Crypto
Pudgy Penguins' Token Surges as Brand Expands Beyond NFTs
Pudgy Penguins' PENGU token surged by 5.7% against the dollar over the past 24 hours, with a total volume of $141 million.
The token's market capitalization ranks at 102 on CoinGecko, with a total cap near $500 million and a trading price of 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.
The project's 'social currency' concept has gained traction, with over 100 billion views across platforms and millions of followers, placing it among the most widely recognized NFT-adjacent brands in crypto.