Table of contents

• What is a fat penguin (PENGU)?
• Who created PENGU?
• How does PENGU work?
• Icehouse Company
• Chubby Penguin NFT
• Why trade PENGU?
• PENGU Use Cases
• PENGU Token Economics
• PENGU Price Forecast: Strong bullish momentum, target soon reaches $0.05
• Will PENGU prices soar further?
• PENGU shows bullish cup handle pattern breakthrough potential
• Key levels that need attention?

What is a fat penguin (PENGU)?

Pudgy Penguins is a well-known NFT project with 8,888 uniquely generated penguin characters. These penguins have attracted widespread attention in the cryptocurrency and Web3 community through social media and other platforms, not only because of their charming appearance, but also because the project ambitiously expands into multiple areas, including merchandise, games and an evolving ecosystem.

Since its launch in July 2021, Pudgy Penguins has been committed to transcending the traditional NFT project model and developing into a well-known brand focused on community engagement and real-world practicality. PENGU is at the heart of this ever-expanding ecosystem, and it is the project’s native cryptocurrency token.

Launched on the Solana blockchain in 2024, PENGU aims to enhance the Pudgy Penguins experience as a bridge between Pudgy Penguins physical goods and its digital image in the DeFi space.

Who created PENGU?

The "Big Penguin" project was originally founded by four college students - Cole Villemain, Clayton Patterson, Micky J and Jonah - and operated under the name "The Igloo Company". While the project has grown rapidly in the early stages, previous challenges – including ownership changes – hinder their project roadmap.

In 2022, the following two people acquired the project:

• Luca Netz, CEO: Luca Netz is a serial entrepreneur with a background in Web2 marketing, who acquired Pudgy Penguins in 2022 and led the company’s revitalization with a focus on community engagement and brand building.
• President Lorenzo Melendez: Lorenzo Melendez has a background in computer science and blockchain consulting, bringing technical expertise and leadership to the Pudgy Penguins project.

Under Netz, Pudgy Penguins has carried out rebranding and revitalizing efforts, focusing on expanding its reach, strengthening its position in the NFT and the broader Web3 ecosystem, and creating a sustainable and long-term brand.

How does PENGU work?

PENGU is a native cryptocurrency token for the Pudgy Penguins ecosystem. The token provides holders with a variety of interests and engagement opportunities, is a core component of the project’s ever-expanding ecosystem and facilitates community engagement.

Icehouse Company

Igloo Inc. is an enabler of the Pudgy Penguins project. They are committed to building a globally renowned brand that focuses on community building, innovation and connecting the digital and real worlds. PENGU is the fuel for the Pudgy Penguins ecosystem, incentivizes participation through governance and allows users to have a say in the development of the Pudgy Penguins project at Igloo Inc. These strategic decisions demonstrate Igloo Inc.'s commitment to building a sustainable development system for NFT and token holders around the world.

Chubby Penguin NFT

Pudgy Penguins NFT series Lil Pudgys remains at the heart of the project, and PENGU aims to increase its visibility and value. With PENGU, users can gain a deeper understanding of the Pudgy Penguins NFT project, its community and its initiatives.

Therefore, users who hold PENGU or new to the project can develop a deeper understanding and appreciation of the NFT itself, potentially driving demand and participation in the NFT market. This increase in interest and activity also helps to enhance the overall market value of the Pudgy Penguins NFT series and further consolidate its position in the NFT field.

In addition, PENGU can also be used to acquire Pudgy Penguins NFT, participate in exclusive NFT-related activities, and even unlock unique digital experiences in the Pudgy Penguins world.

Therefore, this creates a synergy between the token and the NFT, and the success of one party enhances the success of the other. By integrating PENGU into the NFT ecosystem, Pudgy Penguins creates a more engaging and rewarding experience for token holders and NFT collectors.

Why trade PENGU?

PENGU has been exposed on social media for more than 50 billion times, attracting the attention of many investors and traders due to its connection to popular brand Pudgy Penguins and its future growth potential in the ever-expanding Web3 space. The token's market value fluctuates greatly, reflecting the growing market interest in the project.

In addition, the price of PENGU tokens has fluctuated significantly recently, with prices falling by 50% in December 2024, which provides traders with an opportunity to make profits by taking advantage of price fluctuations, but it is necessary to recognize the risks inherent in cryptocurrency trading.

PENGU Use Cases

Governance: PENGU holders can participate in the governance of the Pudgy Penguins project, vote on proposals, and influence the development direction of the ecosystem.

Exclusive Access: Holding PENGU provides additional value and incentives for active participation and investment by providing exclusive licensing opportunities, content, events and merchandise within the Pudgy Penguins community.

