Since Pudgy Penguins announced the launch of the PENGU token, it has achieved significant milestones, including flipping BAYC (Bored Ape Yacht Club) and a floor price exceeding the price of a single Bitcoin.
Most recently, the NFT collection, which has the second-highest floor price, announced that their token would be listed on Binance on launch day.
What’s the significance of PENGU token?
Pudgy Penguins will launch its native crypto token, PENGU, on the Solana blockchain with a supply of 88 billion. 25.9% of the tokens will be allocated to existing holders as an incentive for holding and further participation in the community.
Since the announcement, the NFT collection has gone on to achieve milestone after milestone. It started by flipping BAYC to become the second-largest NFT collection by floor price.
Currently, its floor price is 30.65 ETH, or $121,050, which exceeds the price of one Bitcoin at $106,429.94.
Besides reigniting interest in non-fungible tokens (NFTs) from the launch of the PENGU token, there’s a significant knock-on effect on the Solana blockchain, which will host the token. PENGU trading will increase trading volumes and community engagement on Solana, which could bring more attention to other popular tokens on the blockchain.
Unfortunately, the present floor price of a single Pudgy Penguins NFT may be too expensive for the average crypto trader. However, there is still hope. Crypto traders can take advantage of the positive attention and momentum PENGU has brought to the Solana blockchain.
Is iDEGEN the next token to be launched on Binance?
The opportunity to invest in Pudgy Penguins before the Binance listing announcement has been and gone. However, iDEGEN is only at the beginning and shows positive signs of becoming another successful token.
Besides being one of the most successful presales of any memecoin, securing over $5.3 million from the sale of 1 billion $IDGN tokens, iDEGEN leverages the ongoing AI trend that has proven to be popular amongst investors. AI meme tokens have a total meme coin market cap of over $10 billion.
Furthermore, it uses an innovative and dynamic pricing model that updates every five minutes. When consecutive purchases occur during the prescribed time, the price increases by 5%. If no purchases occur within the same time, the price is reduced by 5%.
The pricing model promotes community participation and more market-driven pricing. The current price is $0.00011 and has raised $5 million since launch.
However, once the presale ends on January 1, 2025, the pricing on exchanges will increase by 10% above the last auction price.
With an active community of over 14 thousand on Twitter (X) and a presale that has raised millions in weeks, iDEGEN is positioned to be one of the next projects that catches the attention of Binance – although no listings are confirmed.
iDEGEN over $5 million in 21 days—the future looks bright
The Pudgy Penguins floor price has significantly increased since the announcement of PENGU. However, the current floor price of a Pudgy token is significantly high, costing more than one Bitcoin. This makes it a significant barrier to entry for most investors.
On the other hand, the iDEGEN token is currently available for less than $1, which makes it accessible. After raising over $5 million within 21 days during the presale, iDEGEN indicates room for a significant upside within a popular AI memecoin niche with the highest memecoin worth over $1 billion market cap. Furthermore, the increased trading volumes and community engagement on the Solana blockchain, boosted by the PENGU token, could lead to increased interest in popular AI meme coins like iDEGEN.
Don’t want to miss out on iDEGEN? Find more information on the official iDEGEN website or their social channels.
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