Detailed breakdown of this YouTube video on Pudgy Penguins $Pengu crypto airdrop strategy that follows:

High-Level Points regarding the Pudgy Penguins $Pengu Drop

Will arguably be one of the largest and most popularized crypto airdrops in recent history, joining the likes of APECoin back in early 2022

Led by Luca Netz of high-level networkers in the crypto space includes Luke Belmar and Jordan Welch. Known to be successful, in terms of contract distribution:

Current floor price is roughly 35 ETH (~$136,000 USD)

Airdrop expected: about $100K per PyPenguin with Lil Pudgies collection taking 10% of the amount from the mother collection

Token Distribution:

• 70% going to the community
• 30% to the team (with 1-year cliff, 3-year vest)
• Additional allocations planned for other communities like CryptoPunks

Strategy of Price Prediction:

Spike by snipers/insiders in the first few minutes

Dip and consolidate for 30-60 minutes

Extended rise over ~3 days

Peak market cap between $3-5 billion; could go as high as $10 billion

Eventually settles lower for long-term

Trading Strategy Recommendations:

For most people: Enter the consolidation phase after the spike

Target entry below $500 million to $1 billion market cap

Consider taking profits around $3-5 billion market cap

Expects 3-4x returns with significant position sizing possible

Long-term Outlook:

Not considered a long-term hold

Considered mainly as a reward for Pudgy penguin holders

Will eventually settle at $500 million market cap

Compared to APEcoin, which is sitting at $1.5 billion with $6 billion FTV

This will not reach the peak levels of APEcoin, but this is a substantial short-term trading opportunity for those who can execute quickly at launch.