Pledge and Rewards: PENGU can receive rewards through staking and participate in various DeFi protocols in the Solana ecosystem to obtain passive income and further integrate into the decentralized finance field. For example, the holder can pledge PENGU to:

• Earn a certain percentage of transaction fees on decentralized exchanges such as Orca
• Participate in profit farming
• Lend PENGU to earn interest

Payment: PENGU can be used as a payment currency within the Pudgy Penguins ecosystem, or for purchases of goods and other related products such as Pudgy Penguins plush toys and clothing or digital collectibles, thereby increasing the practicality of the token and its integration into the Pudgy Penguins brand.

NFT Application: PENGU tokens may also play a key role in expanding the Pudgy Penguins NFT ecosystem. For example:

• Cast a new NFT:

PENGU can be used to purchase or cast new Pudgy Penguins NFTs, and even create unique, user-generated NFTs in the Pudgy Penguins universe.

• NFT staking:

Holders can pledge their Pudgy Penguins NFT to earn PENGU rewards, further incentivizing NFT ownership and participation in the ecosystem.

• NFT Market Integration:

PENGU can be integrated into the NFT market as a payment option to buy and sell Pudgy Penguins and related NFTs, thereby increasing the practicality of tokens and driving demand.

• Unlock exclusive NFT content:

Holding a certain number of PENGUs unlocks exclusive access to rare NFTs, special editions, or unique digital experiences in the Pudgy Penguins world.

PENGU Token Economics

• Name: Chubby Penguin
• Symbol: PENGU
• Total Supply: 88,888,888,888 PENGU
• Current price: USD 0.04406 (as of July 23, 2025)
• Market capitalization: USD 2,766,471,540 (as of July 23, 2025)

Token allocation:

• Current and Future Teams (1 year cliff, 3 year ownership): 17.8%
• Pudgy Community: 25.9%
• Other communities: 24.12%
• Company: 11.48% (1 year cliff income, 3 years attributable income)
• Liquidity: 12.35%
• Public interest: 4%
• Proliferation: 4%
• FTT holders: 0.35%

PENGU Price Forecast: Strong bullish momentum, target soon reaches $0.05

The latest penguin price rose slightly, closing at $0.03778 on July 22, 2025, up 3%. The chubby penguins continue to trade in the rising parallel channel, indicating a continued bullish momentum in the short term.

Since the end of June, PENGU has been showing an upward trend, continuing to recover its momentum, and once broke through the support level of US$0.03. Prices continue to fluctuate near the channel boundary, setting records of rising and falling on the daily chart. PENG prices have risen strongly with the bull market trend over 10%.

Will PENGU prices soar further?

Cryptocurrency analyst Alibaba has predicted a breakthrough in prices, heralding a strong upward momentum. According to the latest analysis he shared through X, the token appears to be leaving the consolidation pattern.

https://x.com/ali_charts/status/1947596984489259129

He shared a chart in an article published on July 22, showing that Bitcoin price has clearly broken through the resistance level and is expected to continue to rise sharply. The breakthrough was related to his July 20 forecast, when he predicted that the price of Bitcoin would rise to $0.075.

The chart reflects the continued rise of the Penguin Index over the narrowing range. This is a classic trend that often leads to large price fluctuations. The recent surge could mean investors are regaining confidence and could lead to a trend shift.

PENGU shows bullish cup handle pattern breakthrough potential

The cryptocurrency PENGU is attracting much attention as it is about to break through the bullish "cup handle" pattern. Technical analysts view resistance from $0.037 to $0.040 as a key area.

Therefore, breaking through this level could lead to strong buying momentum and could drive prices up. This pattern usually indicates bullish signals of upward momentum, but is now approaching its end, boosting investors' hopes.

If momentum remains and breaks through resistance, PENGU will likely surpass those higher price levels.

Technical indicators confirm bullish sentiment. The Relative Strength Index (RSI) closed at 82.35, which was overbought, indicating strong upward pressure. Despite this, RSI continues to hover above 70 points, indicating that the buyer still dominates.

Source: TradingView

Moving Average Convergence Divergence (MACD) The bar chart shows an upward momentum. The MACD line had previously quickly broken through the signal line in July, and the current divergence phenomenon confirmed a further rebound in buyer trading volume.

Key levels that need attention?

The resistance at the $0.04 seems to be under pressure, with several attempts to break through recently. If the price successfully breaks through, the next target may be the psychological threshold of $0.05. This level could become the next major resistance level for the bulls.

Nevertheless, traders still need to pay close attention to the trend line at the channel and the 0.03 support level. A break below this support level will trigger a short-term pullback.

How about this article about Fat Penguin (PENGU coins)? PENGU coin price forecast: Can it reach USD 0.05 in the near future? That’s all for the article. For more relevant PENGU coin price analysis content, please search for previous articles on this site or continue browsing the related articles below. I hope everyone will support this site in the future!

The above is the detailed content of How about Fat Penguin (PENGU coins)? PENGU coin price forecast: Can it reach USD 0.05 in the near future?. For more information, please follow other related articles on the PHP Chinese website!