How to Buy Pudgy Penguins ($PENGU)

Pudgy Penguins is one of the most popular NFT collections on Ethereum, and the project is making waves with a newly released $PENGU token that just dropped on the Solana blockchain. The new $PENGU token is closely tied to the Pudgy Penguins brand and is being used to reward existing community members and build a bigger audience.

In this guide, I’ll explain how to buy Pudgy Penguins tokens and help investors decide whether $PENGU is the best new token to invest in today.

Key Takeaways on Pudgy Penguins

Here are the most important takeaways investors need to know about how to buy Pudgy Penguins tokens:

What Is Pudgy Penguins?

Pudgy Penguins is an NFT collection that launched on Ethereum in 2021, at the height of the last crypto bull market. The collection includes 8,888 unique penguin characters with 150 hand-drawn attributes.

After coming under new management in 2022, the Pudgy Penguins project expanded its brand. It launched Lil Pudgys, a secondary NFT collection with 22,222 penguin characters, as well as a line of toys and stuffed dolls that can be found at major retailers like Walmart. This has helped turn Pudgy Penguins into a prime example of valuable intellectual property that NFT holders actually own.

The $PENGU token is the latest development from Pudgy Penguins. It is a Solana-based token that launched on December 17 with an airdrop. The majority of tokens in the Pudgy Penguins airdrop went to NFT owners, while the project also reserved tokens for itself and for other Web3 communities. The goal of spreading the airdrop—and launching on Solana rather than Ethereum—is to grow the Pudgy Penguins community through $PENGU.

$PENGU launched with a price around $0.068, but fell rapidly to $0.023 as more than 74% of airdrop recipients sold their tokens immediately. The token’s price has since recovered to around $0.037, giving $PENGU a $2.3 billion market cap. $PENGU has a total supply of 88,888,888,888 tokens.

How to Buy Pudgy Penguins

Now that the $PENGU airdrop is complete and the token has begun trading, investors have several options for where to buy Pudgy Penguins coins.

One option is to invest in $PENGU through a centralized crypto exchange, such as Binance or KuCoin. However, note that $PENGU is not currently available to trade on several major US exchanges including Coinbase and Kraken.

Buying through a centralized exchange is relatively easy, but exchanges can have high transaction fees. In addition, if you hold your $PENGU tokens in your exchange account, you won’t have full ownership over the coins. If the exchange were to go bankrupt, your tokens are at risk.

A better option for buying $PENGU is to use Best Wallet. Best Wallet makes it easy to purchase thousands of crypto tokens thanks to its fiat-to-crypto onramp, and you’re in full control of the tokens in your wallet. Plus, Best Wallet offers lower fees for buying Pudgy Penguins tokens than many exchanges.

Here’s how to invest in Pudgy Penguins tokens using Best Wallet.

1. Create a Best Wallet Account

Download Best Wallet from the Apple App Store or Google Play, then tap ‘Get Started.’ Enter your email and phone number and verify them. Then, create a passcode to access your account. I recommend also activating biometric authentication to further secure your wallet.

2. Choose a Payment Method

Head to the Best Walet homepage and tap ‘Buy.’ This will open a new crypto order form. Tap ‘You Spend’ and select the amount (in US Dollars) of $PENGU you wish to buy.

Next, tap ‘Pay Using’ and select how you want to pay for your $PENGU tokens. Best Wallet supports credit and debit cards, Apple Pay, Google Pay, Skrill, and Neteller.

3. Buy Pudgy Penguins

Now tap ‘You Get’ and search for Pudgy Penguins ($PENGU). Review your order to make sure everything is correct, then tap ‘Buy Pudgy Penguins’ to complete your purchase. Your $PENGU tokens will be available in your wallet immediately.

Is Pudgy Penguins a Good Investment?

Now that you know how to invest in Pudgy Penguins, I’d like to examine whether this is really the best crypto to buy now. This is especially important as we head into the crypto bull market, since investors need to build their portfolio wisely to beat the market.

So, let’s dive into $PENGU and examine some of the factors that could influence the Pudgy Penguins token price in 2025 and beyond.

Early Token Dump Followed by Price Stabilization

One of the most noteworthy aspects of the $PENGU token air