Binance announced its listing of Pudgy Penguins’ token, $PENGU, on its platform for spot trading on December 17. Trading will start at 14:00 UTC, paired with USDT, BNB, FDUSD, and TRY.
This announcement came along with Binance’s existing HODLer Airdrops initiative, dedicated to rewarding BNB holders engaged with Simple Earn products during the qualifying period between December 9, 2024 and December 12, 2024.
Users who subscribed their BNB holdings to Simple Earn will receive $PENGU tokens as part of the airdrop distribution. These tokens will be sent one hour before trading opens to eligible users to their Spot Wallets.
The total supply of $PENGU is 88,888,888,888 tokens, of which 70.22% (62.4 billion tokens) of it will be in circulation immediately on launch. The airdrop allocation for the token is 3% of the total supply—approximately 2.67 billion tokens.
Also, the token has been affixed with a “seed” label on the platform meaning it is in its earliest days of trading. This also indicates that users need to be cautious of price fluctuation.
Background of Pudgy Penguins
Pudgy Penguins was launched in 2021 with a collection of 8,888 unique NFT collectibles on the Ethereum blockchain.
The project rose in popularity, praised for its original designs and active, vibrant community. It expanded into multiple sectors by the end of 2024, entering mobile gaming and collaborating with mainstream retailers such as ‘Walmart,’ wherein it released a physical toy line.
The $PENGU token is Pudgy Penguins’ ticket into the crypto space. The token’s smart contract correctly operates on the Solana blockchain, with the contract address listed as ‘2zMMhc…uauv’.
Also Read: Pudgy Penguins Overtake BAYC, Becomes 2nd Largest NFT Collection
