What PENGU is
PENGU is the official token of the Pudgy Penguins ecosystem, one of the best-known NFT collections in the sector. It was launched on 17 December 2024 on the Solana blockchain by Igloo Inc., the company behind the project, with the stated aim of extending participation in the ecosystem beyond NFT holders.
By category PENGU is a meme coin: its value is not linked to a revenue stream, to a protocol utility or to any underlying, but depends on the interest and activity of the community around it.
How the distribution works
Total supply is 88.88 billion tokens. A share equal to 25.9% was distributed through an airdrop to the community: holders of Pudgy Penguins, Lil Pudgys and Pudgy Rods NFTs, users of the Pudgy World ecosystem and a number of selected Web3 communities. The remainder is allocated between the team, brand development initiatives and ecosystem reserves.
One relevant detail of that mechanism: NFTs used to claim the token could not be reused for a second claim. That choice had a direct effect on the project’s NFT market in the weeks following the airdrop.
The ecosystem
Pudgy Penguins has built a presence beyond the digital perimeter: a line of physical toys distributed through US mass retail and a strong social media presence. The project has also begun expanding the token onto Ethereum and onto Abstract, a layer 2 network dedicated to consumer applications developed by the same company.
What to consider
Crypto-assets in this category have a risk profile of their own: price performance depends overwhelmingly on sentiment and media attention, can move extremely fast in either direction and is not anchored to any verifiable economic metric. A significant share of the supply is also subject to release schedules over time, which can affect the circulating supply.
Past performance is not a guarantee of future results.
Pudgy Penguins Market Data
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What does the Young Platform do?
Young Platform is the Italian platform for the crypto-asset world. Since 2018, we have been working from Turin to make buying and selling crypto-assets a clear and accessible experience — whether you are taking your first steps or trading regularly. Over 2 million users have already chosen us (as of June 11, 2026). Our shareholders include Azimut, United Ventures, and Banca Sella, among others. For details on our updated corporate structure, please visit the official page on our website.
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