The Pudgy Penguins NFT collection has made headlines with the launch of its native cryptocurrency, PENGU. This new token, built on the Solana blockchain, represents a significant milestone for the project and its community. If you’re curious about how to participate or check your eligibility, this guide covers everything you need to know.
What Is the PENGU Airdrop?
The Pudgy Penguins team officially launched the PENGU token on December 17, 2024. The airdrop event began at 2:00 PM CET, marking a new chapter for holders of Pudgy Penguins NFTs.
The project announced the launch on social media, generating considerable anticipation. Unlike some crypto airdrops, Pudgy Penguins did not take a “snapshot” of holdings. Instead, eligibility is based on current ownership of specific NFTs.
Who Is Eligible?
Eligibility extends to owners of the following NFTs:
- Pudgy Penguins
- Lil Pudgys
- Pudgy Rods
If you own any of these, you have 88 days from the launch date to claim your PENGU tokens.
How to Claim Your Tokens
To check your eligibility and claim your tokens, use the official airdrop checker at the project’s designated claim portal. Always ensure you are using the official website to avoid phishing scams.
Additionally, Binance included PENGU in its HODLer Airdrops program. Users who deposited BNB between December 9 and December 12, 2024, will share 2.6 billion PENGU tokens, representing 3% of the total supply.
Major Exchange Listings
For those not directly eligible for the airdrop, PENGU is available on several top exchanges. Major platforms like OKX, Bybit, and Binance began listing the token on launch day. Binance started trading at 3:00 PM CET.
This broad availability makes it easy for interested investors to acquire PENGU shortly after its release.
Pudgy Penguins NFT Performance
The Pudgy Penguins collection has experienced remarkable growth recently. Over the past 30 days, its floor price increased by 253%, with Lil Pudgys rising by 300%. This surge has positioned it as the second most capitalized NFT collection, trailing only CryptoPunks and surpassing Bored Ape Yacht Club (BAYC).
The NFT market overall has shown renewed vigor since the fall, a positive shift after a sluggish start to the year. As with many crypto sectors, non-fungible tokens often gain momentum when major assets perform well.
Safety Tips for Participants
With high-profile airdrops, scams are unfortunately common. Follow these best practices to protect your assets:
- Only use official links from verified Pudgy Penguins social media accounts or their website.
- Never send cryptocurrency to unknown addresses.
- Double-check URLs and avoid clicking on suspicious links.
Staying vigilant helps you securely participate in these exciting opportunities.
Frequently Asked Questions
How do I know if I’m eligible for the PENGU airdrop?
You are eligible if you hold Pudgy Penguins, Lil Pudgys, or Pudgy Rods NFTs. Use the official airdrop checker to confirm and claim your tokens.
What is the claim period for the airdrop?
The claim window is open for 88 days from December 17, 2024. Make sure to claim within this period.
Can I buy PENGU tokens if I’m not eligible for the airdrop?
Yes, PENGU is listed on major exchanges like Binance, OKX, and Bybit. You can purchase it directly there.
Is there a snapshot for the airdrop?
No, the project did not use a snapshot. Eligibility is based on current ownership at the time of claiming.
How did Binance distribute PENGU tokens?
Binance distributed tokens to users who deposited BNB between December 9 and December 12, 2024, as part of its HODLer Airdrops program.
What blockchain is PENGU built on?
PENGU is a Solana-based token, chosen for its high speed and low transaction costs.
Conclusion
The PENGU airdrop represents a major event for the Pudgy Penguins community and NFT enthusiasts alike. With clear eligibility criteria and support from top exchanges, participants have multiple ways to engage with this new token. Always remember to use official sources for claims and transactions to ensure a safe experience. For more details on tracking your assets and market performance, explore real-time tools designed for cryptocurrency users.