Pudgy Penguins, a prominent crypto-native intellectual property, has recently completed a major launch of its $PENGU token, described as a billion-dollar event that garnered global attention. The launch involved intense planning and culminated in one of the largest airdrops in cryptocurrency history, distributing over $500 million across more than 7 million eligible wallets. The airdrop included holders from Ethereum, Solana original groups, and Pudgy Penguins communities, reflecting widespread participation and interest. Market sentiment around $PENGU appears positive, with users expressing bullish outlooks and enthusiasm for the token's potential, including speculation about a possible initial public offering (IPO) that could further boost the value of $PENGU and associated Pudgy Penguins NFTs.