Solana Token and Ethereum NFTs Rising Back of Abstract Network Launch: Pudgy Penguins

As excitement grows for the future mainnet establish of Abstract, an Ethereum layer-2 system built by the family organization behind both property, Igloo Inc. &nbsp, both the PENGU coin and Pudgy Penguin NFTs are both rising in value.

PENGU leads the way, rising more than 6.5 % in the last 24 hours and 45 % in the last week to a price of$ 0.045 and a$ 2.8 billion market cap. The Solana token’s highest rate since December 17 when the first claims for PENGU started? &nbsp,

The rate increase of the coin coincides with a decline in PENGU claims and a rise in overall holders, which could indicate a drop in the token’s sell pressure.

According to information from a Dune dashboard created by anonymous on-chain analyst DeFi Mago, estimates now indicate that more than 61 % of the PENGU used in the first airstrike has been claimed. The PENGU holder count has breached 600, 000 wallets, according to on-chain data from Solscan, a number nearly triple that of popular meme coin Dogwifhat ( WIF ). &nbsp,

After the PENGU claim began, the value of Pudgy Penguins NFTs has dropped significantly, with some holders dumping their NFTs after claiming their token allocations. This time, the list price is$ 100, 000, or the least expensive one for an asset on the market. &nbsp,

The collection is up nearly 12 % in the last 24 hours, reaching a floor price of$ 94, 212 or 25.50 ETH according to NFT Price Floor. Although this tag is still below the pre-PENGU resupply rate for a Pudgy Penguin NFT, the series has rapidly increased in the past year as rumors about a key airdrop for Abstract have grown.

Companion NFT collections Lil Pudgys and Pudgy Rods are also up 7 % and 8 % in the last 24 hours, respectively. &nbsp,

No information about a token’s release date has been disclosed, and facts about it are still elusive. But, there’s speculation that Penguin proprietors could possibly benefit from another large airdrop. For mention, at present PENGU prices, each Pudgy Penguin NFT let recipients claim around$ 75, 000 in PENGU tokens from resupply. &nbsp,

Igloo Inc. raised$ 11 million next July to construct out Abstract.