How is the price movement of PENGU? What project is Pudgy Penguins?

According to market data from Gate.io, PENGU is currently priced at $0.010449, with a 24-hour increase of 16.80%. PENGU currently has a circulating market cap of $642 million, ranking 96th in the entire market. Since hitting a low of around $0.0037 earlier this month, PENGU has seen an increase of nearly 200%, making it one of the best performing meme coins this month. PENGU's all-time high was set at $0.047 in early January of this year, and the current price is down nearly 80% from that peak.

What project is Pudgy Penguins?

Pudgy Penguins is one of the most representative NFT projects in the cryptocurrency field, born in July 2021, and quickly became popular with 8,888 adorable penguin images. As a pioneer of "cute" NFTs, Pudgy Penguins not only rose against the trend during the bear market but also successfully achieved IP commercialization. The project launched exclusive physical toys sold at Walmart, co-branded apparel, and plans to develop an animated series, with physical sales exceeding $10 million in 2023, validating the feasibility of the "NFT + physical" model.

The community is the core competitive advantage of Pudgy Penguins, where holders can enjoy profit sharing from IP derivatives and exclusive events, forming a strong consensus. To promote ecological expansion, the project launched the ecological token PENGU at the end of 2024, which is used for governance, NFT staking rewards, and payments within the ecosystem.

The total supply of PENGU tokens is 1 billion, with a deflationary mechanism in place: 40% is allocated for community incentives, 30% for ecological construction, 20% for the team and advisors, and 10% for liquidity reserves. With the development of Web3 application platforms such as Pudgy World, the demand for PENGU is expected to continue rising, showcasing a new paradigm in the combination of NFT IP and token economy.

PENGU's future outlook

PENGU, as an important part of the Pudgy Penguins ecosystem, has recently shown a strong rebound momentum. According to market data from Gate.io, PENGU is one of the best-performing meme coins in April.

Relying on the mature IP value and physical commercialization layout of Pudgy Penguins, PENGU has clear application scenarios in NFT staking rewards, ecological payment, and community governance. With the continuous expansion of Web3 platforms like Pudgy World, the demand for the token is expected to grow steadily. Coupled with a deflationary design of a total supply of 1 billion tokens and a clear community incentive mechanism, PENGU is gradually transforming from a short-term speculative asset into an ecological token with long-term support. In the future, as the integration of NFTs and the real economy deepens, PENGU has the potential to occupy a place in the Web3 track and is worth continuous attention.

Author: Icing, Gate.io researcher *This article only represents the author's views and does not constitute any trading advice. Investment involves risks, and users should make cautious decisions. *This content is original and copyrighted by Gate.io. If reprinted, please indicate the author and source; otherwise, legal responsibility will be pursued.