⚡ LATEST: Pudgy Penguins squash OpenSea acquisition rumors.
"Pudgy Penguins didn’t buy OpenSea… chill." 🐧❄
Here's a summary of the latest updates concerning Pudgy Penguins:
1. OpenSea Acquisition Rumors Denied:
* Pudgy Penguins has officially and emphatically denied rumors circulating since late 2024 and resurfacing in July 2025 that it acquired the NFT marketplace OpenSea.
* Beau, the project's head of security, stated on X (formerly Twitter) that the team is focused on "confirmed developments rather than speculations" and prioritizing existing and future partnerships.
* Pudgy Penguins CEO Luca Netz had previously expressed interest in acquiring OpenSea, which fueled the initial rumors.
2. Focus on Partnerships and IP Expansion:
* Pudgy Penguins is actively pursuing brand partnerships, with confirmed collaborations including Lufthansa and NASCAR.
* They continue to expand their intellectual property (IP) beyond just NFTs, notably with their "Pudgy Toys" physical product line in partnership with PMI Toys.
* The project also launched "Pengu Clash," a skill-based Web3 game on The Open Network (TON) blockchain, further diversifying their offerings.
* Their OverpassIP platform allows NFT holders to earn from commercial use of the IP.
3. PENGU Token Performance and Developments:
* The PENGU token has seen significant gains recently, with reports of a 355.6% increase over the past 30 days and reaching new all-time highs.
* It briefly became the top Solana meme token, surpassing BONK.
* There's speculation and rumors about a PENGU/NFT ETF (Exchange-Traded Fund) being eyed by Cboe BZX, which could bridge traditional finance with the decentralized market.
* However, there have also been large transfers of PENGU tokens from the project's deployment address to exchanges, leading to warnings about potential selling pressure and increased scam activities (like dusting). Over 200 million tokens were added by "whale wallets" in early July.