading.

BNB’s market metrics demonstrate steady growth, with a 32% price increase over the last quarter. The token maintains a market capitalization of $103 billion, supported by daily trading volume of $2 billion.

The PENGU token distribution includes various allocations beyond the initial circulating supply. These allocations ensure ongoing development, community rewards, and project sustainability.

Whale Market data suggests strong interest from both retail investors and larger market participants ahead of the token launch. The combination of established brand recognition and broad distribution strategy has attracted attention from different segments of the crypto market.

The token’s availability across multiple major exchanges aims to provide adequate liquidity from day one of trading. This multi-exchange approach helps ensure price stability and market access.

Pudgy Penguins has developed its token launch strategy over several months, focusing on community building and market preparation. The project team has emphasized transparency in their tokenomics and distribution plans.

The December 17 launch date coincides with increased activity in the broader cryptocurrency market. BNB’s recent price performance provides a supportive backdrop for new token launches on the Binance platform.

Current market data shows daily trading volumes ready to support the token’s entry into active trading. Exchange order books are prepared to handle the expected trading activity following the launch.