"Fat Penguin" launch coin, community predicts Airdrop income to exceed $30,000

Original | Odaily Star Daily (@OdailyChina)

Author | How about husband (**@vincent 31515173 )

As 2025 approaches, in addition to the successful breakthrough of BTC breaking the 100,000 mark, the Non-fungible Token zone has also ushered in the final battle of this year.

Blue-chip project Pudgy Penguins announced that it will issue its Token PENGU in 2024. According to data from Non-fungible Tokengo, the floor price of Lil Pudgys rose 17.6% in 24 hours, reaching 1.92 ETH; the floor price of Pudgy Penguins rose more than 20% to 18.5%. The launch coin of Pudgy Penguins has revitalized the Non-fungible Token market, pushing the daily volume of the Non-fungible Token zone up by 66%.

Odaily Planet Daily combines the recent series of measures by Pudgy Penguins to conduct a thorough analysis of its upcoming coin launch and make an initial estimate of Pudgy Penguins’ Market Cap.

‘Fat Penguin’ launch coin, predicting a market capitalization of up to $1.5 billion

Pudgy Penguins is a Non-fungible Token project featuring adorable penguin characters. Despite experiencing setbacks such as team changes, under the leadership of new CEO Luca Netz, Pudgy Penguins has successfully ranked among the top three in the Non-fungible Token zone in terms of Market Cap through IP incubation, game development, and launching toys on Amazon.

In the past Bear Market, Pudgy Penguins has demonstrated strong market resilience. The project has not only maintained a certain level of popularity in the Non-fungible Token market, but has also enhanced its brand’s commercial value through multiple IP collaborations. For example, Pudgy Penguins has launched an exclusive collaboration with Walmart, introducing the ‘Celebrity Gift Box’, and has partnered with the premium cookie brand Last Crumb to release a limited edition Pudgy Penguins cookie gift box. These initiatives have effectively expanded the brand’s influence, enabling it to stand out in the competitive Non-fungible Token market.

The highly anticipated Pudgy Penguins launch coin is coming soon. The official announcement states that PENGU Token will be first issued on Solana, with plans to adopt a multi-chain strategy and be deployed on Ethereum and Abstract Chain in the future.

PENGU Tokenomics

The total supply of PENGU Token is 88,888,888,888, and the specific Token distribution is as follows:

• Team (1 year lock-up period, 3 year vesting period): 17.8%
• Extension: 4%
• FTT holder: 0.35%
• Liquidity： 12.35%
• Public Coordination: 4%
• Pudgy Community: 25.9%
• Company (1 year lock-up, 3 year vesting period): 11.48%
• Other Communities: 24.12%

The proportion of the company and team is about 30%, while the community Airdrop accounts for about 51% of the main part. The community Airdrop does not have a lock-up period. Non-fungible Token holders on social media generally express support for the Token economic model and look forward to the potential value of AirdropToken.

According to the analysis of community user @BTCThinker 88, the PENGU Token Airdrop value of Pudgy Penguins will be quite substantial, with an expected amount of 31,000 to 61,000 US dollars (approximately 7.9 ETH to 15.8 ETH) per holder; if Abstract Chain also provides token allocation for the Penguin community, this could become one of the biggest wealth creation events of 2024, following the HYPE.

According to the user’s analysis, the Market Cap (FDV) of PENGU Token is estimated to be between 15 billion US dollars and 30 billion US dollars, directly comparable to Apecoin’s 19 billion Market Cap. If the existing Non-fungible Token Market Cap is used for total measurement, Lil Pudgys’ Market Cap is approximately 160 million US dollars, and Pudgy Penguins’ Market Cap is approximately 650 million US dollars, with a total Market Cap of approximately 810 million US dollars. The Market Cap of Apecoin’s Non-fungible Token project is approximately 12 billion US dollars. Using Non-fungible Token project Market Cap as a reference for Token Market Cap measurement, the Market Cap of PENGU Token is expected to be around 13 billion US dollars; considering the potential increase in the initial Market Cap of Non-fungible Token projects, PENGU’s initial Market Cap may be around 15 billion US dollars.

Is launch coin the last stop for “Fat Penguin”?

Previously, many well-known NFT projects have used ‘issue coin’ as the last stop. The association between the Token issued after ‘issue coin’ and Non-fungible Tokens is not high, and in the subsequent project releases, the role of the Token is minimal. Therefore, it is criticized by the market: ‘issue coin’ is the ‘pension fund’ pre-stored by the team for NFT projects.

For example, projects such as BAYC and MEMEland performed well in the early stages of launch coin, but due to the decline in narrative and market heat in the later stages, the subsequent market trends are not optimistic. BAYC’s APE Token skyrocketed in price at the beginning of its launch, from 1 USDT to 28 USDT, but as the market hype subsided, the price of APE also fell.

In contrast, PENGU may not necessarily face the same fate after the launch coin. The Pudgy Penguins project has a unique sense of community participation and a diversified development strategy, enhancing its long-term value through rich brand stories, game development, and collaborations with other brands. The official stated that Pudgy Toys will relaunch in Walmart stores in 2025.

In addition, Pudgy Penguins has planned a series of follow-up projects, such as launching the Web3 game Pudgy Party next year and developing new IP, which will provide a broader application scenario for PENGU Token. Through these initiatives, Pudgy Penguins may consider launching coin as a new starting point rather than an endpoint, further promoting the growth of the brand and the activity of the community.