Pudgy Penguins
Pudgy Penguins price today and market data
PENGU price prediction & outlook
PENGU is the token of Pudgy Penguins, the NFT collection that became a toy brand on Walmart and Target shelves, and it trades on a different mix of signals than most Solana memecoins: retail sales, a possible IPO of the company behind it, an ETF application, and a vesting schedule that adds hundreds of millions of tokens to the float every month. About 62.9 billion of a 76.7 billion supply circulates. The mint and freeze authorities are revoked, so nobody can add tokens. This is not financial advice.
What actually moves the PENGU price
- The brand, and the gap between brand and token
- Pudgy Penguins toys went from a 2023 Walmart test to more than 10,000 retail locations, with Forbes reporting $13 million of sales and 2 million units by late 2024 (Forbes). The token carries no claim on that revenue; Igloo Inc., the private company, owns the IP and collects the licensing fees. PENGU moves on the brand's momentum, not its income.
- IPO talk
- In August 2025 CEO Luca Netz said he would be disappointed if Pudgy Penguins was not a public company within two years, and a cryptic post from him in August 2026 with a penguin, a building, and "soon" sent the token up about 62% in a week, helped by roughly $842,000 of short liquidations on August 21 and a $500,000 LBank trading campaign (Yahoo Finance). No IPO has been announced, and a listing of the company would not give PENGU holders shares.
- The ETF question
- Canary Capital filed for a spot PENGU ETF in March 2025 that would hold both the token and physical Pudgy Penguins NFTs, and Cboe filed the listing request that June; the SEC extended its review repeatedly, most recently to a March 11, 2026 deadline (etf.com). No approval or denial had been published at capture. A decision either way would move the token.
- Unlocks
- Team and company allocations, about 29% of supply, sit under a one-year cliff and three-year vest from the December 2024 launch. The cliff passed on December 17, 2025, and roughly 723 million PENGU now unlock every month (CryptoRank). In July 2025 the project's own wallet moved more than 2 billion tokens, about $66 million at the time, to exchanges over a month (CryptoSlate).
- Exchange reach
- PENGU listed on Binance the day it launched and added Coinbase in February 2025, Robinhood in March 2025, and Upbit in May 2025, which is why most of its volume trades off-chain; the deepest Solana pools, a Meteora PENGU/USDC pool and an Orca PENGU/SOL pool, hold a few million dollars each per CoinGecko.
- The range it has already shown
- PENGU's all-time high of $0.068447 came on December 17, 2024, its launch day, and its all-time low of $0.00371517 on April 8, 2025 per CoinGecko. At capture it traded near $0.0096, about 86% below the high, with a market cap around $605 million ranked just outside the top 100.
What would it take for PENGU to reach $X?
With roughly 62.9 billion tokens circulating, a price target maps directly to market cap. The multiples below are computed from the live market cap, so they never go stale. The total supply is about 22% larger, so the fully diluted figure runs higher as unlocks continue.
- $0.02~$1.3B cap3.0x
- $0.03~$1.9B cap4.6x
- $0.05~$3.1B cap7.6x
Can PENGU reach $0.03?
A price of $0.03 on roughly 62.9 billion tokens implies a market cap near $1.9 billion, about 3.1 times the level at capture and still less than half the launch-day high. Getting there would take a real catalyst rather than a rumor: an ETF approval, a confirmed IPO process that the market decides is good for the token, or a Solana-wide rally, and it would have to absorb the monthly unlocks along the way. The token has already been at $0.068 once and spent most of the time since well below $0.02. These are conditions, not predictions, and this is not financial advice.
To evaluate any PENGU target: multiply it by roughly 62.9 billion tokens, compare the implied market cap to the live figure on this page and to the biggest Solana memecoins, and ask whether the brand's momentum justifies the multiple when the token has no claim on the brand's revenue. If it doesn't, the prediction doesn't hold.
How to buy Pudgy Penguins (PENGU) in Phantom
Buying PENGU takes a few minutes once your Phantom wallet holds SOL. PENGU is also listed on Binance, Coinbase, Robinhood, and most large exchanges, but Phantom's in-wallet swap gives you the token in your own custody directly from Solana's deepest pools.
