PENGU is the native token of the Pudgy Penguins project, which began as a collection of non-fungible tokens (NFTs) representing unique digital penguins. The token was launched on the Solana network in December 2024 with the goal of fostering community engagement, rewarding contributors, and supporting the project’s decentralized governance system.
Economics and Distribution: The total supply of PENGU tokens is approximately 88.88 billion tokens, distributed as follows:
25.9% to the Pudgy Penguins community, including holders of the underlying NFTs.
24.12% to expand the global community and attract new members.
12.35% to support liquidity in decentralized exchanges.
Price Performance and Forecast: Since its launch, PENGU has seen significant price fluctuations. On December 17, 2024, it was trading at around $0.003375, later rising to $0.05019 after the free reward distribution. Currently, it is trading near the $0.04 level.
Future forecasts suggest that the price could rise to levels between $0.3 and $2 by 2030, depending on project adoption and market development. However, it should be noted that these forecasts depend on multiple factors, including project adoption, protocol updates, and investor activity.
Factors affecting price: The price of PENGU is affected by factors such as supply and demand, project updates, activity of large investors (whales), and regulatory developments. For example, the price of PENGU recorded an increase of 18% after a large whale accumulated the coin.
Conclusion: PENGU is a key part of the Pudgy Penguins ecosystem, with plans to expand the project and increase community engagement. Despite the positive outlook, investors should do their own research and understand the potential risks before investing.
