How to Buy Pudgy Penguins ($PENGU)

Pudgy Penguins is one of the most popular NFT collections on Ethereum, and the project is making waves with a newly released $PENGU token that just dropped on the Solana blockchain. The new $PENGU token is closely tied to the Pudgy Penguins brand and is being used to reward existing community members and build a bigger audience.

In this guide, I’ll explain how to buy Pudgy Penguins tokens and help investors decide whether $PENGU is the best new token to invest in today.

What Is Pudgy Penguins?

Pudgy Penguins is an NFT collection that launched on Ethereum in 2021, at the height of the last crypto bull market. The collection includes 8,888 unique penguin characters with 150 hand-drawn attributes.

After coming under new management in 2022, the Pudgy Penguins project expanded its brand. It launched Lil Pudgys, a secondary NFT collection with 22,222 penguin characters, as well as a line of toys and stuffed dolls that can be found at major retailers like Walmart. This has helped turn Pudgy Penguins into a prime example of valuable intellectual property that NFT holders actually own.

The $PENGU token is the latest development from Pudgy Penguins. It is a Solana-based token that launched on December 17 with an airdrop. The majority of tokens in the Pudgy Penguins airdrop went to NFT owners, while the project also reserved tokens for itself and for other Web3 communities. The goal of spreading the airdrop—and launching on Solana rather than Ethereum—is to grow the Pudgy Penguins community through $PENGU.

$PENGU launched with a price around $0.068, but fell rapidly to $0.023 as more than 74% of airdrop recipients sold their tokens immediately. The token’s price has since recovered to around $0.033, giving $PENGU a $2.1 billion market cap. $PENGU has a total supply of 88,888,888,888 tokens.

How to Buy Pudgy Penguins

Now that the $PENGU airdrop is complete and the token has begun trading, investors have several options for where to buy Pudgy Penguins coins.

One option is to invest in $PENGU through a centralized crypto exchange, such as Binance or KuCoin. However, note that $PENGU is not currently available to trade on several major US exchanges including Coinbase and Kraken.

Buying through a centralized exchange is relatively easy, but exchanges can have high transaction fees. In addition, if you hold your $PENGU tokens in your exchange account, you won’t have full ownership over the coins. If the exchange were to go bankrupt, your tokens are at risk.

A better option for buying $PENGU is to use Best Wallet. Best Wallet makes it easy to purchase thousands of crypto tokens thanks to its fiat-to-crypto onramp, and you’re in full control of the tokens in your wallet. Plus, Best Wallet offers lower fees for buying Pudgy Penguins tokens than many exchanges.

Here’s how to invest in Pudgy Penguins tokens using Best Wallet.

1. Create a Best Wallet Account

Download Best Wallet from the Apple App Store or Google Play, then tap ‘Get Started.’ Enter your email and phone number and verify them. Then, create a passcode to access your account. I recommend also activating biometric authentication to further secure your wallet.

2. Choose a Payment Method

Head to the Best Walet homepage and tap ‘Buy.’ This will open a new crypto order form. Tap ‘You Spend’ and select the amount (in US Dollars) of $PENGU you wish to buy.

Next, tap ‘Pay Using’ and select how you want to pay for your $PENGU tokens. Best Wallet supports credit and debit cards, Apple Pay, Google Pay, Skrill, and Neteller.

3. Buy Pudgy Penguins

Now tap ‘You Get’ and search for Pudgy Penguins ($PENGU). Review your order to make sure everything is correct, then tap ‘Buy Pudgy Penguins’ to complete your purchase. Your $PENGU tokens will be available in your wallet immediately.

Is Pudgy Penguins a Good Investment?

Now that you know how to invest in Pudgy Penguins, I’d like to examine whether this is really the best crypto to buy now. This is especially important as we head into the crypto bull market, since investors need to build their portfolio wisely to beat the market.

So, let’s dive into $PENGU and examine some of the factors that could influence the Pudgy Penguins token price in 2025 and beyond.

Early Token Dump Followed by Price Stabilization

One of the most noteworthy aspects of the $PENGU token airdrop was how many token recipients sold their coins immediately. Nearly 3 out of 4 $PENGU recipients sold all of their tokens, which the project probably didn’t expect when it structured its airdrop. It’s unclear if the sellers included NFT holders or were primarily members of other included communities—but either way, this doesn’t bode well for the long-term future of the $PENGU token.

That said, the token’s price has stabilized, albeit at a 45% discount to the launch price. So, investors are stepping in to grab tokens at a discount, signaling some confidence that $PENGU could have future value.

