Pudgy Penguins Launches PENGU Token on Solana: Key Details and Allocation Breakdown

COINOTAG News reports that Pudgy Penguins has officially unveiled its native token, PENGU, set to launch on the Solana blockchain. With a total supply of 888,888,888 tokens, this strategic move aims to enhance the project’s ecosystem and incentivize community engagement. The token distribution is noteworthy: 17.8% is allocated to the current and future development team, ensuring a structured 1-year lockup and 3-year vesting period. Additionally, 25.9% of the tokens are designated for the Pudgy community, reflecting the project’s commitment to its loyal supporters. Other allocations include 12.35% for liquidity and 4% for ecosystem growth. The allocation plan, which includes minimal shares for FTT holders and other communities, supports a balanced and sustainable economic strategy for PENGU, paving the way for potential growth and stability in the competitive cryptocurrency landscape.