Crypto · Solana Memecoin · PENGU
PENGU.
The Breakdown.
PENGU is the Solana SPL token of the Pudgy Penguins NFT brand, issued by Igloo Inc. It was distributed mainly by airdrop to NFT holders and partner communities rather than through a public sale.
PENGU is the Solana SPL token of the Pudgy Penguins NFT brand, issued by Igloo Inc. It was distributed mainly by airdrop to NFT holders and partner communities rather than through a public sale. Not advice.
What PENGU Is
The token itself, and where it came from.
What It Is
PENGU is the Solana SPL token of the Pudgy Penguins NFT brand, issued by Igloo Inc. It was distributed mainly by airdrop to NFT holders and partner communities rather than through a public sale.
Origin
Launched by Igloo Inc, the company behind Pudgy Penguins, on 17 December 2024.
Supply
Maximum supply of 88.888 billion is fixed, and total supply fell to about 76.7 billion after unclaimed airdrop tokens were burned.
Chain
Solana SPL token, also bridged to other chains
Two prices, both from CoinGecko. The dashed line is a straight join between them, not the path the price took.
The Record
Documented highs, lows and events. Not a forecast.
All Time High
$0.06845, 17 December 2024.
All Time Low
$0.003715, April 2025.
Event 1
December 2024, about half of supply was airdropped to Pudgy Penguins holders and partner communities.
Event 2
5 February 2025, the claim window closed early and 12.16 billion tokens, 13.69 percent of supply, were burned.
The Lore
Fourteen dated events, starting three and a half years before the token. The only coin in this series with a retail toy business behind it.
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July 22, 2021
Pudgy Penguins NFT Collection Mints On Ethereum
The original collection of 8,888 hand-drawn penguin NFTs went live on Ethereum at a mint price of 0.03 ETH, roughly $60 at the time before gas. CoinDesk reported the collection sold out in under 20 minutes. Sources: CoinDesk, 7 January 2022; Benzinga, December 2024.
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January 2022
Community Votes The Original Founders Out
Holders voted in the project Discord on 6 January 2022 to remove co-founders ColeThereum and Tubbyfat after roughly six months of undelivered promises including a game, a token and a book. CoinDesk put cumulative OpenSea sales at that point at more than 45,400 ETH, about $140m. Source: CoinDesk, 7 January 2022.
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April 2022
Luca Netz Buys The Collection For 750 ETH
The intellectual property and remaining assets were sold to Luca Netz of Netz Capital for 750 ETH, about $2.5m, in a deal made public on 3 April 2022. Netz had announced the 750 ETH offer publicly in January 2022, before the founders departed. Source: Decrypt, 3 April 2022.
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September 2023
Pudgy Toys Reach 2,000 Walmart Stores
A 16-item Pudgy Toys line manufactured by PMI Kids' World went on sale in 2,000 Walmart stores across the United States at prices from $2.99 to $11.97, each toy carrying a QR-coded birth certificate redeemable for traits in the Pudgy World game. CoinDesk reported the brand had generated $400m in sales since 2021. The toys had already been sold online since May 2023. Source: CoinDesk, 26 September 2023.
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December 17, 2024
PENGU Launches On Solana And Sets Its All Time High
The token went live with a total supply of 88.888 billion, roughly half of it allotted to an airdrop for Pudgy Penguins holders, partnered collections, NFT traders and FTT holders, and Binance opened spot trading the same day at 14:00 UTC. CoinDesk recorded a debut market capitalisation of $2.3bn and timed the open at 9:32 a.m. ET, while Decrypt reported it at about 8 a.m. ET. Every aggregator dates the all time high to that first day but they disagree on the level: CoinGecko lists $0.06845, CoinMarketCap $0.05738 and Coinpaprika $0.053388. Sources: CoinDesk, 17 December 2024; Decrypt, 17 December 2024; crypto.news, 16 December 2024; CoinGecko, CoinMarketCap and Coinpaprika, read 4 September 2026.
