Pudgy Penguins (PENGU) Project Analysis Report
1. Research Institute Review
（1）Pudgy Penguins has 538,000 followers on Instagram, with daily likes and interactions exceeding 10,000. In comparison, Yuga Labs, a leader in the NFT industry, has only 403,000 followers on Twitter, with daily interactions ranging from a few hundred to a thousand. On GIPHY, Pudgy Penguins has 2.8K “GIF uploads” and 3.3 billion total views, while other blue-chip NFTs do not even have related data. Pudgy Penguins also has its own trading platform, ensuring users can buy and sell even if delisted from exchanges. It utilizes centralized storage, allowing for smooth handling of large updates without any hassle.
（2）Pudgy Penguins has its own trading site, so delisting from exchanges does not hinder trading. By adopting centralized storage, it can smoothly manage significant updates. Pudgy Toys, the Web2 physical product line, is available in 2,000 Walmart stores across the United States. Furthermore, Pudgy Toys outperformed global IP giants like Disney, LEGO, and Pokémon, ranking #1 on Amazon's New Product List.
（3）The marketing strategy behind Pudgy World introduces a new brand expansion path. Pudgy World offers an entirely fresh experience by providing first-time blockchain wallets, Soulbound NFTs, and Tradeable NFTs to non-NFT audiences, with a simple registration process requiring just an email address.
2. Recent Breakout Points
PENGU is the official token launched by Pudgy Penguins to expand community influence and strengthen ecosystem development.
Pudgy Penguins: A well-known NFT collection on the Ethereum blockchain featuring 8,888 unique and adorable penguin images, currently the second-largest NFT project by market cap, second only to CryptoPunks.
Multi-Chain Deployment: PENGU will initially launch on Solana, with plans to expand to Ethereum and other chains.
Market Response: The floor price for Pudgy Penguins NFTs rose from 16 ETH to 23 ETH, while Lil Pudgies increased from 1.7 ETH to 2.5 ETH.
3. Project Overview
Pudgy Penguins is an Ethereum-based NFT project created in 2021, with a total of 8,888 pieces and a current floor price of 18.68 ETH. The ecosystem includes Pudgy Toys, Pudgy World, and its own trading platform.
Pudgy Toys: Outperformed global IP giants like Disney, LEGO, and Pokémon to top Amazon’s New Product List. The toys are available in 2,000 Walmart stores across the U.S. Pudgy World: A new experience designed to attract non-NFT audiences by offering first blockchain wallets, Soulbound NFTs, and Tradeable NFTs.
4. Token Utility
PENGU combines meme, utility, and cultural tokens, serving as the backbone of the Pudgy Penguins ecosystem.
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Wide Reach: Pudgy Penguins enjoys global influence.
- 34 billion GIF views
- 1.6 million Instagram followers
- Over 1.5 million physical toys sold globally
- Fan Engagement: PENGU offers non-crypto users new ways to engage, allowing holders to connect more closely with the brand and IP. Like owning company stock, it holds both investment and fan identity value.
5. Tokenomics
The total supply is 888,888,888 tokens, launching on Solana.
- Team (1-year lock, 3-year vesting): 17.8%
- Expansion: 4%
- FTT Holders: 0.35%
- Liquidity: 12.35%
- Public Coordination: 4%
- Pudgy Community: 25.9%
- Company (1-year lock, 3-year vesting): 11.48%
- Other Communities: 24.12%
6. Project Highlights
PENGU’s unique tokenomics reflect the brand’s playful and community-driven style.
Total Supply: 8.89 billion, paying homage to the NFT series “8,888”
Claim Period: 88 days
Distribution Details:
Pudgy Community: 26% (covering ~15,000 wallets)
Other Communities: 24% (targeting ~5 million wallets)
This widespread distribution strategy aims to reach a broader audience and drive long-term growth for the PENGU ecosystem. PENGU’s launch not only expands Pudgy Penguins’ ecosystem but also injects fresh vitality into the NFT market. It blends cultural, practical, and investment value, attracting both fans and investors.
7. Investors
None
8. Community
Twitter: https://x.com/pudgypenguins
9. Special Tokenomics
None
10. Future Outlook
None
Basic Information
Project Introduction: Pudgy Penguins is an NFT project on the ETH chain, created in 2021, with a total of 8,888 items. The current floor price stands at 18.68 ETH. The Pudgy Penguins ecosystem includes Pudgy Toys, Pudgy World, and its own trading platform. Pudgy Toys outperformed world-class IPs such as Disney, LEGO, and Pokémon to secure the #1 spot on the "Amazon New Releases Chart" and is now available in 2,000 Walmart stores across the U.S. Pudgy World offers a groundbreaking experience for non-NFT audiences, introducing their first blockchain wallet, Soulbound NFTs, and Tradeable NFTs.
Official Website: https://www.pudgypenguins.com/
Blockchain Explorer: Not yet announced
Twitter: https://x.com/pudgypenguins
Followers: 174,000
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CoinW Institute
2024/12/17