Crypto
Pudgy Penguins' PENGU Token Sees 5.7% Gain Amid Expansion
Pudgy Penguins' PENGU token gained 5.7% against the dollar in the past 24 hours, reaching a total volume of $141 million.
The token is currently ranked 102 by market capitalization on CoinGecko, with a total cap near $500 million and trades at approximately $0.00795.
Pudgy Penguins began as an NFT collection in 2021 but expanded into physical merchandise, retail licensing, and eventually a fungible token, PENGU, which was launched in late 2024.
The project's growth has been remarkable, with over 100 billion views across platforms and millions of followers, making it one of the most widely recognized NFT-adjacent brands in crypto.