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February 5, 2025
Claim Window Closed Early And 12.16 Billion Tokens Burned
Pudgy Penguins said in late January 2025 that the airdrop claim would shut within five days rather than run to its original March 2025 deadline, with Luca Netz arguing that only bots were still claiming. The team then burned 12,164,667,616 PENGU, about 13.69% of supply and worth over $150m, on 5 February 2025, cutting total supply to roughly 76.72 billion against a maximum of 88.888 billion. Sources: Decrypt, February 2025; CoinMarketCap, read 4 September 2026.
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February 13, 2025
Coinbase Lists PENGU
Coinbase opened spot trading for the PENGU-USD pair, alongside POPCAT-USD, at 9:00 a.m. PT on 13 February 2025. The token traded near $0.0107 that day with volume up more than 115% on the previous session. Source: crypto.news, 13 February 2025.
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March 2025
Canary Capital Files An S-1 For A PENGU ETF
Canary Capital filed a Form S-1 with the SEC on 21 March 2025 for a fund that would hold about 80% to 95% of assets in PENGU tokens and 5% to 15% in Pudgy Penguins NFTs, plus SOL and ETH for operational purposes. The filing named neither a ticker nor a listing venue. Sources: etf.com, March 2025; Decrypt, March 2025.
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April 2025
All Time Low
PENGU bottomed at $0.003715, a level CoinGecko dates to 8 April 2025 and CoinMarketCap to 9 April 2025. Coinpaprika records a marginally lower figure of $0.003713 without giving a day. Sources: CoinGecko, CoinMarketCap and Coinpaprika, read 4 September 2026.
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July 2025
SEC Acknowledges The ETF Filing As The Token Recovers
Cboe BZX filed the Form 19b-4 to list the Canary PENGU ETF on 25 June 2025 and the SEC acknowledged it on 10 July 2025, after which PENGU rose more than 30% in a day to about $0.0192. Decrypt put the token near $0.031 on 15 July after a 101% weekly gain, and CCN reported a 2025 peak of about $0.047 on 23 July 2025, which was still below the December 2024 record on every aggregator. Sources: Federal Register, 12 January 2026; 99Bitcoins, July 2025; Decrypt, 15 July 2025; CCN, 23 July 2025.
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January 7, 2026
SEC Extends The PENGU ETF Deadline To 11 March 2026
In release 34-104553 the Commission designated 11 March 2026 as the date by which it must approve or disapprove the Cboe BZX rule change, a 60-day extension beyond the 180-day period that expired on 10 January 2026. PENGU traded near $0.012 and fell about 6% on the news. Sources: SEC release 34-104553, 7 January 2026; Federal Register, 12 January 2026; crypto.news, 9 January 2026.
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March 25, 2026
Pengu Card Launches On The Visa Network
Pudgy Penguins launched the Pengu Card with the payments firm KAST, letting holders spend PENGU and stablecoins at more than 150 million merchants in over 170 countries, with Apple Wallet and Google Wallet support. PENGU rose 5.59% to $0.007331 on the announcement. Sources: Benzinga, 25 March 2026; BanklessTimes, 25 March 2026.
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August 25, 2026
Token Gains 62% In A Week On Public Listing Speculation
A cryptic post by chief executive Luca Netz was read by traders as a hint at a stock market listing, and PENGU rose 62% over one week to about $0.0095, briefly clearing $0.01, with market capitalisation near $600m and daily volume above $400m. No filing or company announcement confirmed any listing plan. Source: Yahoo Finance, 25 August 2026.
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September 4, 2026
Current Price And Market Capitalisation
PENGU trades at roughly $0.0088 for a market capitalisation of about $550m, on circulating supply of 62.86 billion out of a 76.72 billion total. CoinGecko shows $0.008832 and $557.3m, CoinMarketCap $0.008724 and $548.4m, and Coinpaprika $0.008549 and $537.4m. The Canary PENGU ETF was still pending as of NFTevening's 29 March 2026 report and no approval or launch has been found since. Sources: CoinGecko, CoinMarketCap and Coinpaprika, all read 4 September 2026; NFTevening, 29 March 2026.
The Chart, And The Contract
The chart lives on DexScreener and will not render inside another page, so this links out to it rather than showing you a box that never loads. The contract sits beside it so you can check the chart is the token this page is about.
