Pudgy Penguins (PENGU) Meme Coin Surges on Exchange Listings, Whale Accumulation and Movie Plans

The Pudgy Penguins PENGU/USD meme coin is seeing a surge in interest, fueled by new exchange listings, bullish sentiment and whale accumulation.

The Pudgy Penguins (PENGU) meme coin, launched in May 2022, has seen a recent surge in interest following new exchange listings, bullish sentiment and whale accumulation.

Onchain Lens data shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.

This bulk purchase, spotted on Dec. 23, comes amid a broader uptick in PENGU demand.

According to Mario Nawfal's latest Crypto Daily episode posted on X on Dec 23, Luca Netz, the creator of Pudgy Penguins, shared some interesting insights during the conversation.

When asked about Dogecoin's (DOGE) enduring presence in the market, Netz dismissed the notion that it will maintain dominance forever, labeling it as a "bad assumption."

He went on to say that memetic characters like Pudgy Penguins are still underdeveloped and have untapped cultural potential.

"If you look at it from a memetic perspective, memetic characters that have made it into the mainstream consciousness, like Pepe the Frog and Dogecoin, there's only two of them. And they're both in crypto," Netz said.

He added that in terms of social viewership and other factors, Dogecoin and Pepe are the only two closest competitors.

"If you look at it from a memetic perspective, memetic characters that have made it into the mainstream consciousness, like Pepe the Frog and Dogecoin, there's only two of them. And they're both in crypto," Netz said.

"So you would think that like, meme coins will continue to be a thing and it's a bad assumption to say that DOGE will just stay at the top forever. Especially when you have characters like Pudgy that are so beloved by their communities."

While acknowledging Dogecoin's early success, Netz expressed optimism for the future of Pudgy Penguins, highlighting its potential to become a broader cultural phenomenon.

"We're talking about TV shows, movies, triple-A games, all powered by these memetic characters," he said.

"It's happened only twice in crypto, with Ape and Doge. And I think that Pudgy has the potential to be the third one."

Trader Notes: Prominent crypto trader Wizard of SoHo revealed that PENGU is among his three biggest retail bets for 2025, alongside Dogecoin and Chillguy.

He also holds smaller positions in Pepe, Mog (MOG) and Rekt.

Another investor, Lord Durden, shared the "PENGU prophecy roadmap," highlighting its future potential.

Kamino Finance, a Solana DeFi protocol, announced a "PENGU incentives boost" in collaboration with Pudgy Penguins and JitoSol. Depositors will receive 2,500 JITO and 375,000 PENGU incentives over the next month.

Bithumb, South Korea's largest digital asset platform, listed PENGU effective Dec. 24.

Pudgy Penguins' official account celebrated reaching 500,000 holders.