Basically, there are mixed signals coming from the market so far about what $PENGU is worth. It’s too early to say that $PENGU failed in its goal of delivering value to the Pudgy Penguins community, but it’s also clear that the airdrop wasn’t a resounding success. $PENGU faces an uphill battle to gain traction.

$PENGU Lacks Utility, But Project Has Strong Value

One of the things I found strange about the $PENGU token is that, unlike many new tokens hitting the market, the utility of this token isn’t clear. $PENGU isn’t directly linked to the Pudgy Penguin NFT collection or to any of the real-world products that the project has recently released. At this point, $PENGU is more like a hype-driven meme coin than a traditional utility or governance token.

However, an important thing to keep in mind when evaluating the $PENGU token is that it’s not an out-of-the-blue meme coin. This token is backed by an absolutely massive community that includes tens of thousands of NFT holders and intellectual property valued at more than $1.5 billion.

In other words, there’s real value in Pudgy Penguins, even if the value of the $PENGU token isn’t yet clear. The project could leverage the inherent value of its NFTs and community to create value for $PENGU in the future, perhaps through NFT drops or profit sharing from merchandise sales.

Crypto Bull Market Could Draw Investors

Another thing to keep in mind is that $PENGU is hitting the market right at the start of what’s widely expected to be a historic crypto bull market. That could bring millions of new investors into Web3, and many of them could look at the $PENGU token as a potential investment because of its association with one of the biggest NFT projects.

Pudgy Penguins could also benefit from the meme coin supercycle. While the $PENGU token isn’t exactly a meme coin, it benefits from the same decentralized community that provides the core of the meme coin supercycle theory. As token prices rise across the meme coin sector, I expect a tailwind for $PENGU that could help boost its value and make it even more attractive to new investors.

Pudgy Penguins Price Prediction

Based on the factors I highlighted above, I put together a Pudgy Penguins price forecast for 2025-2030. My goal is to help investors fully understand the $PENGU token’s potential and decide whether it’s a good investment today.

Pudgy Penguins Price Prediction 2025

According to my analysis, Pudgy Penguins faces competing market forces in 2025. On the one hand, early airdrop recipients are still exiting the token, putting downward pressure on the price. Although the price seems to have stabilized, there isn’t much bullish momentum. Plus, if $PENGU does reach its initial price of $0.068 again, the token could face another round of selling as traders who bought the token at a discount look to take profits.

On the other hand, $PENGU could benefit from the crypto bull run and meme coin supercycle as new investors enter the market and buy up $PENGU on exchanges. The token could also be boosted by listings on Coinbase and Kraken, two major US exchanges that haven’t yet started trading Pudgy Penguins. Another bullish trigger could be the launch of Abstract chain which is being built by the Pudgy Penguins team and promises to integrate the $PENGU token as well as airdrop more of these tokens to Pudgy Penguin plush toy holders.

With this push and pull in mind, I predict the token will hold around its current price level through the first several months of 2025, then climb back towards $0.068 in the summer. I expect $PENGU could end the year at an average price around $0.09, a gain of around 290% from the current price.

Pudgy Penguins Price Prediction 2026

Heading into 2026, I expect the momentum that $PENGU enjoyed in 2025 could begin to wear off. The project is likely to face greater questions from investors about the utility of the $PENGU token, especially as hype-driven price gains level off. If the Pudgy Penguins team can’t provide a clear purpose for the token—effectively positioning it fully as a meme coin—I expect many investors who bought in 2025 will exit and send the price sharply downward.

Even if Pudgy Penguins offers additional utility for the token, many investors may take the announcement as an opportunity to sell the news and close out their $PENGU positions. However, the token’s connection to the Pudgy Penguins ecosystem will continue to support a relatively strong community, so I don’t expect the price to slide too far.

Depending on how all of this plays out, I expect a $PENGU price between $0.049 and $0.077 by the end of 2026—a loss of between 15% and 45% from the token’s price at the end of 2025.

Pudgy Penguins Price Prediction 2030

Pudgy Penguins has proven its staying power as one of the most popular NFT collections, and the project has done a great job of capitalizing on its intellectual property to build a real-world brand. So, I have faith that the project team will find a way to keep a long-term community around the $PENGU token, even if the coin isn’t an overwhelming success.

Between 2027 and 2030, the $PENGU supply could expand as tokens locked for the project team and employees vest. Other communities that received $PENGU during the airdrop could also sell their tokens over this period, further inflating supply. In the absence of major developments around the $PENGU token, it’s hard to envision demand picking up enough to take up this additional supply.

