In a significant development for users of the Phantom wallet, recent airdrops related to the Solana network have proven to be financially rewarding. Active participants over the last two years have benefitted from substantial airdrop distributions, with many wallets qualifying for these unexpected bonuses. Even users with minimal transaction history are finding themselves included in this windfall.
What is the PENGU Airdrop?
Launched today, the PENGU airdrop has sparked immediate sell-offs, with users quickly liquidating their airdrop tokens valued at hundreds of dollars. Airdrop eligibility is linked to participation in transactions on the Solana network within the current year, allowing users to check their status through their Phantom wallet.
How Can Users Maximize Their Airdrop Gains?
Users can view their airdrop status by accessing it via the Phantom wallet application, which also provides guidance on claiming these rewards. Ownership of specific NFTs, such as Pudgy Penguins, can lead to significantly larger airdrop amounts, further enhancing users’ potential earnings.
- 25.9% of PENGU’s total token supply is designated for Pudgy NFT holders.
- Users must claim their airdrop within 88 days to avoid forfeiting their tokens.
- PENGU tokens can be swapped for other assets like SOL or USDC through the Phantom wallet.
The current market for the PENGU token has seen a 40% drop in price to $0.0364, while eligible users are averaging about $150 in airdrop gains. However, early investors are actively selling off tokens, raising concerns over continued price fluctuations. Whether the price will stabilize or experience further pressure remains to be seen, but PENGU is becoming increasingly popular within the Solana ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
