BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Everything You Need to Know About the Pudgy Penguins PENGU Token

by Drop Gorn
December 6, 2024
in CRYPTO, FEATURED, NFT
Reading Time: 4 mins read
A A
20
SHARES
325
VIEWS
Share on XShare in TelegramShare on Reddit
  • Pudgy Penguins Launches PENGU Token: The beloved NFT collection is expanding its reach into the cryptocurrency world with the launch of its own token, PENGU, on the Solana blockchain.
  • A Token for the Community: PENGU aims to reward holders of Pudgy Penguins NFTs and engage with the broader crypto community through staking, governance, and other utility features.
  • Beyond NFTs: A Multi-faceted Brand: Pudgy Penguins has successfully extended its brand beyond the digital realm, with physical merchandise and community initiatives, solidifying its position as a leading NFT project.

Pudgy Penguins, a beloved NFT collection, continues to captivate audiences with its charming comic-style penguins across platforms like X, YouTube, and Instagram. Now, the project is making waves with its latest venture into cryptocurrency.

PENGU Token Launches on Solana

Pudgy Penguins is set to release a new cryptocurrency, PENGU, on the Solana blockchain. According to the team, the token will have a total supply of 88 billion, with 23.5% allocated to holders of Pudgy Penguins and related NFTs, including Lil Pudgys and Pudgy Rods.

In addition to benefiting its NFT holders, PENGU will allocate 22.02% of the tokens to the Solana and Ethereum communities. Another 12.32% will be dedicated to providing liquidity on decentralized exchanges, ensuring the token’s smooth entry into the market.

“With $PENGU, millions of fans and those who engage daily with Pudgy Penguins can align with the brand and become part of ‘The Huddle,’” the team stated.

JUST IN: Pudgy Penguins (@pudgypenguins) announce their $PENGU token 👀

Tokenomics 👇 pic.twitter.com/ovG1WBKBEf

— BlockNews (@blocknewsdotcom) December 6, 2024

Pudgy Penguins: Thriving Amid NFT Market Challenges

Despite the downturn in the NFT market since the 2021-2022 bull run, Pudgy Penguins has managed to remain culturally significant. While many NFT collections struggled due to limited utility and illiquid markets, Pudgy Penguins successfully sustained its relevance.

The shift toward tokens like PENGU comes at a time when fun tokens and memecoins are thriving. These assets appeal to communities through their affordability, virality, and ease of use, much like NFTs once did. Both asset classes foster a sense of belonging among passionate followers, with liquidity and accessibility making the difference.

Expanding Influence Across Platforms

Pudgy Penguins has built an impressive digital presence, boasting over 3 million followers across Instagram, X, TikTok, and YouTube. The brand’s Giphy content has amassed a staggering 32 billion views, while its TikTok channel spreads positivity under the “Pudgy Kindness” banner, connecting with audiences far beyond the crypto community.

From Digital Collectibles to Real-World Success

The Pudgy Penguins brand extends beyond digital screens. Its parent company, Igloo, launched a line of Pudgy Toys last year, featuring collectible igloos and plushies inspired by the NFT collection. These products have generated over $10 million in sales and are available at major retailers like Walmart, Target, Amazon, and Walgreens.

A Leading Force in the NFT Market

As of Thursday, Pudgy Penguins ranks as the third-largest NFT collection by market capitalization at $550 million, trailing only CryptoPunks and Bored Ape Yacht Club. The collection, which debuted in 2021, features 8,888 hand-drawn penguins, each showcasing unique traits such as backgrounds, body types, and accessories.

Conclusion

Pudgy Penguins continues to adapt and innovate, carving its place as a cultural and commercial force in the evolving digital asset landscape. By venturing into cryptocurrency with PENGU, the brand is reinforcing its commitment to community building and broadening its appeal in new and exciting ways.

Tags: $PengucryptopunksPudgy PenguinsSolanaTikTokyoutube
Tweet5ShareShare
Previous Post

Bitcoin Hits $100K Making 2010’s Pizza Buy Unbelievably Costly

Next Post

Cardano Sees Massive Volume Surge; Is Another Rally Coming by Year-End?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.