Bitcoin Penguins raises $1.8M in first week of token launch

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Bitcoin Penguins (BPENGU), a new meme-themed crypto project, has raised over $1.8million within four days of launching its token presale. The project appears to be gaining traction amid continued interest in penguin-themed assets, following the success of Pudgy Penguins and its token, PENGU.

PENGU has recorded a significant price increase over the past 90 days and currently sits at a fully diluted valuation exceeding $2 billion. Bitcoin Penguins enters the space with a lower entry price of $0.0011 and is aiming to attract participants looking for alternatives within the same narrative segment.

The $1.8 million raised so far came with minimal marketing, indicating a potentially organic interest in the project. BPENGU is currently priced at $0.0011 during presale.

Penguin wars begin with $1.8m success

PENGU has reached a fully diluted valuation (FDV) of over $3 billion, making it one of the most prominent recent meme tokens. As a result, some investors have begun exploring newer, lower-cost alternatives.

Bitcoin Penguins is attempting to tap into this demand, offering a similar thematic angle at an earlier stage. The presale price and relative positioning suggest BPENGU may appeal to those priced out of larger-cap meme tokens, while still operating within the same emerging “penguin meta.”

The pattern of capital rotation from earlier, higher-valued tokens into newer entries has occurred in prior crypto cycles. Historical examples include transitions from Bitcoin to altcoins, and from DOGE to SHIB and BONK.

BPENGU features and incentives

The Bitcoin Penguins project incorporates several features aimed at increasing user participation. These include a weekly 1 BTC giveaway, distributed in native Bitcoin, as well as staking rewards currently advertised at 100% APY.

These incentives are structured to encourage early and ongoing engagement with the ecosystem. According to the project team, the BTC prize pool is awarded consistently on a seven-day cycle.

Presale timeline and listing details

The presale period will last for 30 days in total, ending on August 27. The initial token price started at $0.0010 and increases every 48 hours.

A decentralized exchange (DEX) listing is scheduled for September 2 at a launch price of $0.0028. This gives first-tier participants a potential paper gain of 180% by the time of listing, assuming market conditions hold.

Further details on the token distribution, staking model, and presale schedule can be found on the project’s website.

The project’s website contains further information on token distribution, staking mechanics, and the presale structure.

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#Market Release