Pudgy Penguins PENGU

What PENGU actually is on-chain

Pudgy Penguins is an SPL token deployed on Solana, at contract address 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv. That address, not the ticker PENGU, is what uniquely identifies this asset: anyone can deploy a second token calling itself PENGU, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means PENGU is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading PENGU is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For PENGU the project publishes a whitepaper and an active account as @pudgypenguins. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where PENGU sits in the market

At #89, Pudgy Penguins sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. PENGU is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 7 live PENGU order books (Binance, OKX, Gate.io, MEXC, HTX, Upbit…). That is coverage in line with a #89 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

PENGU against its all-time high

PENGU trades 89.4% below its $0.0684 record (on 2024-12-17), which puts a 9.45x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

PENGU across its historical range

The recorded range runs 18.4x, from $0.00371517 to $0.0684 — wide by the standards of traditional assets, moderate for this one's class.

At 94.9% above its record low of $0.00371517 (on 2025-04-09), PENGU sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough that it has held as a floor across multiple market regimes, which is a materially different situation from a low being freshly printed.

PENGU supply structure

PENGU is capped at 88.89 billion PENGU, of which only 62.86 billion is circulating — 70.7% issued, leaving 26.03 billion still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset PENGU is

Pudgy Penguins is a meme asset. There is no cash flow, no fee capture and no fundamental anchor to value it against, which is a description rather than a criticism — it means the price is set entirely by attention and reflexive flow. In practice, volume moves first and price follows, so a volume spike is the leading signal for this class while an oscillator reading is a lagging one. Moves are larger, faster and mean-revert harder than in assets with a revenue story.

CoinGecko files PENGU under 10 categories, including BNB Chain Ecosystem, Solana Ecosystem, Meme, Ethereum Ecosystem, Solana Meme. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Solana (3,129 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: PENGU is tagged as US-originated.

How to set a Pudgy Penguins alert that is worth receiving

Pudgy Penguins is the SPL token at 2zMMhc…uauv on Solana — quoted on 7 venues we stream — high dated 2024-12-17 — rank #89. On this profile the condition that carries signal is a volume-surge condition on the 1-hour or 4-hour candle paired with a wide price threshold.

Full alert-design method: thresholds, RSI/MACD and volume conditions →