The $PENGU token, part of the Pudgy Penguins NFT ecosystem, has a total supply of 88.88 billion tokens, with significant allocations for community airdrops and team members. Launched on December 17, 2024, the token experienced an initial price surge followed by a sharp decline, with a claim period for eligible holders lasting until March 15, 2025. The token supports staking, governance, and features a deflationary mechanism to enhance value over time.