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Blockonomi

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Image Credit: Blockonomi

PENGU Plummets 60% Post-Airdrop, Pudgy Penguins NFT Market Drops

  • The price of PENGU token, linked to the Pudgy Penguins NFT collection, has plummeted by 60% after its listing on major exchanges post-airdrop.
  • Several cryptocurrency exchanges, including Binance, OKX, Bybit, and KuCoin, listed PENGU token, however, it saw a dramatic decline in value.
  • The market cap of PENGU dropped from $4.3 billion to $1.6 billion, while the floor price of Pudgy Penguins NFTs fell by over 50% in the last 24 hours.
  • The rapid sell-off and transaction issues have raised concerns about the long-term viability of PENGU and Pudgy Penguins NFTs.

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