So, I predict $PENGU will trade in a range from $0.025 to $0.040 for much of 2030. This means the token will be worth about the same as it is today, severely underperforming the rest of the crypto market over the next 5 years.

Is Pudgy Penguins a Buy?

I think Pudgy Penguins has some potential as a short-term investment, especially since the token could grab new investors’ attention during the 2025 crypto bull market. However, even my bullish prediction for $PENGU to gain 290% by the end of 2025 is unremarkable compared with how many new meme coin ICOs could perform over the coming year. Analysts are targeting 10x to 100x gains for many of these emerging tokens.

Furthermore, I predict $PENGU’s value will slowly but steadily erode beginning in 2026. While I think this token will endure thanks to its connection to the Pudgy Penguins ecosystem, it’s hard to recommend it as a standalone investment. Overall, my $PENGU price forecast suggests that the token will significantly lag behind gains in the broader crypto market.

Alternative Presale Investments to Pudgy Penguins

While I’m somewhat bearish on the future of $PENGU, I think there are a number of opportunities for crypto investors as we head into the 2025 bull market. I’m paying special attention to crypto presale tokens, which could be the next Dogecoin or Solana of this cycle.

I’ll highlight 3 presales in particular that are happening now and that I think investors will want to keep an eye on.

Wall Street Pepe

Wall Street Pepe is a new meme coin that aims to level the playing field between everyday crypto traders and Wall Street traders. The project is arming $WEPE token holders with exclusive trading signals, meme coin picks, a trading chat room, and more to help them stay one step ahead of the market.

The project has proven incredibly popular, raising more than $36 million just 3 weeks into the $WEPE token presale. The token price is already up 83% since the first presale stage, and the next price increase is just around the corner.

Analysts are predicting that $WEPE could be the next 100x token, and the presale’s success backs this up. I expect Wall Street Pepe to sell out, so there’s no time to waste to lock in $WEPE tokens.

Solaxy

Solaxy is building the first-ever Layer-2 scaling solution for the Solana blockchain, bringing the same technology that revolutionized Ethereum to its competitor network. The new Layer-2 promises to solve Solana’s congestion issues and make transactions cheaper, paving the way for a tsunami of meme coin trading.

Transactions on Solaxy will require the network’s native $SOLX token, which is available to buy on presale now. Trading during the meme coin supercycle could send demand for $SOLX soaring, making this token a potential play for investors who are bullish on Solana meme coins.

The Solaxy presale has raised more than $5 million in just 2 weeks, showing how excited investors are to get their hands on $SOLX. Right now, early investors can also fill their bags with 706% APY staking rewards.

Flockerz

Flockerz is a unique meme coin focused on building a tight-knit and deeply engaged community of token holders. The project is introducing vote-to-earn rewards, in which $FLOCK token holders cast votes on a wide range of development proposals and earn additional tokens in return.

Token holders get a say on everything from what partnerships Flockerz should pursue to how the $FLOCK treasury should be spent. The need to vote to earn rewards ensures that token holders remain close to the project—a very different model from traditional staking, which offers passive rewards without any engagement.

The Flockerz presale is off to a hot start, raising more than $8 million. Vote-to-earn rewards won’t begin until after launch, and early investors can stake their $FLOCK tokens to earn 347% APY in the meantime.

FAQs

What is Pudgy Penguins?

Pudgy Penguins is an Ethereum-based NFT collection launched in 2021 with a total valuation of more than $1.5 billion. It’s also a broader Web3 ecosystem that includes secondary NFT collections like Lil Pudgies, the newly launched $PENGU crypto token, and real-world merchandise like toys and stuffed animals.

How do I stake Pudgy Penguins token?

The Pudgy Penguins token ($PENGU) does not offer staking rewards at this time. However, the project may introduce additional utility or rewards for $PENGU token holders in the future.

How to buy $PENGU tokens?

You can buy Pudgy Penguins tokens ($PENGU) through Binance, OKX, and most major crypto exchanges. It is not currently available on Coinbase or Kraken. You can also buy $PENGU through Best Wallet, which offers reduced transaction fees and a more seamless user experience.

How much does Pudgy Penguins cost?

The Pudgy Penguins token, $PENGU, is currently priced around $0.033. The Pudgy Penguins NFT collection has a floor price of 24 ETH, or $80,000.

References

1. Pengu Airdrop (Flipside Crypto)
2. Pudgy Penguins NFT Collection (OpenSea)
3. Bitcoin Cycles, Entering 2025 (ARK Invest)
4. The ‘memecoin supercycle’ theory is converting crypto unbelievers (Cointelegraph)