Pudgy Penguins Token Gains 5.7% Amid Expansion Efforts

Pudgy Penguins' token, PENGU, has seen a 5.7% gain against the dollar over the past 24 hours, reaching $141 million in volume.

This growth comes as the brand expands beyond its initial focus on NFTs, now encompassing physical merchandise, retail licensing, and a fungible token.

PENGU launched in late 2024, allowing holders of the NFT collection to access a direct on-chain financial instrument tied to the brand.

The token's market capitalization stands at near $500 million, with Pudgy Penguins claiming over 100 billion views across platforms and millions of followers.