🧐 Binance HODLer Airdrop Launches Phase 5 Pudgypenguins ｜ How to Obtain Each Phase's Hodler Airdrop and PENGU Project, as well as Future Price Analysis;

BNB Holder has really won big recently, with two HODLer airdrops following the Launchpool, achieving a "one fish, four eats" scenario:

1) Principal-protected investment returns,

2) Launchpool returns,

3) Hodler airdrop,

4) Megadrop returns;

If BNB surges again recently, it could be a "five eats" situation!

This phase's Hodler airdrop features the Pudgy Penguins NFT concept project @pudgypenguins, which is a project celebrated by all;

The project has a very broad scope, allowing participation for holders of Pudgy Penguins, Lil Pudgys, Rogs, or SBTs, as well as old OG NFT trading wallets.

The project launched at a price that peaked at $0.07, but has since retreated to around $0.03;

So how is the Pudgy Penguins $PENGU project, and what does the future hold? We will interpret this in the research report——

1️⃣ How to Obtain Binance HODLer Airdrops?

There are three ways to receive airdrops on Binance. The Hodler airdrop is based on a retrospective logic, while the Launchpool is based on a purchase logic, and the megadrop is based on holding and task logic.

The Binance HODLer airdrop takes a historical snapshot based on the user's BNB principal-protected earning holdings and rewards BNB holders with token airdrops.

By using BNB to subscribe to earning platforms for regular and/or demand deposit products, users will automatically qualify for HODLer airdrops (as well as Launchpool and Megadrop rewards).

Unlike other earning methods that require continuous operation, the HODLer airdrop rewards users retrospectively, providing a simpler way to earn additional tokens. By using BNB to subscribe to earning platform products, users can automatically receive token rewards.

2️⃣ Analysis of the Pudgy Penguins (PENGU) Project

1) What is Pudgy Penguins?

Pudgy is an NFT project launched in 2021, consisting of a collection of 8,888 cartoon penguins, commonly referred to as "fat penguins" in the Chinese community. Before its token launch, it flipped the market cap of BYAC (Bored Ape Yacht Club) to become the second-largest NFT project;

Pudgy Penguins can be considered one of the few projects in the NFT space that has gained significant mainstream attention, with many project founders and WEB2 internet personalities favoring penguin avatars;

The project was initially founded by Cole Villemain (Twitter (X) pen name ColeThereum) and three other colleagues.

After facing some difficulties, the project was taken over by a new team in 2022, which launched various products based on its IP, including physical toys and clothing, making it a well-known brand that spans Web2 and Web3;

Pudgy Penguins has over 50 billion social views, its products are found in millions of households worldwide, and it boasts one of the strongest communities in cryptocurrency;

2) Project Mission and Value Proposition;

Pudgy Penguins has always been a team and project that dares to innovate in the NFT space;

The project is not limited to Ethereum but has expanded to other blockchain platforms (such as Solana), increasing its accessibility and diversity of user base. Through a multi-chain strategy, Pudgy Penguins can attract users from different communities.

Most importantly, the integration with WEB2 has allowed Pudgy Penguins to quickly establish strong brand recognition in the market through its cute penguin imagery. These images are not only popular in the NFT world but have also extended to physical products such as toys and clothing.

By launching physical products, Pudgy Penguins has made the leap from virtual to reality. This not only adds revenue streams for the brand but also enhances its visibility and market penetration. The success of physical products provides a replicable business model for other NFT projects.

Most importantly, Pudgy Penguins has a very active community with high engagement, reflected not only in the active trading of NFTs but also in the contributions and feedback from community members regarding project development. Multiple community events, airdrops, and incentive mechanisms further enhance community cohesion.

Achieving this is primarily due to the project mission and value proposition upheld by Pudgy Penguins——

Project Mission:

To develop the Pudgy Penguins community, establishing a community that resonates with the characters and brand, becoming a beacon of meme culture, a fortress of good vibes, and a place for those who wish to reflect their roles in the stories of failures in Pudgy Penguins' history.

