Introduction to Pudgy Penguins
Pudgy Penguins is a project that started as a collection of 8,888 NFTs on Ethereum in July 2021, which has turned into a global brand uniting NFTs, the metaverse, gaming, and physical goods. The PENGU token, launched on Solana in December 2024, became a link for millions of fans, facilitating transactions, governance, and rewards. The project is known for its mission to 'spread positivity and joy' through memes and community.
Key features of Pudgy Penguins
Pudgy Penguins stands out due to:
NFT collection: 8,888 unique penguins with over 150 traits, trading at 36 ETH in 2024.
Pudgy World Metaverse: A platform for interacting with NFTs, games, and trading.
Pudgy Party: A battle royale mobile game developed with Mythical Games, launched in August 2025.
Physical goods: Partnerships with Walmart, Target, and Suplay Inc. for selling toys and collectible cards.
Cross-chain integration: Support for Ethereum, Solana, and TON for games and transactions.
The role of the PENGU token
The PENGU token serves the following functions:
Transactions: Used for purchasing goods, services, and NFTs in Pudgy World.
Staking: Holders can stake PENGU to earn rewards (up to 8% annually).
Governance: Voting on new features, partnerships, and updates.
Market indicators
As of August 2025, the price of PENGU is $0.034, with a market capitalization of $2.138 billion and a 24-hour trading volume of $699 million. The token has increased by 12.84% in the last 24 hours but has fallen by 49.2% from its all-time high ($0.066). The fully diluted valuation (FDV) is $2.138 billion, with 62.86 billion tokens in circulation out of 63 billion. PENGU is traded on Binance, Coinbase, and other exchanges.
Achievements and innovations
Pudgy Penguins have achieved incredible success: an airdrop worth $1.5 billion in December 2024 attracted nearly 1 million PENGU holders. The launch of Pudgy Party in August 2025 attracted 500,000 pre-registrations, increasing capitalization by 117% in a week. Partnerships with Williams Racing (F1) and Lotte strengthened the brand, while integration with TON for Telegram games expanded the audience. The community is active: 92% of posts on X express bullish sentiments.
Risks
Risks include volatility (a 50% drop after the airdrop), a decline in NFT sales (down 47% over the week), and competition with other meme tokens and NFT projects such as Bored Ape Yacht Club. Regulatory constraints, especially regarding ETFs, also pose a threat. Investors are advised to do their own research (DYOR).
Conclusion
Pudgy Penguins and the PENGU token are not just an NFT project, but a cultural phenomenon that combines gaming, commerce, and memes. A strong community and partnerships make PENGU a promising asset for Web3 investors.
