Pengu (PENGU) is the native cryptocurrency of the Pudgy Penguins ecosystem, a popular NFT collection that originated on the Ethereum blockchain. Launched on December 17, 2024, PENGU primarily operates on the Solana network, with plans to expand to Ethereum and Abstract, Ethereum’s layer-2 scaling solution. The total supply of PENGU is 88.88 billion tokens, with about 25.9% allocated to Pudgy Penguins NFT holders via airdrops.
The coin has gained significant attention in the cryptocurrency market, seeing a significant price increase since its inception. As of January 5, 2025, PENGU was trading at $0.0431, representing a 760% increase since its launch. Its market cap has reached around $2.7 billion, with a 24-hour trading volume of $870 million.
Analysts have given various price predictions for PENGU. CoinCodex expects PENGU to trade between $0.037495 and $0.053168 over the next year, with a potential to reach $0.261039 by 2030. DigitalCoinPrice offers a more conservative estimate, predicting a value between $0.0827 and $0.0999 by the end of 2025, and between $0.26 and $0.28 by 2030.
The future of PENGU looks promising, buoyed by its integration into the expanding Pudgy Penguins ecosystem, which includes partnerships with major retailers like Walmart and Target, resulting in over a million toys sold. However, as with all cryptocurrencies, PENGU is subject to market volatility and risk. Potential investors should conduct thorough research and consider market dynamics before making investment decisions.