Pudgy Penguins & PENGU Token Review: Top NFT Collection 2025

Pudgy Penguins, the first NFT collection selling items at the largest supermarket chain in the US, Walmart, with images of cute and funny penguins, is hot again with the launch of the PENGU token. Let’s learn about the project with Coincu.

Key Takeaways
– Pudgy Penguins is a collection of 8888 NFTs deployed on the Ethereum platform.
– NFTs with more rare attributes will sell for a higher price than NFTs with common attributes.
– The project once again caused a stir when it announced the launch of its PENGU token on the Solana blockchain and major exchanges.

What Is. Pudgy Penguins?

Pudgy Penguins is a collection of 8,888 unique NFTs featuring hand-drawn penguin-themed images. Built on the Ethereum blockchain, each NFT in the collection is an ERC-721 token characterized by its non-fungible and indivisible nature.

The project debuted on July 22, 2021, during a period when animal-themed profile picture (PFP) NFTs, like the Bored Ape Yacht Club (BAYC), were gaining massive traction.

Recently, Pudgy Penguins made headlines again with the announcement of its new PENGU token. The token has been launched on the Solana blockchain and is available on major cryptocurrency exchanges.

Did you know?
Pudgy Penguins quickly attracted attention when it was just launched when the entire collection sold out after only 19 minutes of launch.

Characteristics Of Pudgy Penguins NFT

Every Pudgy Penguin NFT has five key attributes combined into its creation, adding different layers of uniqueness and individuality to each token. These are the attributes:

• Background
• Body
• Face
• Head
• Skin

Each of the elements comes in a range of styles, characteristics, and limited numbers. The rarity of an NFT’s attributes plays an important role in determining the market value of that piece.

Did you know?
Rare traits in tokens seem to sell higher than their common characteristic peers. Lovers and collectors also covet unique or low-count combinations for NFTs.

Pudgy Penguins Products

Pudgy Giphy’s

Pudgy Penguins fans can view animated GIFs on Giphy.com, which are free for anyone to use. These playful animations bring the NFT collection to life and don’t require any NFT ownership, thus making them accessible to the mass public.

Pudgy Huddle: The Official Toy Store

The company’s official e-commerce, Pudgy Huddle, sells a variety of exclusive items, from figures, plush toys, and more from themed apparel. The merchandise is available through major channels like Amazon or in excess of 2,000 Walmart stores. Very often, it releases collections with a certain theme, and sometimes rare items have some sort of unique design or icon.

Lil Pudgys

The original NFT collection saw huge demand but became very expensive for some fans to afford. In order to solve that, the team launched the Lil Pudgys in December 2021. This second collection consists of 22,222 chibi-style, hand-drawn penguin NFTs offered at cheaper prices.

While the original set had its sole exclusivity with the Ethereum blockchain network, Lil Pudgys applied LayerZero‘s cross-chain functionality. That enables holders to store and easily move their NFTs across the Ethereum and Polygon chains.

As the brand has furthered its ideas, it’s given life to a sub-collection titled Pudgy Rods catering to penguins. This NFT variant launched on 30 August 2021, was given for free to all Pudgy Penguins owners.

Read more: Layer 2 for Pudgy Penguins Is Targeted for Development

Pudgy Penguins NFT Metrics

• NFT Name: Pudgy Penguins
• Blockchain: Ethereum
• NFT Standard: ERC-721
• Contract: 0xBd3531dA5CF5857e7CfAA92426877b022e612cf8
• Total Supply: 8.888

PENGU Token

Key Metrics

• Token Name: Pudgy Penguins Token
• Ticker: PENGU
• Token Type: SPL Token
• Blockchain: Solana
• Contract: 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
• Total Supply: 88,888,888,888 PENGU

Token Allocation

• Airdrop: 25,9%
• Founding Team & Project Team: 17.8%
• Liquidity Pool: 12.35%
• New Community Development: 24.12%
• Brand Development: 4%
• FTT Holders: 0.35%
• Company: 11.48%
• Community Benefit: 4%

Token Release Schedule

Tokens allocated to Team and Company will be locked for 1 year and gradually unlocked over the next 3 years. Meanwhile, the remaining allocation will be 100% unlocked at TGE.

Read more: Pudgy Penguins Supports OTC Trading With New Platform Pudgy Swap

Team

Nowadays, the company are operated by another team popularly known as Luca Netz or Luca Schnetzler. Since Luca Netz took the reins of the project, he is credited with having restored activity to it through renewed development and proposals on enhancing community and value.

The current leadership team includes Luca Netz as Chief Executive Officer (CEO), Lorenzo Melendez as President, Austin as Chief Marketing Officer (CMO), Peter Lobanov as Chief Creative Officer (CCO), Jennifer McGlone as Chief Legal Officer (CLO), and Vedant as Chief Strategy Officer (CSO).

Investors

Pudgy Penguins raised $9 million in May 2023, led by 1kx, with participation from multiple funds and investors, including Big Brain Holdings, Kronos Research, the founders of LayerZero Labs, Old Fashion Research, and CRIT Ventures.

FAQs About Pudgy Penguins

ERC-721

Lil Pudgys

NFT

PENGU

Pudgy Giphy's

Pudgy Huddle

Pudgy Penguins

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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