PENGU is the official token of Pudgy Penguins, an NFT collection on Ethereum. Pudgy Penguins began in 2021 as 8,888 penguin character NFTs and was later acquired by Igloo Inc., led by Luca Netz, which grew it into a consumer brand.
PENGU launched on the Solana blockchain in December 2024. The project describes it as a social currency that stands for community, memes and good vibes.
PENGU is a meme-style token built around the Pudgy Penguins character brand and its community, not around a technology platform of its own. The goal is to let NFT holders, and also the wider public who see the penguin online, take part easily.
It is issued as a Solana SPL token, so transactions are fast and fees are fairly low. The team also announced plans to expand to Ethereum and to Abstract, a layer-2 network built by Igloo.
Data provided by CoinGecko
PENGU has a fixed total supply of 88,888,888,888 tokens, a nod to the original 8,888 NFTs, so there is no mining or new issuance. About 25.9% went out as an airdrop to the community, including holders of Pudgy Penguins, Lil Pudgys and related NFTs.
The ecosystem includes physical toys sold at major retailers, games and animated content. In 2026, reports also described a card service that lets people spend PENGU on everyday purchases.
PENGU's strengths are a well-known character IP, a large community and a brand that reaches both online and offline. Its supply is fixed and the allocation breakdown is public.
On the other hand, as a meme token its value depends more on community interest and market mood than on revenue, so its price can swing sharply. Unlock schedules for team and company tokens, along with changing regulation, are also worth watching.
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