Check the contract against the chart before you trust either. On both chains there is always a different token using the same name.
The Art
Five pieces of Pudgy Penguins art. The character predates the token by three and a half years. I could not source who drew it, so nobody is credited here rather than crediting the wrong person.
The Solana Crossover
A penguin in a beanie with a Solana gradient bobble and the three bar mark on the hoodie. PENGU is a Solana SPL token and the collection it came from is on Ethereum, and this is the piece of art that carries that join.
Above The Clouds
Two penguins mid air over a cloud bank. The brand illustration sits a long way from the flat profile picture art, and that gap is the actual product: a character that can be drawn into scenes is a character that can be licensed.
The Cliff
One penguin on an ice ledge at sunset. No text, no ticker, no chart, and the character is still identifiable from the silhouette alone.
The World Is Pudgy
An airship over a snow town carrying the line THE WORLD IS PUDGY. That is a brand slogan doing the job a roadmap usually does, and it is doing it better than most roadmaps.
The Colony
A crowd of near identical penguins in front of igloos. A collection is a supply number on a contract, and this is what that number looks like when somebody draws it.
The Risks
Structural, and specific to this token.
Risk 1
Team and company allocations near 29 percent vest over several years.
Risk 2
Value rests on NFT brand licensing, not on token cash flows.
Risk 3
Supply spans several chains, so bridge failures could affect holders.
Supply, all time high and all time low from CoinGecko, read 2 September 2026. Launch details from the issuer's own announcements and from Solscan. Any price or market capitalisation inside the timeline is a dated snapshot, not a live figure. The live table is on the memecoins page. Every row in the timeline carries its own date and its own publication, and those are the sources. Supply, contracts, all time highs and all time lows come from CoinGecko, cross checked against CoinMarketCap and Coinpaprika. Where the aggregators disagree, both figures are printed and each is named in the row. Where a date is reported only as a month or a range it is written that way rather than narrowed. Direct quotations are reproduced from the reporting and attributed to the person who said them. Any price or market capitalisation in a row is a dated snapshot, not a live figure. Nothing on this page is a price forecast.
The Rest Of The Series
One breakdown per coin.
WIF · dogwifhat
From a fraction of a cent to nearly five dollars in four months, and what that run was made of.
TRUMP · Official Trump
OFFICIAL TRUMP is a Solana SPL token issued under the Trump brand by CIC Digital LLC and Fight Fight Fight LLC.
BONK · Bonk
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors.
FARTCOIN · Fartcoin
Fartcoin is a Solana SPL memecoin that grew out of Truth Terminal, an AI chatbot built by researcher Andy Ayrey.
USELESS · Useless Coin
Useless Coin is a Solana SPL memecoin whose stated premise is that it has no utility, roadmap or product.
FWOG · Fwog
Fwog is a Solana SPL memecoin built on an original frog character drawn by the artist Titto.
CHILLGUY · Just A Chill Guy
CHILLGUY is a Solana SPL memecoin using a character drawn by the artist Phillip Banks.
SC · Shark Cat
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume.
TROLL · Troll
TROLL is a Solana SPL memecoin built on Trollface, the 2008 drawing by Carlos Ramirez.
Common Questions
PENGU is the Solana SPL token of the Pudgy Penguins NFT brand, issued by Igloo Inc. It was distributed mainly by airdrop to NFT holders and partner communities rather than through a public sale.
Launched by Igloo Inc, the company behind Pudgy Penguins, on 17 December 2024.
Maximum supply of 88.888 billion is fixed, and total supply fell to about 76.7 billion after unclaimed airdrop tokens were burned.
Team and company allocations near 29 percent vest over several years. Value rests on NFT brand licensing, not on token cash flows. Supply spans several chains, so bridge failures could affect holders.
No. It is a breakdown of a token, which is a different thing. Memecoins have no cash flows and can go to zero. Nothing here is financial advice and Cody Wise is not a licensed advisor.
A Memecoin Is Not
A Position.
The sleeve is sized so a total loss changes nothing about the plan. That is the only condition under which it belongs at all.
Not financial advice.