Pudgy Penguins ended its PENGU token claim on Solana on Wednesday, and burned (or effectively destroyed) all remaining unclaimed tokens—about 13.69% of the total supply, valued at more than $150 million at the time of burning.
The team initially intended to allow claims until March 9, but later changed the date, giving users just five more days to claim their PENGU.
The expedited claim was put in place because a majority of Pudgy Penguins NFT owners had already claimed, according to project leader Luca Netz.
“Makes no sense to keep it open if the data says that the only people claiming today are bots who are running scripts for the 8 million eligible wallets,” Netz posted on X (formerly Twitter) on January 30.
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Author: Logan Hitchcock
