- Pudgy Penguins (PENGU) initially launched as a unique NFT collection of 8,888 penguins.
- The PENGU Futures Open Interest chart shows a decline in trader activity since February.
- PENGU could see its price surge within $0.001-$0.20 in 2025, driven by post-BTC halving hype.
Pudgy Penguins (PENGU) Overview
| Cryptocurrency | Pudgy Penguins |
| Ticker | PENGU |
| Current Price | $0.006378 |
| Price Change (30D) | -36.08% |
| Price Change (1Y) | +27.61% |
| Market Cap | $401.05 Million |
| Circulating Supply | 62.86 Billion |
| All-Time High | $0.05738 |
| All-Time Low | $0.005126 |
| Total Supply | 88.88 Billion |
What is Pudgy Penguins (PENGU)?
Pudgy Penguins started as a collection of 8,888 unique, penguin-themed NFTs, but it quickly evolved into much more than just a digital art project. With a growing ecosystem, real-world merchandise, and a native utility token, Pudgy Penguins (PENGU) has become a standout name in the NFT space. Here’s what makes it so exciting:
The Core of Pudgy Penguins: NFTs & Community
At its core, Pudgy Penguins is about the art and the community. The 8,888 penguins, each with distinct traits, are highly sought after for their rarity and creativity. As non-fungible tokens (NFTs), these penguins exist on the blockchain, ensuring authenticity and uniqueness, making them valuable digital assets for collectors.
But the project doesn’t stop there. Pudgy Penguins has expanded beyond just digital art, blending the worlds of physical products and Web3 technology. The project has even introduced physical plush toys, clothing, and merchandise, all part of the ecosystem that connects digital art with real-world experiences.
Enter the PENGU Token: Fueling the Ecosystem
In December 2024, Pudgy Penguins introduced its native utility token, PENGU, designed to enhance the overall experience for holders and foster community growth. Launched on the Solana blockchain, the token benefits from high throughput and low transaction fees, providing users a smooth experience.
Key Features of PENGU:
Total Supply: 88,888,888,888 tokens.
- Community Allocation (Pudgy Community): 25.9% of the total supply (23.02 billion PENGU), 100% unlocked at TGE.
- Other Communities: 24.12% of the total supply (21.44 billion PENGU), 100% unlocked at TGE.
- Liquidity: 12.35% of the total supply (10.98 billion PENGU), 100% unlocked at TGE.
- Proliferation (Marketing & Growth): 4% of the total supply (3.56 billion PENGU), 100% unlocked at TGE.
- Public Good Initiatives: 4% of the total supply (3.56 billion PENGU), 100% unlocked at TGE.
- SFTT Holders: 0.35% of the total supply (0.31 billion PENGU), 100% unlocked at TGE.
- Team: 17.8% of the total supply (15.82 billion PENGU), locked for 1 year, then unlocked linearly over 3 years.
- Company: 11.48% of the total supply (10.2 billion PENGU), locked for 1 year, then unlocked linearly over 3 years.
Source: Pudgy Penguins
This distribution ensures a fair and sustainable allocation, focusing on community growth, liquidity, and the project’s long-term development. With PENGU, the ecosystem becomes more than just NFTs; it becomes a living, breathing entity powered by community involvement, real-world goods, and engaging opportunities.
Why Should You Care?
Pudgy Penguins (PENGU) is more than just a cute NFT collection; it represents the merging of digital art, community engagement, and real-world products. PENGU is quickly becoming one of the most exciting projects in the Web3 space. In this price prediction article, let’s explore PENGU’s future growth potential.
Related: Pudgy Penguins’ Parent Company Debuts Ethereum L2 Abstract Chain
Pudgy Penguins Price History
The PENGU token’s price took a sharp fall after its launch, peaking at $0.05738, which became its all-time high (ATH). From there, the coin dropped to a low of $0.027888, finding stability and avoiding further declines. Besides, the $0.027-$0.025 range acted as crucial support, providing a foundation for a rebound.
The price surged to $0.046598, just 14% away from its ATH. However, the momentum quickly faded as resistance set in, causing the price to drop again. This downward movement brought the token to the 50% Fibonacci retracement level, where it briefly found support.
Source: TradingView
Nevertheless, PENGU’s price soon broke below the $0.027-$0.025 range, converting it into resistance. This marked the start of a steady decline, eventually leading the token to its all-time low (ATL) of around $0.0051. At this level, the token found stability and resisted further declines despite earlier bearish momentum.
Currently, PENGU is consolidating at its ATL, showing signs of holding steady at this support level. The cryptocurrency has been trading within a descending channel, characterized by lower highs and lower lows, indicating sustained bearish pressure. Yet, it has recently edged closer to the channel’s upper boundary, suggesting that bullish sentiment may be building.
