Early PENGU Holder Scores Big on Solana-Based Memecoin

Written By Peter Smith

An early investor in the Solana-based memecoin PENGU has reaped significant rewards following the token's recent launch. The trader initially purchased $6 worth of PENGU, the utility token for the Pudgy Penguins NFT project, and later paired it with $1,100 worth of SOL on the decentralized exchange Raydium.

The token gained further traction after Binance listed it for trading on Tuesday, following an airdrop by the Pudgy Penguins team on Monday. Currently ranked as the 68th-largest cryptocurrency by market capitalization, PENGU is trading at $0.0383, up nearly 12% in the past 24 hours.

The Pudgy Penguins team had previously announced plans to launch PENGU on the Solana blockchain, marking a strategic move into the ecosystem. The success of PENGU highlights the ongoing appeal of NFT-linked utility tokens and the growing adoption of Solana's blockchain infrastructure in the crypto space.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR

Peter Smith
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Pudgy Penguins launches the PENGU token and gives an airdrop worth 92,000 dollars to the NFT holders