PENGU — Pudgy Penguins on Solana
PENGU is the official Solana token of Pudgy Penguins, an NFT brand that expanded from digital collectibles into physical retail sold at Walmart and Target.
About Pudgy Penguins
PENGU is the official Solana SPL token of Pudgy Penguins, one of the most recognizable NFT brands in crypto. Pudgy Penguins launched as an NFT collection in 2021 and became one of the blue-chip collections on Ethereum before expanding into physical retail: Pudgy Toys are sold in Walmart and Target locations across the United States, and the brand has licensed its characters for plush toys, figurines, and consumer products. This made Pudgy Penguins one of the few NFT projects to successfully bridge crypto-native culture and mainstream retail. PENGU launched on Solana in December 2024 with a large airdrop to the Pudgy Penguins NFT community and a set of broader ecosystem distributions. The choice of Solana for PENGU's primary chain was notable: the brand deliberately launched its token on Solana for speed and low transaction costs rather than on Ethereum, where the original NFT collection lives.
Supply, distribution, and tokenomics
PENGU has a fixed maximum supply of approximately 88.8 billion tokens. The distribution was structured around four broad buckets: roughly 25% to the Pudgy Penguins NFT community via airdrop, roughly 25% to the broader crypto community, roughly 25% to the team and brand treasury, and roughly 25% to a Pudgy Penguins ecosystem fund. Team allocations are subject to multi-year vesting schedules with cliff periods. The airdrop to Pudgy Penguins NFT holders was one of the largest single airdrops in Solana history by recipient count, and it distributed PENGU broadly enough that the token's holder base is wider than most comparable NFT-brand tokens. As of 2026, PENGU's vesting schedule continues to release tokens into circulation, which affects its supply dynamics relative to fixed-supply memecoins.
Use cases and ecosystem
PENGU serves three roles. First, it is the official token of a mainstream NFT brand: holding PENGU is a way to express exposure to Pudgy Penguins' commercial success in physical retail, licensing, and media. Second, it is a community and culture token: PENGU is used for tipping, for rewards within the Pudgy Penguins ecosystem, and as a way for NFT holders to participate in the brand's economic activity beyond the original collection. Third, it is a liquid Solana memecoin: PENGU/SOL and PENGU/USDC are among the highest-volume memecoin pairs on Solana, and PENGU's daily trading volume often exceeds $100 million during active periods. For most users, PENGU is a way to hold exposure to a specific consumer brand's trajectory within the broader Solana memecoin market.
How to buy PENGU on Solana
To buy PENGU on Solana, connect a Solana wallet to SwapKing, select SOL or USDC as the input token, select PENGU as the output, enter the amount, and click Swap. PENGU/SOL and PENGU/USDC are deep pairs, so slippage for retail-sized swaps is typically under 1%. PENGU is also available on major centralized exchanges including Binance, Coinbase, Kraken, and OKX. The Solana mint address for PENGU is 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv — always verify this before swapping, because fake PENGU tokens with similar names exist on Solana.
Risks and considerations
PENGU is a memecoin tied to an NFT brand's commercial success. Its price depends on two things that are themselves volatile: the memecoin market's appetite for brand-adjacent tokens, and Pudgy Penguins' ability to continue expanding into retail and media. PENGU's vesting schedule releases team and treasury tokens into circulation over multiple years, which creates persistent sell pressure that fixed-supply memecoins do not have. PENGU's price also correlates with the broader Solana memecoin market, so a downturn in sector sentiment can produce outsized drawdowns. SwapKing is non-custodial and does not manage any of these risks.
Where to go next
Swap PENGU on Solana directly on this page. For a deeper look at the PENGU market, review the SOL to PENGU and PENGU to SOL pair pages. For context on how Solana prices and routing are measured, see Methodology. If you are new to Solana, start with How to Swap Tokens on Solana.
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Frequently Asked Questions
What is PENGU?
PENGU is the official Solana SPL token of Pudgy Penguins, one of the most recognizable NFT brands in crypto. It launched in December 2024 with a large airdrop to the Pudgy Penguins community.
Why is PENGU on Solana and not Ethereum?
Pudgy Penguins chose Solana for PENGU's primary chain because of Solana's fast block times and low transaction costs, which are better suited to a widely distributed consumer token.
What is the PENGU mint address on Solana?
The Solana SPL mint address for PENGU is 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv. Verify before swapping.
Does PENGU have utility?
PENGU is primarily a memecoin and brand token. It does not have enforceable governance rights or cash flow, but it functions as exposure to Pudgy Penguins' commercial trajectory.
What is the PENGU supply?
PENGU has a fixed maximum supply of approximately 88.8 billion tokens. Team and treasury allocations vest over multiple years.
Is PENGU safe?
PENGU is a memecoin with no guaranteed value. Its price depends on both memecoin market sentiment and Pudgy Penguins' commercial success. SwapKing does not guarantee the safety of any SPL token.