Pudgy Penguins’ PENGU Token and NFTs Plummet 50% Following Airdrop

The Pudgy Penguins ecosystem token, PENGU, launched on Solana this Tuesday, soaring into the top 100 cryptocurrencies by market cap. Millions of NFT holders and traders qualified for the airdrop. Despite the initial excitement, PENGU’s price has fallen sharply throughout the day.  Pudgy Penguins NFT Suffers From the PENGU Airdrop Craze At the time of reporting, PENGU had dropped 57% from its... source: https://beincrypto.com/pudgy-penguins-pengu-token-drops-50-after-airdrop/