The PUDGY Penguins NFT collection has officially launched its native PENGU token on the Solana blockchain. Eligible holders have a limited window of 88 days to claim their tokens before any unclaimed supply is permanently burned. While the initial launch is on Solana, future compatibility with Ethereum and the Abstract Chain—a Layer 2 solution developed by Igloo—is planned.
This airdrop isn’t limited just to holders of Pudgy Penguins, Lil Pudgys, Rogs, or SBTs. Over 7 million Ethereum and Solana wallets considered ‘OG’ are also eligible based on historical activity. Owners of physical Pudgy Toys sold at major retailers can also participate, though the claiming process varies.
Token Launch Details and Eligibility
The PENGU token launched with a total supply of 88,888,888,888 tokens—a nod to the community’s culture. The claiming period is strictly limited to 88 days. After this, all unclaimed tokens will be burned, reducing the total circulating supply.
Eligible claimants include:
- Holders of Pudgy Penguins, Lil Pudgys, and Rogs NFTs
- Owners of Pudgy Penguins SBTs (Snapshot taken December 8th)
- Historical Ethereum and Solana wallets marked as ‘OG’
- Owners of physical Pudgy Toys (via a separate process)
Due to high demand, the official claim portal has experienced congestion, leading to some failed transactions. Users are advised to be patient and ensure they have enough SOL to cover gas fees.
👉 Check your eligibility and claim your tokens
How to Claim Your PENGU Tokens
To claim your tokens, you’ll need to connect both your Ethereum and Solana wallets simultaneously. This ensures the system can verify your eligibility across chains.
It is recommended to have at least $10 worth of SOL in your wallet to cover transaction fees during the claim process. This helps avoid errors or failed transactions due to insufficient gas.
During the claim, users can also register a universal username. This feature is designed to support future cross-chain airdrops, allowing third-party projects to easily identify holders across Ethereum and Solana.
Pudgy Toys and Physical Claim Process
Owners of Pudgy Toys—plush toys available at stores like Walmart and Target—are also eligible for the PENGU airdrop. However, the process is different from digital NFT holders.
These toys are linked to the Pudgy World metaverse via the Abstract Chain (currently in testnet). Once the mainnet is live, owners will need to use a LayerZero bridge to claim their tokens. There have been unconfirmed reports of attempts to steal QR codes from toy packaging, so owners should keep their purchase secure.
Tokenomics and Allocation Breakdown
The PENGU tokenomics model is designed to support long-term growth and community engagement. Here’s how the total supply is allocated:
- 25.9% for the Pudgy Penguins community
- 24.12% for other communities and new “Huddle” members
- 17.8% reserved for current and future team members (3-year vesting, 1-year cliff)
- 11.48% held by the company under the same vesting conditions
This distribution aims to reward early supporters while also allowing new users to join the ecosystem.
Market Impact and NFT Performance
Since its launch in 2021, Pudgy Penguins has become one of the most recognizable NFT projects. Recently, it overtook Bored Ape Yacht Club to become the second-largest NFT collection by market capitalization, reaching $1.2 billion** before the token launch. It still trails behind **CryptoPunks**, which holds the top spot at approximately **$1.6 billion.
Following the PENGU token announcement, the floor price of Pudgy Penguins NFTs dropped by roughly 33%. This adjusted the collection’s market cap to around $700 million at the time of writing—a typical market reaction to token airdrops and emissions.
Frequently Asked Questions
How long do I have to claim PENGU tokens?
You have 88 days from the token launch date to claim your PENGU tokens. After this period, any unclaimed tokens will be permanently burned.
Can I claim if I only hold a Pudgy Toy and not an NFT?
Yes. Physical Pudgy Toy owners are eligible, but you will need to wait until the Abstract Chain mainnet is live and use a LayerZero bridge to claim.
Do I need both Solana and Ethereum wallets to claim?
Yes. The claiming process requires simultaneously connecting both wallets to verify your eligibility across chains.
Why did the floor price of Pudgy Penguins drop after the token launch?
The price adjustment is a common market response to token emissions, as some investors sell NFTs following the airdrop. The project’s fundamentals and long-term vision remain strong.
What can I do with my PENGU tokens after claiming?
PENGU tokens are expected to be used within the Pudgy World ecosystem, for governance, rewards, and future product integrations. Cross-chain functionality will expand their utility.
Are there any gas fees for claiming?
Yes. You will need SOL to pay for transaction fees on the Solana network. It’s recommended to have at least $10 worth of SOL in your wallet before starting the claim process.
👉 Explore more strategies for managing your airdropped tokens