Analysis: The scale of the PENGU token airdrop is considerable, with Pudgy Penguins holders expected to receive between $31,000 and $61,000 each

ChainCatcher news, according to community user @BTCThinker88's analysis, the airdrop scale of Pudgy Penguins' PENGU token is considerable, with Pudgy Penguins holders expected to receive between $31,000 and $61,000 (7.9 ETH-15.8 ETH) each. If Abstract Chain also provides token allocation for the penguin community, this could become one of the largest wealth creation events in 2024 following HYPE.

Analysis shows that the total supply of PENGU tokens is 88.888 billion, with a community allocation ratio of 25.9%. Based on market cap estimates (FDV), the bear market scenario is $1.5 billion, the baseline scenario is $2 billion, and the bull market scenario is $3 billion. Comparable projects include the $1.8 billion market cap BAYC token APE and the $760 million Mocaverse token MOCA.