If this momentum continues and the token breaks above the channel, PENGU could see a shift in market sentiment, pushing its price back toward the $0.027-$0.025 range and even challenging its ATH.
On the other hand, if the bearish trend strengthens, PENGU may revisit its ATL around $0.0051. A break below this level could lead to further declines, reaching the $0.004-$0.002 range or lower.
PENGU Bears Gain Control as Funding Rate Turns Negative
The PENGU Futures Open Interest chart shows a steady decline in market participation since early February, with open interest dropping from over $110.75 million to under $42.47 million by mid-March. This suggests waning confidence and reduced trader activity, contributing to the bearish sentiment surrounding the token.
Source: CoinGlass
The price of PENGU mirrored this decline, as lower open interest signals reduced buying pressure. The OI-Weighted Funding Rate also supports the bearish outlook. Starting March 10th, the funding rate turned negative, indicating that more traders were betting against PENGU.
Source: CoinGlass
This shift towards short positions points to further downward pressure on the price. Negative funding rates can sometimes lead to a short squeeze if the market shifts, but the data shows that bears remain in control for now.
Yearly Highs and Lows of Pudgy Penguins
| Year | Pudgy Penguins Price | |
| High | Low | |
| 2025 | $0.046598 | $0.005126 |
| 2024 | $0.05738 | $0.022960 |
Pudgy Penguins Technical Analysis
The PENGU token’s MACD indicator shows a bullish trend, as evidenced by the positive difference between the MACD line at -0.001061 and the signal line at -0.001392 on the chart. This indicates a possible upward movement in the near term.
However, this bullish momentum is starting to wane as the MACD histogram’s green bars are shrinking, reflecting a weakening buying pressure. The MACD’s decline suggests that while the market was bullish earlier, the momentum is gradually diminishing, which could lead to a price slowdown or a reversal.
Source: TradingView
Meanwhile, the Relative Strength Index stands at 39.18, slightly above the 30 range, suggesting that the token is edging closer to the bearish zone. A closer look at the RSI shows it is shifting downward, aligning with the weakening momentum seen in the MACD.
If the RSI continues to decline toward oversold conditions, it could signal that the price is likely to face further downward pressure. However, if the RSI rises and crosses above 40, it could suggest an impending bullish correction, confirming the MACD’s bullish signal.
Pudgy Penguins (PENGU) Price Forecast Based on Fair Value Gap
The PENGU token’s price action on the chart shows two Fair Value Gaps (FVGs), both slightly above the current price. The first FVG, positioned between $0.027 and $0.031, represents a potential target for price recovery. Markets often revisit these areas for equilibrium after rapid price movements, so the price may eventually return to fill this gap.
Source: TradingView
The second FVG, between $0.013 and $0.023, is also above the current price of $0.0062. If the price rises, this area could be revisited, acting as resistance before further upward movement.
As PENGU remains around $0.0062, both FVGs are critical monitoring levels. A break above the $0.027-$0.030 FVG could signal a shift toward bullish momentum while reaching the $0.013-$0.023 FVG might provide resistance. These gaps suggest significant price action could occur as the token approaches these levels.
Pudgy Penguins (PENGU) Price Forecast Based on MA Ribbon Analysis
The PENGU token’s price remains below the 20-day and 50-day moving averages (MAs), indicating a sustained bearish trend. The 20-day MA is at $0.006846, while the 50-day MA sits slightly higher at $0.009160. These MAs act as resistance levels, preventing short- and mid-term price recovery.
Source: TradingView
Although the the price is below both moving averages, there is a lot of possibility for it to cross the 20-day MA. The 50-day MA could act as immediate resistance if the price crosses the 20-day MA.
If the price fails to break above these MAs in the near future, PENGU is expected to remain under bearish pressure. This could result in a continued consolidation at lower levels or even test its all-time low.
Pudgy Penguins (PENGU) Price Forecast Based on Fib Analysis
The PENGU token is priced at $0.006253, below critical Fibonacci retracement levels. This indicates that the token is still experiencing bearish pressure. However, in a bullish scenario, the first key resistance level sits at $0.016810, corresponding to the 23.6% retracement.
A break above this level could signal upward momentum, with the next target being the 38.2% retracement at $0.023999. A breakout here would open the door for a potential rise to the 50% retracement at $0.029810, where additional resistance may form.
Source: TradingView
Besides, the 61.8% retracement at $0.035621 represents a more profound resistance level, and surpassing this would signal a shift toward bullish sentiment. The 78.6% retracement at $0.043894 is the final resistance zone, marking the key area for a full recovery toward previous highs.
With the current price far below these levels, PENGU faces challenges breaking through them. Further downward pressure may persist until the price surpasses these key Fibonacci levels.
Related: Crypto Signals Indicates a Turnaround for CAKE and PENGU
Pudgy Penguins (PENGU) Price Prediction 2025
Per CryptoTale’s projections, PENGU could reach $0.001-$0.20 in 2025, driven by post-BTC halving market hype and increasing community adoption. Stronger demand for NFTs and merchandise will increase prices before a market correction.
