Pudgy Penguins NFT collection has taken the spotlight after it launched its native cryptocurrency, PENGU, now listed on Binance. The move will be very pivotal for the community as well as aims to improve engagement within the Solana blockchain ecosystem.
Since Pudgy Penguins declared the launch of the PENGU token, it has reached some incredible milestones, such as flipping BAYC (Bored Ape Yacht Club) and beating the price of one Bitcoin. The token is going to be listed on Binance soon, and all eyes are on Penguins to see if it will continue its meteoric rise. But could this be the next meme coin to take the crypto world by storm?
The PENGU Token: A New Era for Pudgy Penguins
Pudgy Penguins is causing a buzz with the launch of its native token, this coin, on the Solana blockchain. With a total supply of 88 billion, the project has ambitions to reward existing holders with 25.9% of the total tokens. This will be an incentive for them to continue participating and further build the community.
Since the announcement, Pudgy coin has done tremendous things. The collection became the second-largest NFT collection by floor price, passing BAYC in the process. At the time of writing, the floor price for a Pudgy Penguins NFT is 30.65 ETH, which is equivalent to $121,050 — passing the price of a single Bitcoin ($106,429.94).
However, the impact of this coin goes beyond NFTs. The launch is going to bring more focus to the Solana blockchain and push up trading volumes and community engagement. This may then lead to attention on other popular tokens within the Solana ecosystem.
PENGU Impact on Solana and Crypto
The listing of this coin token on Binance is a massive milestone for both the token and the Solana blockchain. With increasing trading volumes and the more frequent interactions of users with this coin, it is expected that the Solana blockchain will see an uptick in engagement. This might make the blockchain more attractive to investors and traders, and thereby increase the value of other tokens within the Solana ecosystem.
For crypto traders who may not be able to afford a single Pudgy Penguins NFT, the rise of PENGU offers a unique opportunity. As Solana becomes more active, the positive momentum could bring attention to Solana-based projects, benefiting other tokens in the ecosystem.
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Is iDEGEN the Next Token to Be Listed on Binance?
Although the window for investment in Pudgy coin ahead of the Binance listing is now closed, iDEGEN is promising to be the next big token in the meme coin market. Among the most successful presales in meme coin history, iDEGEN managed to raise more than $5.3 million from the sale of 1 billion $IDGN tokens. The token rides on the trend of AI, a hot topic among investors in recent times.
Comparing iDEGEN and Pengu: The Potential for Both to Thrive
Just as the floor price at which many people cannot reach has exponentially changed due to the Pudgy Penguins NFT series, iDEGEN proves somewhat affordable. It is still priced lower than $1; therefore it is a chance for anyone who wants to invest right from the grassroots to seize the opportunity with iDEGEN.
Considering its presale has reached above $5 million within just a month, the prospects of iDEGEN appear great. Having a place in the market for AI meme coins that reach over $10 billion market cap, iDEGEN should have good growth opportunities as Solana’s ecosystem evolves in the wake of the popularity of PENGU and attracts investors and other prominent exchanges like Binance to iDEGEN.
Conclusion: The listing of this on Binance along with Pudgy Penguins brings good times to the crypto sphere, where, with the emergence of the Solana blockchain, the growth potential has just begun. Now that many missed out with Pudgy Penguins, new possibilities will surface, such as that provided by iDEGEN in pricing strategy and a remarkable presale robust performance. Indeed, while both projects receive massive attention, they have very crucial roles to play as Binance’s memes advance to the next phases in crypto evolution.
Also Read: What Is Fartcoin? Why Is It Skyrocketing Right Now?
