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Market News

Penguiana Meme Coin’s Successful Presale Raises 290 SOL

Written By Gabriel Mael
Published May 4, 2024 5:22 AM·Updated 3 years ago
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Penguiana Meme Coin's Successful Presale Raises 290 SOL

According to a report, Penguiana, the new meme coin, has just recorded superb results in its presale session on the Solana blockchain recently. Interestingly, the project raised almost 290 SOL (Solana), the indigenous cryptocurrency of the Solana blockchain, in only an hour of going live.

The project claims to go beyond the standard meme coin. The developed game platform, which is play-to-earn-oriented, hooks its users with a focus on meme coin lovers in the crypto space. Solana blockchain’s benefits of fast transaction speed and low fees have induced Penguiana’s understanding that putting them in place will be a recipe for the betterment of their community.

Presale Details and Security

The presale provides privileged individuals with opportunities to buy $PENGIN tokens at a huge discount (1 SOL = 20,000 $PENGINS) before the official listing rate (1 SOL = 10,000 $PENGUINS).

The project has mapped a presale process with a security structure. Tokens are minted during the presale. Participants will send their SOL tokens to a designated wallet address in order to secure $PENGU tokens. The wallet addresses of the participants will be used for the airdrop after the end of the presale.

Users are advised to check the wallet address and website URL (penguiana.com) for security purposes. After this confirmation, users can initiate any transfers accordingly. Participation involves a user wallet supporting Solana, hence the option of Phantom, Solflare, or Trust Wallet. Tokens from centralized markets, such as Binance, do not get to participate in the airdrop.

Penguina’s presale that happened initially shows that there is a great deal of interest in the public about investing in the crypto project. Whether long-term management remains after this initial excitement is not clear at the moment.

Also Read: Bybit Web3 Launches Galaxis IDO

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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