Rapid Insights: The Pudgy Penguin Airdrop

Pudgy Penguin officially announced its airdrop on December 6, 2024, and launched 11 days later, on December 17, 2024. The most notable point of this airdrop is that the PENGU token is launched on Solana when all of the Pudgy Penguins ecosystem’s NFTs, such as Lil Pudgys and Pudgy Rogs, are on Ethereum. Additionally, Binance had also announced that they would be supporting the trading of the PENGU token one day before the actual airdrop.

25.9% of the total PENGU supply was allocated for the community, though the exact split amongst Pudgy Penguins, Lil Pudgys and Pudgy Rods is not known. Over 24.1% was allocated to other communities, which included Ethereum and Solana users, as well as a handful of other NFT communities. Approximately 19.28% of the supply is allocated for the team and company, and 12.35% was used for initial liquidity seeding on Solana. The remaining 8.35% is allocated for other purposes, such as public good funding and FTT holders.