Analysis: The airdrop scale of PENGU tokens is considerable, and each Pudgy Penguins holder is expected to receive between 31,000 and 61,000 US dollars
According to community user @BTCThinker88's analysis, the airdrop scale of Pudgy Penguins' PENGU token is considerable. It is estimated that each holder of Pudgy Penguins could receive between $31,000 and $61,000 (7.9 ETH-15.8 ETH). If Abstract Chain also provides token distribution for the penguin community, this could become one of the biggest wealth creation events in 2024 after HYPE.
The analysis shows that the total supply of PENGU tokens is 888.88 billion, with a community allocation ratio of 25.9%. According to market value estimates (FDV), it would be $1.5 billion in bear market conditions, $2 billion under baseline conditions and $3 billion in bull market conditions. Benchmark projects include BAYC's APE token with a market cap of $1.8 billion and Mocaverse's MOCA token valued at $760 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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