Pudgy Penguins

PENGU is the token of Pudgy Penguins, an NFT collection that grew into one of the more recognizable consumer brands to emerge from crypto. The original collection launched in 2021, struggled, and was acquired by new leadership in 2022 who rebuilt it around intellectual property licensing and mainstream distribution rather than around NFT trading alone.

That strategy produced physical toys sold in major retail chains, licensing deals, and a very large social media presence, giving the brand reach far beyond crypto-native audiences. PENGU was launched in December 2024 as the community token tied to that brand and distributed largely through an airdrop to NFT holders and the wider community.

What the token does

PENGU functions as a community and brand token rather than as a protocol asset. It has no staking yield derived from protocol revenue and no governance over a technical system in the way a DeFi token does. Its role is as the token of the Pudgy Penguins ecosystem, connecting NFT holders, the wider fanbase, and the brand's expanding activities.

The token is available on Solana, Ethereum, BNB Chain, and Abstract, a network the Pudgy Penguins team is associated with.

Supply

PENGU has a maximum supply of 88,888,888,888 tokens. Total supply reported in current data is considerably higher at roughly 263.9 billion, which reflects the token existing across multiple chains and how those balances are counted. Circulating supply sits at around 62.9 billion.

Where reported total supply exceeds the stated maximum, it is worth checking the project's own tokenomics documentation and the specific contract on each chain before drawing conclusions from supply figures.