According to the official announcement, the Ethereum NFT project "Pudgy Penguin" announced that it will issue the official token PENGU. The Pudgy Penguin team wrote in the announcement:

With PENGU, millions of Pudgy Penguin fans and hundreds of millions of people who see and share Pudgy Penguin outside of the cryptocurrency world every day finally have the opportunity to connect with this character. Now, everyone can join 'The Huddle' (a term in the Pudgy Penguin community that symbolizes unity and shared passion)

It is reported that the total supply of PENGU is 88888888888 pieces, which will be initially released on the Solana memory blockchain. However, team members have stated that they will adopt a multi chain model in the future and expand the token to ecosystems such as Ethereum. The specific token economy and chip distribution are shown in the following figure:

Due to the fact that both Pudgy Penguin NFT and FTT holders can obtain token shares, both assets have experienced significant increases in the past 24 hours.