What Are Pudgy Penguins (PENGU)?

What Are Pudgy Penguins (PENGU)?

Pudgy Penguins is a popular NFT project featuring 8,888 uniquely generated penguin characters, each with its distinct traits and charm. Since its launch in July 2021, it has evolved from a simple collectible series into a multi-faceted brand with merchandise, gaming, and an active ecosystem.

At the core of this ecosystem is PENGU, the project's native token, introduced in 2024 on the Solana blockchain. PENGU bridges the digital and physical worlds, linking merchandise, DeFi utilities, and community engagement, enhancing value for both NFT holders and token participants.

Who Is Behind Pudgy Penguins and PENGU?

Pudgy Penguins was originally launched by four college friends—Cole Villemain, Clayton Patterson, Micky J, and Jonah—under "The Igloo Company." After initial growth and leadership changes, the project was acquired in 2022 by:

• Luca Netz (CEO): A serial entrepreneur with strong Web2 marketing expertise, driving brand revitalization and community building.

• Lorenzo Melendez (President): A blockchain-focused computer scientist, bringing technical depth to the project's development.

Under this leadership, Pudgy Penguins has rebranded and focused on long-term community growth and cross-platform integration.

How Does PENGU Work?

PENGU is the native cryptocurrency token of the Pudgy Penguins ecosystem. The coin provides holders with various benefits and opportunities for engagement, acting as a core component of the project's expanding ecosystem and facilitating community participation.

Igloo Inc.

Igloo Inc. is the organization behind Pudgy Penguins. PENGU token holders can contribute to governance proposals, granting the community shared influence over major decisions, product roadmaps, and strategic rollouts. This governance structure emphasizes Igloo Inc.’s commitment to establishing a sustainable, long-term ecosystem—focused on the interests of both NFT holders and token holders.

Pudgy Penguins and Lil Pudgys NFT

The Pudgy Penguins and Lil Pudgys NFT collections remain the foundational pillars of the Pudgy Penguins brand. Each collection represents a core part of the project’s identity—offering unique digital assets that serve as access points into a broader Web3 ecosystem.

Use Cases of PENGU

PENGU, the ecosystem's native token, is designed to boost the visibility, utility, and value of both NFT collections. By holding PENGU, users can expect deeper integration into the Pudgy Penguins universe, with opportunities for engagement, access, and ownership. While some of PENGU's advanced utilities are still rolling out, the vision is clear: token holders will be able to participate in governance, access exclusive NFT-related events, content, and merchandise, and potentially even use PENGU as a payment currency within the ecosystem. The token is also planned to expand the NFT ecosystem by potentially allowing users to mint new NFTs, stake their current NFTs for rewards, and be integrated into NFT marketplaces. Furthermore, PENGU is intended to play a role in the Solana DeFi ecosystem, with future plans for staking and rewards that could include earning trading fees, participating in yield farming, or lending PENGU for interest.

PENGU Tokenomics

• Name: Pudgy Penguins

• Symbol: PENGU

• Total Supply: 88,888,888,888 PENGU

• Current Price: $0.04588 (as of July 23, 2025)

• Market Cap: $2,884,305,567.38 (as of July 23, 2025)

Token Allocation:

• Current and Future Team (1-year cliff, 3-year vest): 17.8%

• Pudgy Community: 25.9%

• Other Communities: 24.12%

• Company: 11.48% (1 year cliff, 3 year vest)

• Liquidity: 12.35%

• Public good: 4%

• Proliferation: 4%

• FTT holders: 0.35%

How to Trade Pudgy Penguins (PENGU) on Flipster

Flipster offers a user-friendly platform for trading PENGU, providing traders with the necessary tools and features to navigate the market. To trade PENGU on Flipster, follow these simple steps:

1. Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).

2. Click the [Trade] tab.

3. Search for PENGU and click on it.

4. Select the leverage (up to 25x).

5. Select either a Trigger Order or Market Order.

6. Enter the amount of coin you want to trade or choose a percentage of your available funds.

7. Once you have confirmed the details, click the [Long] or [Short] button to open a position

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with a significant risk of loss due to its high price volatility, and is not suitable for all investors. Please refer to our Terms.