Pudgy Penguins (PENGU) Price Prediction 2026
According to our price forecast, PENGU may experience a correction, falling to $0.08-$0.15 as the market enters a recession phase. The euphoria from 2025 subsides, and traders reassess token valuations in a bear market environment.
Pudgy Penguins (PENGU) Price Prediction 2027
CryptoTale predicts that PENGU could hit $0.05-$0.010 in 2027 as the market recovers. The anticipation of the next BTC halving builds, leading to renewed optimism and increased investor interest, though the recovery will remain slow after years of price erosion.
Pudgy Penguins (PENGU) Price Prediction 2028
Per projections, PENGU might rise to $0.25-$0.50 in 2028 as the market stabilizes. Investors regain trust, and ongoing development, partnerships, and blockchain advancements create a positive environment for digital assets amid the fifth BTC halving cycle.
Pudgy Penguins (PENGU) Price Prediction 2029
Our analysis shows PENGU could reach $0.60-$1.00 in 2029, driven by the post-BTC halving effects and attracting significant investor interest. However, despite the growth, the price may phase a correction later in the year due to ongoing regulatory challenges and market stabilization.
Pudgy Penguins (PENGU) Price Prediction 2030
According to CryptoTale price predictions, the PENGU token might experience a market correction, reaching $0.50-$0.80. This will follow the post-halving hype as the market consolidates and reevaluates.
Pudgy Penguins (PENGU) Price Prediction 2031
In 2031, CryptoTale anticipated PENGU could drop to $0.25-$0.65, marking the bottom of the market. The crypto space will experience a significant correction, followed by stabilization and slow recovery.
Pudgy Penguins (PENGU) Price Prediction 2032
CryptoTale forecasts PENGU will surge to $1.00-$2.50 in 2032, driven by the hype surrounding the sixth BTC halving and renewed market optimism. This positiveness will fuel Web3 adoption and NFT demand.
Pudgy Penguins (PENGU) Price Prediction 2033
PENGU may reach $2.50-$5.00 in 2033, entering an expansion phase. Market recovery, growing interest in digital assets, and broader Web3 adoption will drive the token’s upward momentum.
Pudgy Penguins (PENGU) Price Prediction 2034
In 2034, PENGU could retrace slightly to $1.50-$3.50 before recovering. Regulatory challenges may cause temporary dips, but new use cases and partnerships will drive long-term growth.
Pudgy Penguins (PENGU) Price Prediction 2035
By 2035, PENGU is expected to peak at $6.00-$10.00, supported by widespread adoption and technological advancements. Continued growth in the NFT space will bolster the token’s value.
FAQs
PENGU is the native utility token of the Pudgy Penguins ecosystem, designed to enhance user experience, foster community growth, and support real-world and digital initiatives.
You can purchase PENGU on supported exchanges by trading with Solana (SOL) or other cryptocurrencies. Ensure you use secure platforms for transactions.
Investing in PENGU depends on your risk tolerance and market outlook. As a volatile asset, PENGU offers growth potential but also significant risks, particularly in market downturns.
The best way to store PENGU securely is in a hardware wallet (like Ledger or Trezor) or a reputable software wallet with strong security measures.
Pudgy Penguins was founded by Cohen and Luca, who envisioned creating a community-focused NFT project that extends into physical merchandise and Web3 spaces.
PENGU was launched in December 2024, following the growing popularity of the Pudgy Penguins NFT collection and the need for a utility token to support its ecosystem.
The circulating supply of PENGU is 62.86 billion, with a total supply of 88.88 billion tokens, supporting community engagement, liquidity, and ecosystem growth.
While PENGU’s all-time high of $0.05738 remains a key target, future performance depends on market conditions, adoption, and the overall growth of the Pudgy Penguins ecosystem.
PENGU’s lowest price to date is $0.005126, marking its all-time low after experiencing downward pressure during market corrections and volatility.
In 2025, PENGU could range between $0.001 and $0.20, driven by the hype surrounding the post-BTC halving, increasing demand for NFTs, and community-driven growth.
By 2028, PENGU could reach $0.25-$0.50 as market stabilization, the fifth BTC halving and broader Web3 adoption contribute to its growth and value appreciation.
PENGU’s price could correct to $0.50-$0.80 in 2030 as the post-halving hype subsides and the market enters a consolidation phase for reevaluation and stabilization.
By 2032, PENGU could surge to $1.00-$2.50 due to renewed market optimism and the sixth BTC halving, with Web3 adoption and NFT demand driving price growth.
In 2035, PENGU may peak at $6.00-$10.00, fueled by widespread adoption, technological advancements, and continuous growth within the NFT space, which will bolster long-term value.
