Top NFT collection Pudgy Penguins is releasing a token called PENGU this year on Solana.
PENGU will have a total supply of 88 billion tokens, with 23.5% reserved for holders of Pudgy Penguins and related NFTs.
Despite the NFT bear market, Pudgy Penguins has retained cultural relevance, which could help it navigate an era when attention has shifted from NFTs to fun tokens and memecoins.
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