#pengu is the official meme coin of Pudgy Penguins NFT collection launched in December 2024 on Solana. Total supply is 88.88 billion tokens with 25.9% airdropped to Pudgy NFT holders, 24% to other communities, and rest to team, liquidity and ecosystem. The coin went live on major exchanges like Binance and Bybit on day one which drove massive volume. After hitting an all-time high of $0.057 in December 2024, it dropped over 90% to $0.0037 in January 2025 due to airdrop selling pressure. As of April 27, 2026 morning, PENGU trades around $0.0124 with a $780M market cap and is up 8.2% in 24 hours. The token has no core utility yet and moves mainly on brand strength, community hype, and meme momentum from Pudgy Penguins 1M+ social following and Walmart toy deals. Meme coins are extremely volatile and this is not financial advice.