What is Pudgy Penguins (PENGU) Crypto?

Pudgy Penguins is another leading Web3 brand that has taken e-space by storm with the wildly popular collection of 8,888 unique penguin-themed NFTs on the Ethereum blockchain. From there, it has grown and eventually spun into a thriving ecosystem comprising digital assets, physical merchandise, and immersive experiences; and the community, endearingly referred to as "The Huddle," goes a long way towards making this brand succeed.

Search hype about Pudgy Penguins NFTs , and with the addition of PENGU, the ecosystem is constantly redefining the innovation benchmark in Web3. The expanded footprint into physical merchandise like Pudgy Penguins toys (370 searches), books, and apparel keeps closing the distance between the digital and physical and provides one-of-a-kind experiences for collectors and aficionados.

Pudgy Ecosystem

The Pudgy Penguins ecosystem includes:

Original Pudgy Penguins NFTs: The foundation of the brand with 8,888 unique penguins, actively traded on platforms like OpenSea.

Lil Pudgys: A collection of 22,222 NFTs with cross-chain functionality on Polygon, BNB Smart Chain, and Arbitrum.

Pudgy Rods: Initially mysterious eggs revealed as fishing rods, adding intrigue.

Physical Merchandise: Products like Pudgy Penguins toys and apparel available on Amazon, often paired with digital components.

Pudgy World: A multiplayer metaverse on zkSync Era for immersive community interactions.

What is PENGU?

PENGU is the primary token belonging to the native community of Pudgy Penguins, which launched on Solana in 2024 with a total issuance of 88.88 billion tokens in supply.

Use case

Governance: Voting on ecological decisions

Staking: Two earning potential while securing the network to strengthen.

Marketplace Transactions: Carry out purchases on the Pudgy Penguins marketplace.

Community Initiatives: Fund joint projects.

By integrating PENGU, Pudgy Penguins enhances its ecosystem by creating a dynamic blend of utility and engagement.

Where to buy PENGU Token?

Whether it's through CEX platforms like Binance, OKX, KuCoin, Bybit, and Gate.io, or DEXs like Uniswap and PancakeSwap, one can buy PENGU tokens through any medium. CEXs can be considered more user-friendly and highly liquid for reasons like improved security; that is why they are more suitable for the beginners. Popular trading pairs include PENGU/USDT.

Where and How to Buy Pudgy the Penguin NFT?

Once you've selected the perfect Pudgy Penguin NFT for you, there's no better place to purchase it than from some of the most popular platforms such as OpenSea, Blur, LooksRare, X2Y2, or even the official Pudgy Penguins Marketplace. Here is a stepwise guide that explains how to get your wallet ready for making this purchase.

Before Purchasing NFT, Set Up a Crypto Wallet: Get an Ethereum-compatible wallet

PENGU houses a robust collection of wallets,such as Solflare and Phantom that help users transfer their assets on and off the Solana blockchain. Meanwhile, multi-chain wallets like Coinbase Wallet, Trust Wallet, or Ethereuma wallet support users in many transactions. And for security, PENGU also works on integrating with hardware wallets like Ledger and Trezor. WalletConnect makes an easy link to various dApps, while Coin98, Magic Eden, and Frontier offer different features specially designed for DeFi and NFTs. Google through TipLink is an example of several option designs for new users. So whether you are a De-Fi enthusiast, an NFT collector, or just a trader in crypto, PENGU has a wallet suited to your needs.

1. Setting Up MetaMask

Get the starting steps for buying Pudgy Penguins by following these easy steps with MetaMask:

Install MetaMask: Download the official MetaMask extension for your browser (Chrome, Firefox etc.)

Create or Import a Wallet- Choose "Create New Wallet," Create a password and save your 12-word seed phrase for recovery. Select "Import Wallet" and type in your pre-existing seed phrase if you already had a wallet.

Fund your Wallet: Transfer ETH to your wallet via its exchange like from Coinbase or Binance.

2. Setting Up Trust Wallet

If you want to setup on with Trust Wallet:

Install Trust Wallet: Download the Trust Wallet application on your mobile device.

Create a Wallet. Setup a Password and Seed Phrase keeping it Private. 

Top-Up Your Wallet: Transfer ETH to your wallet through exchange or using in-app purchase option. 

3. How to Buy Pudgy Penguin NFTs

Now that your wallet is ready, follow these steps to buy Pudgy Penguins:

Visit a Marketplace: Go to OpenSea, Blur, or Pudgy Penguins Marketplace. If you use Trust Wallet, open the dApp browser and type "opensea.io."

Connect Your Wallet: Click "Connect Wallet" on the marketplace and choose your wallet type (MetaMask or Trust Wallet).

Explore the Collection: Search for Pudgy Penguins, use filters to sort by price, rarity, or traits, and select your desired NFT.

Make a Purchase: Click "Buy Now" or "Make Offer," confirm the transaction, and pay the required gas fees.

Why is Pudgy Penguins (PENGU) Famous for?

Pudgy Penguins is famous for its unique collection of 8,888 penguin-themed NFTs on the Ethereum blockchain, celebrated for creativity, a strong community, and an evolving ecosystem. The brand's appeal extends beyond NFTs, with Lil Pudgys (22,222 cross-chain NFTs), Pudgy Rods, and physical merchandise like toys, apparel, and books sold on platforms like Amazon. These items seamlessly blend physical and digital experiences, adding to their charm.

The ecosystem also features Pudgy World, an immersive metaverse on the zkSync Era network, offering engaging multiplayer experiences for its community. Additionally, the launch of the PENGU token on Solana with a supply of 88.88 billion tokens has strengthened its reputation. PENGU enables governance, staking, and marketplace utility, making it a valuable addition to the ecosystem.

 As of 2024, Pudgy Penguins has now become the world's second most-valued NFT collection, with its floor price now surpassing $100,000 and more than $10 million in merchandise sales through retailers like Walmart and Amazon.

PENGU Tokenomics and Coin History

As of 2024, the total supply of PENGU token is totaled as 88888888888 tokens which minted on 17th Dec 2024 during its Token Generation Event (TGE) on the Solana Blockchain. On the same day, the token marked its all-time high or ATH of $0.06845 and at all-time low or ATL $0.01141 further displaying some good market actions. The current standing for available supply amounts to 62.4 billion PENGU with a market cap of $1.9 billion. 

Token allocations are as follows: 

25.9%: air-dropped to holders of Pudgy Penguins NFT. 

24.12%: users of Solana and Ethereum. 

17.8%: development team. 

11.48%: company. 

PENGU's launch capitalized on Solana's fast, cost-effective network, positioning the token as a vital component of the Pudgy Penguins ecosystem.