What is the current price of Pudgy Penguins?
The current price of Pudgy Penguins is $0.009392 with a 1.02% change in the last 24 hours.
PENGU is the token of Pudgy Penguins, an Ethereum NFT collection that has been built into a consumer brand with physical toys, retail distribution and its own Layer 2 blockchain. It launched on Solana on December 17, 2024 with a fixed total supply of 88,888,888,888, much of it airdropped to holders of the project's NFT collections. It is positioned as a community and culture token, and its white paper states that holders receive no ownership rights, dividends or corporate voting power.
Official resources:
The Pudgy Penguins NFT collection launched in July 2021 and was created by a small founding group who used pseudonyms rather than legal names, so the original creators are not fully identified in public records. After a period of community discontent, the collection was sold in April 2022 to Luca Netz for 750 ETH. Netz is chief executive of Igloo, Inc., the Miami-based parent formed in 2024 that holds Pudgy Penguins, Abstract and OverpassIP. In July 2024 Igloo announced more than 11 million dollars in funding led by Founders Fund.
PENGU has no protocol behind it in the way a DeFi token does. It is a standard transferable token, originally an SPL token on Solana with later deployments on Ethereum, Abstract, BNB Chain and HyperEVM, and it has no staking contract, fee switch or emission schedule. Its role is defined by the surrounding business: the NFT collections, the product line, Pudgy World and the Abstract chain.
PENGU is used for brand-related engagement rather than protocol functions. Announced uses include spending in the Pudgy Shop, where purchases in fiat or PENGU earn Miles and More points, and access to community activities. The white paper for European admission to trading is explicit that purchasers obtain no contractual rights and no claim against any legal entity.
Most tokens with meme characteristics have no operating business behind them. Pudgy Penguins has one: the brand generates revenue from products sold through mainstream retail, licenses its characters, and its parent company raised venture funding and built a blockchain.
Dogecoin, Shiba Inu and Pepe have no company, no owned intellectual property and no product revenue; their value rests on community and liquidity. ApeCoin is closer, since it is tied to an NFT brand, but it launched with a DAO and on-chain governance. PENGU has an identified operating company with real products, but holders have no governance rights over it.
In practice PENGU is used as a liquid expression of exposure to the Pudgy Penguins brand, as a spending asset in the Pudgy Shop where it earns airline miles, and as a trading asset across many exchanges.
There is no protocol to audit, so security comes down to token standards and user practices. Holders face ordinary wallet risks: phishing, malicious approvals and fake tokens using the same name on chains where PENGU is not officially deployed. Verify the mint or contract address against official sources.
The published allocation places 17.8% with the current and future team and roughly 11.5% with the company, so supply released on an unlock schedule can weigh on the token independently of brand performance. Holders have no legal claim, no dividend and no vote, so the company can change the token's role at any time. The value proposition depends on continued brand relevance, and trading in tokens of this type is volatile. Note also that the MiCA white paper for EEA admission to trading was drawn up by Simple Action Limited, a British Virgin Islands entity, not by the Pudgy Penguins team.
Pudgy Penguins is the clearest test case for whether crypto-native intellectual property can become a mainstream consumer brand. It moved from an NFT collection into retail shelves, licensing and its own Layer 2, then issued a token that widened participation far beyond the original holders.
PENGU trades on many centralized exchanges including Binance, Coinbase Exchange, Kraken, OKX, Bybit, Upbit, Bithumb, Gemini, Gate, KuCoin, Bitget and HTX. On-chain it is available through Solana venues such as Orca, Meteora and PumpSwap.
The Solana version needs a wallet that supports SPL tokens, while the Ethereum, Abstract, BNB Chain and HyperEVM versions need an EVM wallet configured for that network. Hardware wallets work with both. Because PENGU exists on several chains, match the network you send on with the one your recipient wallet supports.
Track Pudgy Penguins live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Pudgy Penguins on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Pudgy Penguins with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Pudgy Penguins with real money.
Read the complete paper trading guideThe current price of Pudgy Penguins is $0.009392 with a 1.02% change in the last 24 hours.
The daily trading volume is $47,555,568 representing a 16.22% change in the past 24 hours.
The market capitalization of Pudgy Penguins is $590,387,647, ranking #81 globally.
The fully diluted valuation (FDV) of Pudgy Penguins is $834,848,413, calculated assuming the maximum supply of 88,888,888,888 PENGU is in circulation.
Circulating: 62,860,396,090. Total: 76,722,843,610. Max: 88,888,888,888.
In the last 24 hours, Pudgy Penguins traded between a low of $0.00879 and a high of $0.00969.
PENGU/USDTTether USDT0.009392 USDT
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