What is PENGU, the Coin Launched by Pudgy Penguins

Binance listed the PENGU coin on December 17, after adding it to its HODLer Airdrops Portal. Following its launch, PENGU’s market cap surpassed $3 billion on the same day and managed to maintain a market cap of around $2 billion since.

But what exactly is PENGU and why did Binance consider the coin’s addition to the platform and its airdrops portal? Find out more about PENGU and the project’s potential below.

What is PENGU?

PENGU is the official coin of Pudgy Penguins, a Web3-born brand fostering creativity, freedom, and community.

PENGU Tokenomics

• As of December 16th, the total and maximum PENGU supply is around 88,8 billion coins.
• The circulating supply following the Binance listing was over 62,4 billion coins (representing a little over 70% of the maximum token supply), including HODLer airdrop token rewards.
• Binance HODLer Airdrop allocation for PENGU was over 2,6 billion tokens, representing 3% of the maximum token supply.

Token Distribution

• Almost 48% of the total PENGU tokens were reserved for the community airdrop.
• Almost 30% of the total tokens are reserved for the team, investors, and advisors.
• 12.3% of the tokens are set for liquidity.
• 4% of the total token amount goes to the public good.
• 3% of the tokens were reserved for the Binance HODLer Airdrop.
• Another 3% of the tokens are reserved for proliferation and marketing.

PENGU token distribution

Token Release Schedule

The token release began this month and by November 2025, 70% of the tokens should be released. The team, investors, and advisors will only start getting tokens in December 2025 when they will get 0.83% of the total token amount.

The token release will continue until November 2028 when the team, investors, and advisors will have received their complete token allocation of almost 30%.

The pace of this segment’s allocation will grow starting this month, until the end of the token release in November 28.

PENGU token release schedule

What is Pudgy Penguins and Its Mission?

Pudgy Penguins is a brand that was created in Web3 to promote creativity, freedom, and the importance of community.

Project Mission

The team behind the project notes on X that their mission is “to spread good vibes across the meta.”

The team plans to grow the community of people who:

• Resonate with the character and brand
• Are a beacon of memetic culture
• Spread good vibes
• Want to signify their role in the story of Pudgy Penguins

Pudgy Penguins – “The Face of Crypto”

In a thread on X dated December 6, the team at Pudgy Penguins said that over the last three years, the project has become the face of crypto.

The project managed to sit in millions of households worldwide, gathering millions of followers and over 50 billion views.

Pudgy Penguins via X

Pudgy Penguins was one of the early pioneers of crypto culture and it continues to be a driving force behind mass adoption of crypto assets, the team noted.

They also said that PENGU’s launch marks the beginning of a prophecy that has been years in the making.

Pudgy Penguins via X

The high potential of Pudgy Penguins and their projects was recently recognized by Animoca Brands – an important company that drives digital property rights.

They announced a strategic investment in Igloo, the parent company of Pudgy Penguins, to boost consumer crypto power and support the growth of this Web3 project.

Binance also recognized Pudgy Penguin’s growth potential, supporting its newly launched coin, PENGU.

Binance Added PENGU to its HODLer Airdrops

PENGU was included in Binance’s airdrops portal on December 16, when the exchange revealed that users who subscribed their BNB to Simple Earn products from December 9 until December 12 would get the airdrop distribution.

In the same announcement , Binance also revealed the addition of Simon’s Cat (CAT) to its airdrops portal, and the listing of both coins on the following day, December 17 with Seed Tag applied, meaning that both these coins could be subject to higher volatility and users should DYOR before deciding to invest.

The team behind Pudgy Penguins announced via X the listing of their coin, PENGU, on Binance.

Pudgy Penguins – Binance PENGU listing announcement

On December 6, the team officially announced the upcoming launch of their coin, highlighting the importance of unity, strength, and will in a video on X – PENGU, “one coin to rule them all,” as the team said in the clip.

What is Binance HODLer Airdrops?

Binance HODLer Airdrops is a program that was launched by the crypto exchange, rewarding BNB holders with token airdrops based on historical snapshots of their BNB balances.

How Can Users Participate in HODLer Airdrops?

All users who subscribe BNB to Simple Earn are automatically eligible for the airdrops program. It’s also worth noting that the program can reward users retroactively, providing a simple way to earn more tokens.

Here are the necessary steps to benefit from Binance’s HODLer Airdrops:

• Sign in to your Binance account, or if you don’t have one, create it here .
• Head to Earn and search for BNB.
• Subscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.

Periodically, Binance will take snapshots of user balances and then use these at random periods to calculate user rewards.

Binance continues to support innovative Web3 projects that have great potential and Pudgy Penguin’s PENGU token is one of them.

Binance Boosts Support for New Promising Projects

Binance recently launched its new platform, Binance Alpha , a supporting initiative for early-stage crypto projects that have the potential to grow in the Web3 ecosystem.

This new platform spotlights promising new projects that can draw attention to investors, without directly endorsing them, but offering them a chance to get noticed by potential investors.

In its recent global survey, Binance highlighted the increasing user interest in AI tokens and memecoins and crypto investors’ expectations that these tokens will dominate the market in 2025.