Pudgy Penguins is set to release the PENGU Token on the Solana blockchain.
The token will have a total supply of 88 billion tokens, with allocations for NFT holders, communities, and decentralized exchange liquidity.
Pudgy Penguins has remained culturally relevant in the NFT market by expanding its brand beyond digital collectibles, including a line of physical toys.
With PENGU, Pudgy Penguins aims to strengthen its position in the Web3 space and attract both existing and new users.