Pudgy Penguins Token Gains 5.7% Amidst Mainstream Expansion

Pudgy Penguins' PENGU token has seen a modest gain of 5.7% in the past 24 hours, reaching a total trading volume of $141 million.

The project, which began as an NFT collection in 2021, has expanded its reach beyond digital art to physical merchandise and retail licensing.

PENGU's market capitalization is around $500 million, placing it at rank 102 on CoinGecko. The token was launched in late 2024 as a way for holders of the NFT collection to have a direct financial instrument tied to the brand.