Pudgy Penguins (PENGU)
Meme/NFT brand token for Pudgy Penguins collection; high social proof and retail distribution via Walmart toys, but no protocol revenue and pure sentiment play
Ranked 118th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
PENGU scores 104 of 250 across the 25-variable framework, which places it 118th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
PENGU is a top-10 name in the set on 2 variables. The score rests on Social Mindshare 8/10, 5th of 251, Supply Inflation 8/10, 8th of 251, Vesting Schedule 8/10, 21st of 251 and Circulating / FDV Ratio 8/10, 27th of 251.
Against the same universe, PENGU sits in the bottom third on P/S Multiple 1/10, 234th of 251, TVL Trend 1/10, 229th of 251, Real Staking Yield 1/10, 226th of 251 and Treasury Runway 3/10, 226th of 251. These are the variables that would have to move for the verdict to change.
Only 70.7% of PENGU's maximum supply is in circulation, so 1.41x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 29.3% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
PENGU trades 91% below its all-time high of $0.0684. Recovering that level is a 11.1x move, not a 91% one, which is the arithmetic most drawdown charts hide.
The framework score gained 16 points against the previous pass (88 to 104). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 1 | 221st of 251 | |
| Revenue Trend | 2 | 191st of 251 | |
| P/S Multiple | 1 | 234th of 251 | |
| Real Staking Yield | 1 | 226th of 251 |
Supply
| Supply Inflation | 8 | 8th of 251 | |
| Vesting Schedule | 8 | 21st of 251 | |
| Circulating / FDV Ratio | 8 | 27th of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 3 | 201st of 251 | |
| Holder Concentration | 3 | 197th of 251 |
Traction
| TVL Trend | 1 | 229th of 251 | |
| Active Users | 5 | 38th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 8 | 5th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 5 | 50th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 3 | 226th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Abstract chain launch and Pudgy Penguins network expansion on Ethereum L2
Principal risk
Pure memecoin with zero revenue; fully diluted at launch means only speculative demand drives price
Market and supply
| Price | $0.006174 |
| Market cap | $388.1Mrank 110 |
| All-time high | $0.068417 Dec 2024 |
| Circulating supply | 62,860,396,090 |
| Eventual supply (max supply) | 88,888,888,888 |
| Dilution to full supply | 1.41x |
| Listed on | Bybit, OKX, Binance |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to PENGU measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [The Verge] Pudgy Penguins sold physical toys at Walmart stores in 2023, unusual Web3-to-retail pipelinelink dead, claim unverified
- [CoinGecko] PENGU launched on Solana in December 2024 with 100% of supply at genesis; no vesting cliff
- [Abstract] Abstract chain (EVM L2 for consumer crypto) is backed by Pudgy Penguins team as network hub
One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.
Common questions
- What is the Early Thunder score for Pudgy Penguins (PENGU)?
- PENGU scores 104 out of 250 on the 25-variable framework, ranking 118th of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are PENGU's strongest fundamentals?
- PENGU ranks highest on Social Mindshare 8/10, 5th of 251, Supply Inflation 8/10, 8th of 251, Vesting Schedule 8/10, 21st of 251 and Circulating / FDV Ratio 8/10, 27th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the PENGU thesis?
- PENGU scores in the bottom third of the universe on P/S Multiple 1/10, 234th of 251, TVL Trend 1/10, 229th of 251, Real Staking Yield 1/10, 226th of 251 and Treasury Runway 3/10, 226th of 251. The single risk carried on the scorecard is: Pure memecoin with zero revenue; fully diluted at launch means only speculative demand drives price
- How much PENGU supply is still to enter circulation?
- 70.7% of eventual PENGU supply is circulating today, leaving 1.41x the current float still to arrive. At a flat price per token that is 29.3% of fully diluted value ahead of current holders.
- How far is PENGU from its all-time high?
- PENGU trades 91% below its all-time high of $0.0684. Returning to that high requires a 11.1x move from the level used in this scoring pass.
- Which tokens have a similar profile to PENGU?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to PENGU are FLOKI (88), POPCAT (73), WIF (88) and ORDI (96). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for PENGU?
- Abstract chain launch and Pudgy Penguins network expansion on Ethereum L2
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.