- Install Phantom and secure your walletDownload Phantom as a mobile app (iOS or Android) or browser extension and create or import a wallet. Write your Secret Recovery Phrase on paper and store it offline; anyone who obtains it controls every asset in the wallet, and Phantom will never ask for it.
- Fund your wallet with SOLBuy SOL inside Phantom with a card or bank transfer, or withdraw it from an exchange to your Solana address. Every swap needs a small amount of SOL for network fees, usually a fraction of a cent, so keep a few dollars of SOL in reserve.
- Paste the mint addressIn the Swap tab, paste the full mint address as the token to receive rather than searching by name; PENGU is one of the most imitated names on Solana. Confirm the ticker reads PENGU and that the holder count is in the hundreds of thousands, not hundreds.
- Check price impact, then confirmPENGU's main Solana pools hold several million dollars each, so ordinary orders fill with little impact and large ones are better split. Review the estimated output, confirm, and the tokens appear in your wallet within seconds.
Always verify the mint address
The legitimate mint address is the one shown on this page. Cross-reference it against the CoinGecko listing or Solscan rather than search results, social posts, or ads. Fake PENGU claim sites, look-alike tokens, and "dust" transfers with vanity addresses that mimic scam URLs have all targeted holders since launch. The airdrop claim closed in January 2025; any site offering a PENGU claim today is a phishing attempt. If the address does not match exactly, stop.
What buying PENGU actually costs
Solana network fees are a fraction of a cent, so the real costs are price impact on large orders and the swap fee disclosed in Phantom's quote. Holding PENGU in Phantom earns nothing by itself; the token carries no staking yield, no dividend, and no share of Pudgy Penguins' toy or licensing revenue.
Phantom (self-custody) | Centralized exchange | |
|---|---|---|
Who holds your keys | You | The exchange |
Who can freeze funds | Nobody | The exchange can |
Buy path for PENGU | Direct in-wallet swap | Listed on Binance, Coinbase, Robinhood, Upbit, OKX, and others |
What is Pudgy Penguins?
Pudgy Penguins began as an 8,888-piece NFT collection on Ethereum in 2021, lost its original team to a community vote in January 2022, and was bought that April by entrepreneur Luca Netz, who turned it into what this page's About text calls "crypto's first breakthrough consumer brand, with toys available at major retailers such as Walmart and Target." The toys reached Walmart in 2023, Target in 2024, and Walgreens in 2025, with Forbes reporting $13 million of sales and 2 million units sold by October 2024 (Forbes); the operating company, Igloo Inc., also raised $11 million led by Founders Fund to build Abstract, an Ethereum Layer 2 for consumer apps that launched in January 2025 (Decrypt). PENGU launched on Solana on December 17, 2024 with an airdrop to NFT holders and the wider community and a same-day Binance listing (CoinDesk). The maximum supply was 88.888 billion, allocated roughly 50% to the Pudgy and wider crypto communities, 17.8% to the team, 11.5% to the company, 12.4% to liquidity, and 8% to growth and public-good programs (Decrypt); when Netz closed the claim window early on January 30, 2025, citing bot activity, about 12.2 billion unclaimed tokens were burned, leaving today's 76.7 billion total (Decrypt).
The token's first day was its best: PENGU hit an all-time high of $0.068447 on December 17, 2024 and has never returned, falling to an all-time low of $0.00371517 on April 8, 2025 before recovering to about $0.0096 at capture, a market cap near $605 million per CoinGecko. It is listed on Binance, Coinbase, Robinhood, Upbit, OKX, and other exchanges, held by more than 559,000 wallets on Solana, and traded in a late-August 2026 rally of about 62% in a week on IPO speculation that Netz fed but did not confirm (Yahoo Finance). Around it the company keeps shipping: Pudgy World, a browser world on Abstract, launched on March 10, 2026 after the Pudgy Party mobile game was shut down to focus on it. Whether the SEC allows Canary Capital's proposed ETF holding PENGU and physical Pudgy NFTs, under review since March 2025 with a deadline last extended to March 11, 2026 and no published outcome at capture, is the open question the token trades around.
Is PENGU safe?
For a top-110 token with a real company behind it, safety comes down to three checks and one mindset.
