Pengu (PENGU) is the governance and incentive token launched by the Pudgy Penguins NFT project. Pudgy Penguins experienced significant growth during the NFT market uptrend in 2021 and quickly became a leading blue-chip project. Introduced at the end of 2024, Pengu serves as a cornerstone for ecosystem growth. In the Web3 landscape, Pengu stands for community consensus, playful cultural engagement, and on-chain governance innovation.
The Pengu token not only allows holders to purchase limited-run NFTs and participate in DAO voting, but is also planned as a medium of exchange within the Pudgy ecosystem’s planned metaverse experiences. Pengu is pursuing significant initiatives in both GameFi and SocialFi, aiming to drive broader real-world adoption.
As of August 4, 2025, Pengu is trading at $0.03555, recording a 24-hour gain of approximately 3.76%. The daily trading volume exceeds $67 million, with a market cap of about $2.23 billion, ranking it as the 42nd largest globally.
Over the past week, Pengu steadily rebounded from a low of $0.031, mainly driven by three key factors: These factors are:
In July 2025, Pudgy Penguins partnered with Gucci to launch physical toys linked to digital avatars, sparking renewed excitement in the Web3 space. Pengu benefited directly from this utility integration, drawing a wave of NFT buyers.
With Bitcoin surging back to the $118,000 mark, overall crypto market sentiment has turned bullish. This has spurred a broad rally for midcap tokens like Pengu. Meanwhile, meme content on TikTok and X has maintained Pengu’s social media visibility.
On-chain data shows active Pengu wallets surpassed 22,000 in mid-July—a new yearly high. This signals growing user engagement with the project’s ecosystem tools.
In recent days, Pengu has built strong support at $0.033. If it holds above the $0.0365 resistance level, it could test the $0.040 psychological resistance level. The MACD indicator shows a bullish crossover, and trading volume remains healthy.