Pudgy Penguins (PENGU) Token Falls 35% as Airdrop Claims Trigger Selloff

PENGU, the newly launched token from the Pudgy Penguins NFT collection, went live today with an airdrop to eligible recipients. However, intense selling pressure caused the PENGU token price to drop by 35% shortly after its debut. Within the first hour of trading, PENGU’s volume surged to $474 million. Here’s what to know about the launch, exchange listings, and how the market is responding to... source: https://beincrypto.com/pengu-falls-amid-selloff-binance-listing/