- The mint is closed
- PENGU's mint and freeze authorities are both revoked, confirmed on-chain and by RugCheck, so nobody can create tokens or freeze wallets. Supply can only fall.
- Unlocks and the company's wallets
- About 29% of supply belongs to the team and company on a schedule that now releases roughly 723 million tokens a month, and the project's wallet has already moved more than 2 billion tokens to exchanges in a single month in July 2025. The top ten wallets hold about 46% of supply, and RugCheck cannot say which are exchanges and which are whales.
- Scams wear the penguin
- Phishing sites offering a PENGU "claim," look-alike mints, and dust transfers designed to trick you into copying a scam address are all documented. The real airdrop ended in January 2025.
The mindset: PENGU is a bet on a brand's momentum by people who own none of the brand. Size it for an 86% drawdown, because that is what it has already done, never share your Secret Recovery Phrase, and ignore anyone offering to help you claim, stake, or upgrade your tokens.
Pudgy Penguins FAQ
The market capitalization of PENGU is $414M as of Nov 5, 2026.
Market capitalization is calculated by multiplying the current price of PENGU by its circulating supply. It reflects the overall value of the token in the market and helps gauge its relative size compared to other cryptocurrencies.
The daily trading volume of PENGU is $2.7M as of Nov 5, 2026.
Trading volume can fluctuate based on market conditions, investor activity, and overall demand for PENGU.
The total supply of PENGU is 76.72B.
The circulating supply, which represents the number of PENGU currently available in the market, is 62.86B as of Nov 5, 2026.
PENGU can be bought and traded on a variety of cryptocurrency platforms, including Phantom!
PENGU is the Solana token of Pudgy Penguins, the NFT collection that Luca Netz bought in 2022 and built into a consumer brand with toys in Walmart, Target, and Walgreens and its own Ethereum Layer 2, Abstract. It launched on December 17, 2024 through an airdrop to NFT holders and the wider community, has a fixed supply of about 76.7 billion after unclaimed airdrop tokens were burned, and gives holders no ownership of the brand or its revenue. The verified mint address is the one shown on this page.
PENGU is a real token from a real company, listed on Binance, Coinbase, Robinhood, and other major exchanges, with mint and freeze authorities revoked so supply cannot grow. The risks are real too: the price is 86% below its launch-day high, team and company allocations unlock monthly, the project's wallet has moved billions of tokens to exchanges before, and phishing sites and look-alike mints target its holders. Only use funds you can afford to lose. This is not financial advice.
Download Phantom as a mobile app or browser extension and fund it with SOL. Open the Swap tab, paste the mint address shown on this page as the token to receive instead of searching by name, and confirm the ticker reads PENGU with a holder count in the hundreds of thousands. Review the estimated output and price impact, then confirm; the tokens land in your wallet within seconds.
Yes. Every Solana transaction, including the swap into PENGU, is paid in SOL, and Phantom needs a small SOL balance to cover network fees. The fees are a fraction of a cent, so a few dollars of SOL covers many trades. You can buy SOL inside Phantom or withdraw it from an exchange to your wallet.
The NFT collection launched in 2021 under a team the community voted out in January 2022; entrepreneur Luca Netz bought the brand that April and runs it through Igloo Inc., the company behind the toys, the Abstract blockchain, and the PENGU token. The token itself launched on December 17, 2024 with allocations to the community, the team, the company, and liquidity, and Netz remains the brand's public face.
A price of $0.03 on roughly 62.9 billion tokens implies a market cap near $1.9 billion, about 3.1 times the level at capture in September 2026 and less than half the December 2024 all-time high of $0.068. It would take a confirmed catalyst such as an ETF approval or a Solana-wide rally, absorbed alongside monthly unlocks of about 723 million tokens. This is not a prediction or financial advice.
It is attached to a brand that sells physical products in more than 10,000 stores and to a company that has raised venture money, built its own blockchain, and talked publicly about going public, which gives the token catalysts most memecoins lack. The trade-off is that none of that accrues to holders by right: PENGU is a memecoin by the project's own description, with no claim on revenue, no vote, and a supply that keeps unlocking to insiders.
Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.
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Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.