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Just saw Pudgy Penguins finally dropped their PENGU token and the market cap is wild right now. Started at like $2.3B when it launched, but things have been moving around a lot since then. Current price is sitting at $0.01 with around $645M in circulation.
Not gonna lie, the PENGU hype has been building for a minute. Everyone was waiting to see how this would actually play out. The whole Pudgy Penguins ecosystem getting its own token is kind of a big deal in the NFT space.
Curious what people think about the PENGU tokenomics and where this goes from here. Some projects nail the token launch, others... well, you know. What's your take on it?