Pengu Coin (PENGU) is the native cryptocurrency of the Pudgy Penguins ecosystem, a prominent NFT collection known for its engaging community and distinctive digital art. Launched on December 17, 2024, PENGU operates on the Solana blockchain, with plans for future expansions to Ethereum and the Abstract layer-2 network. The total supply of PENGU is 88.88 billion tokens, with significant allocations designated for community engagement, including airdrops to holders of Pudgy Penguins NFTs. 
Upon its debut, PENGU was projected to have a launch price between $0.07 and $0.10, potentially positioning its market capitalization among the top 30 cryptocurrency projects.  However, early trading data indicated a pre-market price of approximately $0.044, reflecting initial volatility. 
As of December 17, 2024, PENGU’s price experienced significant fluctuations, reaching an all-time high of $0.06845 and a low of $0.03764 within the same day. The 24-hour trading volume exceeded $728 million, indicating substantial market activity. PENGU is currently available for trading on major exchanges, including Binance, with pairs such as PENGU/USDT and PENGU/BNB. 
Given the inherent volatility of cryptocurrency markets, predicting short-term price movements for PENGU over the upcoming weekend remains challenging. While some analysts have projected a launch price up to $0.010,  actual market performance will depend on factors such as investor sentiment, market liquidity, and broader cryptocurrency market trends.
Investors should exercise caution and conduct thorough research before engaging in trading activities involving PENGU, considering the dynamic nature of the cryptocurrency market.
For a more detailed analysis and predictions regarding PENGU’s launch and market performance, you may find the following video informative:
