Pudgy Penguins

PENGU is the community token of the Pudgy Penguins NFT brand, a Solana-first meme token with no ownership or voting rights.

Pudgy Penguins (PENGU) is the token of the Pudgy Penguins brand, which began as an Ethereum NFT collection in 2021 and now sells toys and media through its parent company Igloo Inc. PENGU launched on Solana on 17 December 2024 with a large airdrop to NFT holders and other crypto communities. It also exists on Ethereum, BNB Smart Chain, Abstract and HyperEVM.

The project describes PENGU as a cultural and community symbol rather than a financial instrument. Its EU white paper says the token gives no ownership, dividend or voting rights and pays no interest. Some partners accept it, and it has been linked to Lufthansa’s Miles & More programme, but its role is mainly symbolic.

The launch supply was 88.89 billion PENGU; unclaimed airdrop tokens were burned, leaving about 76.7 billion. The team (17.8%) and the company (11.48%) received tokens with a one-year cliff and three-year vesting, so they unlock until about December 2027. The issuer named in the white paper is Simple Action Limited, a British Virgin Islands company.

Most trading is in futures: on 1 October 2026 about 84% of PENGU volume on Binance and Bybit was perpetual futures. A US PENGU fund filed with the SEC in March 2025 but had not launched.