Over the past two years, users who have conducted transactions through the Phantom wallet have likely received hundreds of dollars in airdrops. A substantial airdrop has been executed for active users on the Solana 
$106 network, allowing numerous wallets to qualify for the rewards. Even those who have made just a few transactions in the last two years should be included in the airdrop list.
PENGU Airdrop Overview
The launch of the airdrop today has quickly led users to sell their airdrops worth hundreds of dollars. Many received airdrops simply because they participated in transactions on the Solana network this year, thus qualifying for the snapshot. Users need to access their Phantom wallet to see their airdrop status.
By clicking the visit site button, the airdrop screen appears, and the application guides you on the necessary steps. If you own one of the NFTs listed below, you may qualify for a significantly larger airdrop.
- Pudgy Penguins NFT (highest allocation)
- Lil Pudgys NFT
- Pudgy Rods (Rogs) NFTs
- OG DeFi users in Soland and ETH
In the token distribution, 25.9% of the total supply is allocated to Pudgy NFT holders. Hence, if you hold this NFT, you likely have eligibility for thousands of dollars in airdrops. Those who do not claim their airdrop within 88 days will lose their rights to PENGU Tokens.
After following all steps to transfer the earned tokens to your wallet, you can convert them to assets like SOL or USDC through Phantom’s swap section.
Token Sale Dynamics
At the time of writing, the token price has dropped by 40% to $0.0364. On average, a user with eligibility receives around $150 in airdrops. However, wallets associated with the PENGU project have started large-scale sell-offs by early investors.
So far, they have sold 176 million tokens, with a continued sales risk of $37.7 million. Following the conclusion of these sales, the price may rise, or additional selling pressure from users who do not claim their tokens could drive the price down further. In terms of volume, PENGU has become one of the most popular altcoins on the Solana network.
