Crypto
Pudgy Penguins Token Sees 5.7% Gain Amid Expansion Beyond NFTs
Pudgy Penguins' token, PENGU, has seen a 5.7% gain in value against the dollar over the past 24 hours.
The project generated $141 million in volume during that period and holds rank 102 by market capitalization on CoinGecko with a total cap near $500 million.
Pudgy Penguins began as an NFT collection of 8,888 profile pictures launched in 2021 but has since expanded into physical merchandise, retail licensing, and a fungible token. The PENGU token was introduced in late 2024.
The project's social currency aspect is highlighted by CoinGecko, which identifies it as a 'social currency' for the community. Pudgy Penguins claims over 100 billion views across platforms and millions of followers.