Value Proposition:

The token has no associated utility, as it is merely a way for people to join the Pudgy Penguins community. The Pudgy Penguins brand will continue to break down consumer barriers through various retail, content, gaming, and social activities.

3) Token Distribution

$PENGU is the token launched by Pudgy Penguins.

Specific token distribution:

——29.78% allocated to the team, investors, and advisors, with this portion locked for 1 year and then released linearly over 3 years;

——47.87% for community airdrops;

——3% for Binance HODLer airdrops;

——12.35% for initial liquidity;

——4% to support public affairs development; 3% for marketing and expansion.

The PENGU airdrop activity will begin in December 2024, aimed at distributing to Pudgy Penguins holders and other Web3 community users.

As of December 16, 2024, the total supply and maximum supply of PENGU is 88,888,888,888, with a circulating supply of 62,415,951,646 (including HODLer airdrop token rewards) after listing on Binance.

The number of tokens for the airdrop is quite substantial——

The penguin airdrop is considered one of the larger airdrop events in the NFT space:

23.5% of the tokens are reserved for holders of the official Pudgy Penguins NFT series, including Pudgy Penguins, Lil Pudgys, and Pudgy Rods; 22.02% of the tokens will be widely distributed to the Solana and Ethereum communities.

Holders can receive considerable incentives, not only distributed to NFT holders but also rewarding many old NFT OG wallets and some related wallets;

3️⃣ Valuation of PENGU and Future Price Trend Predictions:

As one of the few successful and well-received projects in the NFT space, Pudgy Penguins is indeed highly anticipated;

Due to the brand recognition and community support of Pudgy Penguins, the token attracted significant attention and speculative funds in its initial phase.

However, long-term valuation will also be influenced by broader market sentiment and confidence in the future development of the Pudgy Penguins project.

When considering the valuation of the PENGU token, the following aspects need to be taken into account:

1) Airdrop and Distribution:

The scale of the PENGU airdrop is quite large, especially the distribution to Pudgy Penguins NFT holders and some Web3 communities, which may have impacted the price in the short term.

Due to the large airdrop volume, the increase in supply in the short term may lead to price pressure.

2) Initial Valuation:

When the PENGU token launched, market sentiment drove the price to exceed $0.07 at one point, but it subsequently fell back to around $0.05, currently influenced by the overall market environment, hovering around $0.03;

The $PENGU token model shows a total supply of 88.9 billion tokens, with a current circulation of 62.9 billion tokens. Based on the current price, the circulating market cap is around $1.9 billion, ranking 70th among all cryptocurrencies.

This is not particularly high, and if the market turns in the future, I believe $PENGU could see good development;

3) Future Price Trend Predictions

The innovative capability and community cohesion of Pudgy Penguins have always been one of its advantages. The current NFT + Token approach may enhance community cohesion, and sustained support and participation could stabilize the token price, even drive it upwards.

However, the long-term performance of PENGU will largely depend on the trends in the overall NFT market and cryptocurrency market, as well as its own future innovation capabilities.

So simply put, I believe the PENGU team cannot rest on their laurels after launching the token. If they continue to innovate and keep the community united, I remain optimistic about the future trend;

Because the resilience of Pudgy Penguins is well-known!

Currently, PENGU's market cap is around $1.9 billion, which is indeed a significant improvement compared to Ape, but if many people view PENGU as a new era MEME, then the valuation of PENGU should not be limited to APE;

Moreover, PENGU fully possesses the characteristics of a meme, never aloof, enjoys stirring things up, and has a solid community;

MEME can be compared to animal MEMEs like PEPE or PUNT;

Therefore, in the short term, I believe PENGU's price may hover between $0.02 and $0.05, while in the long term, if the project ecosystem continues to develop, there may be around five times the price potential!

Appendix: Binance Project Research Report:

https://www.binance.com/en/research/projects/pudgy-penguins

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