Icon of PENGU and Pudgy the Penguin NFTs Both are rising in value as anticipation grows for the upcoming mainnet launch a summarythat Ethereum Layer 2 network It was built by the parent company behind both assets, Igloo Inc.

Pledges Leading the way, it has risen more than 6.5% in the past 24 hours and 45% in the past week to a price of $0.045 and a market cap of $2.8 billion. The price is Solana The token's highest level began since the first hours of the PENGU claim on December 17.

The token price rise coincides with a slowdown in PENGU claims and an increase in total token holders – metrics that likely indicate decreased token selling pressure.

It is now estimated that more than 61% of the PENGU available in the initial airdrop has been claimed, according to data from Dune painting Created by an on-chain analyst with the pseudonym DeFi Mago. The number of PENGU holders has compromised 600,000 wallets, according to on-chain data from Solscan, a number Nearly three times as much Popular meme coin Dogwifhat (WIF).

After a sharp decline in value following the opening of the PENGU claim — where some owners dumped NFTs after claiming their token allotments — Pudgy Penguins NFTs are once again trending toward the lower price of $100,000, or the cheapest listing for the asset on the market.

The group is up nearly 12% over the past 24 hours, reaching a low of $94,212 USD or 25.50 ETH according to NFT price floor. That mark is still below the pre-PENGU airdrop price for the Pudgy Penguin NFT, but the lot has been steadily rising in the past week as speculation grows about an Abstract token drop.

NFT collections accompanying Lil Pudgys and Pudgy Rods are also up 7% and 8% in the past 24 hours, respectively.

Details about Abstract's January launch are still scarce and no information about the token has been shared yet. However, there is Speculation That the Penguins owners could benefit from another big airdrop. For reference, at current PENGU prices, each Pudgy Penguin NFT allows holders to claim around $75,000 USD in PENGU tokens from the airdrop.

Igloo company It raised $11 million Last July to build the summary.

Modified by Andrew Hayward