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The highly anticipated PENGU airdrop has officially begun, and Pudgy Penguins holders are cashing in. Together with farmers. Claims went live at 8 AM EST on December 17, with trading kicking off shortly after on major centralized exchanges like Binance and Bybit.
If you’re holding:
- Pudgy Penguins
- Lil Pudgies
- Pudgy Rogs
- Or any eligible soulbound tokens
… it’s time to claim your PENGU tokens. You’ve got 88 days to stake your claim before unclaimed tokens are burned forever.
For the collectors who picked up physical Pudgy Penguins toys (shoutout to Walmart), PENGU claims will unlock when Abstract Chain. The Ethereum Layer 2 network by Igloo Inc. goes live next month.
Floor Prices Skyrocket: Pudgy Penguins Are on Fire 🔥
News of the PENGU airdrop on December 5 sent the Pudgy Penguins NFT market into frenzy mode.
- The Pudgy Penguins floor price soared to an all-time high of $135,000 on December 16, marking an insane 145% jump in just 11 days.
- Not to be outdone, Lil Pudgies followed suit, surging 190% to a peak of $17,094 before cooling off slightly to around $15,000.
If Pudgies were already one of the hottest NFT brands, PENGU just set them ablaze. Yet, the price has now gone down massively from 36ETH down to 15ETH. This points to a very possible fact, that the NFTs were taken over by farmers, who were only interested in the airdrop.
Watch Out for Scams, Says Luca Netz
While the hype is real, Pudgy Penguins CEO Luca Netz issued a clear warning to all holders:
“Do not rush to claim and make sure to triple-check the link you’re claiming from. Cross-reference our Discord, my X account, and the official @pudgypenguins account before connecting your wallets.”
He also recommends using a desktop device to make connecting both Solana and Ethereum wallets smoother. Safety first, degens.
The Dark Side: QR Code Chaos Hits Walmart
When there’s free money, there’s also chaos. As the PENGU airdrop hype spread, opportunistic QR code bandits emerged.
Suji Yan, founder of Mask Network, shared images of Pudgy Penguins toy boxes in NYC stores that had been ripped open—their QR codes stolen by overzealous NFT hunters.
“These pics are from stores in NYC today. All boxes are opened and QR code gone,” Yan said. “This is theft, and the crypto community should condemn these actions.”
Moral of the story? When penguins fly, some people steal. 🫠
The Takeaway: PENGU Powers the Penguins to New Heights
The PENGU airdrop has solidified Pudgy Penguins as a dominant force in NFTs heading into 2024. The floor price boom, coupled with the airdrop hype, has turned these adorable birds into serious crypto assets.
Here’s what to do next:
- Claim your PENGU tokens (carefully and safely).
- Keep an eye on Abstract Chain for toy-holder claims.
- Watch as Pudgy Penguins continue their moonshot.
Pudgy Penguins are no longer just cute. They’re valuable, hype-fueled, and unstoppable. And PENGU is the jetpack driving them higher.
