PENGU, the Solana-based token tied to the Pudgy Penguins ecosystem, is drawing renewed consideration from crypto merchants and analysts who argue the asset is undervalued regardless of a broader cooldown in meme coin hypothesis.
Abstract
- “I don’t see this as an space you need to be shorting,” Sherpa mentioned about PENGU.
- PENGU’s enchantment extends past short-term hypothesis, citing the power of the Pudgy Penguins model itself, Awan says.
- Pudgy Penguins started in 2021 as a group of 8,888 cartoon penguin NFTs launched on Ethereum through the top of the NFT growth.
Properly-known dealer Altcoin Sherpa mentioned PENGU doesn’t current a pretty brief alternative at present ranges, pointing to its place in a high-volume buying and selling zone and what he described as comparatively sturdy fundamentals. As a substitute, he favors accumulation, notably if broader market situations enhance.
“I don’t see this as an space you need to be shorting,” Sherpa wrote on X. “It’s a high-volume space on quantity profile and it nonetheless has a ton of nice fundamentals — as a lot as there might be in crypto. Meme hype has cooled, however I actually suppose PENGU will carry out nicely as soon as Bitcoin is in a more healthy pattern.”
Sherpa additionally disclosed that he holds a place within the token.
Crypto analyst Ali Martinez echoed the constructive outlook, noting that PENGU’s present chart construction resembles Pepe’s early technical setup earlier than its sharp rally to all-time highs. One other dealer, Awan, argued that PENGU’s enchantment extends past short-term hypothesis, citing the power of the Pudgy Penguins model itself.
PENGU isn’t simply hype, in response to Awan. “It’s backed by Pudgy Penguins, a significant Web3 IP with real-world execution.” He highlighted the token’s launch on Solana, its community-first airdrop mannequin, and long-term crew vesting as indicators of a extra sustainable distribution technique. Primarily based on these elements, he mentioned a $1 worth goal is “inevitable over time.”
From NFT Assortment to Shopper Model
Pudgy Penguins started in 2021 as a group of 8,888 cartoon penguin NFTs launched on Ethereum through the top of the NFT growth. The undertaking was initially created by 4 pseudonymous founders and rapidly gained recognition for its distinctive artwork type and lighthearted, community-driven branding.
After inside disputes and stalled growth led to a lack of momentum, entrepreneur Luca Schnetzler (Luca Netz) acquired the Pudgy Penguins IP in 2022 for roughly 750 ETH. Beneath Netz’s management, the undertaking pivoted away from being purely an NFT assortment and towards constructing a broader client model rooted in Web3 tradition.
That shift proved pivotal. Pudgy Penguins expanded into bodily merchandise, licensing, and mainstream retail, together with plush toys offered by main shops resembling Walmart and Amazon. The model positioned itself as a bridge between crypto-native communities and mass-market audiences, emphasizing family-friendly design and accessibility.
Gaming Push Alerts Broader Ambitions
Most not too long ago, Pudgy Penguins introduced the growth of its Pudgy Social gathering cellular recreation, marking a deeper push into gaming as a development channel. The sport has already surpassed 1 million gamers, gained a number of trade awards, and is rolling out new seasons on a month-to-month foundation, signaling rising person engagement and long-term growth plans.
For supporters of PENGU, the mixture of a longtime model, real-world execution, and an increasing product ecosystem differentiates it from extra ephemeral meme tokens. Whereas broader market situations and Bitcoin’s trajectory stay key variables, merchants betting on PENGU argue that Pudgy Penguins’ evolution from an NFT undertaking right into a consumer-facing Web3 model might give the token endurance within the subsequent market cycle.
