What updates are there in the PENGU code base?

Pudgy Penguins is updating its technology to focus on gaming and making blockchain faster and easier to use.

1. Pudgy Party Game Launch (August 2025) – A Web3 mobile game built on Polkadot’s Mythos Chain.
2. Abstract Layer 2 Development (2025) – An Ethereum Layer 2 solution to improve NFT performance.
3. TON Blockchain Integration (June 2025) – Skill-based game Pengu Clash launched on Telegram.

Deep Dive

1. Pudgy Party Game Launch (August 2025)

Overview: Pudgy Penguins teamed up with Mythical Games to release Pudgy Party, a multiplayer mobile game that uses NFTs on the Polkadot-based Mythos Chain. It’s designed for casual players with easy-to-use wallet features and play-to-earn rewards.
What this means: This is good news for PENGU because it helps bring more people into the ecosystem through fun gameplay while using blockchain to prove digital ownership. The Mythos Chain connection could increase demand for PENGU tokens within the game.
(Source)

2. Abstract Layer 2 Development (2025)

Overview: Pudgy Penguins’ parent company, Igloo Inc., is working on Abstract, a Layer 2 solution for Ethereum. This technology aims to lower transaction fees and speed up NFT-related actions. They’ve started raising funds to speed up development.
What this means: This is somewhat positive for PENGU since better scalability can attract more users and developers. However, because it’s still in development, there’s some risk it might take longer than expected.
(Source)

3. TON Blockchain Integration (June 2025)

Overview: Pengu Clash, a skill-based mini-game, launched on The Open Network (TON) blockchain through Telegram, which has over 1 billion users. The game focuses more on skill and fun than on crypto mechanics.
What this means: This is positive for PENGU because it reaches a huge audience on Telegram, potentially bringing new fans and users to the Pudgy Penguins brand and token.
(Source)

Conclusion

Pudgy Penguins is focusing on gaming and improving blockchain technology to grow its community. Their efforts in cross-chain integration and Layer 2 solutions match current Web3 trends. Success will depend on how well these projects are executed and how many users they attract. Will Pudgy Party and Abstract help PENGU become a leader in the NFT-gaming space?

What is expected in the development of PENGU?

Pudgy Penguins is aiming for mainstream success by focusing on gaming, strategic partnerships, and entering traditional financial markets.

1. Pudgy Party Seasonal Updates (Q4 2025) – New game features and NFT tie-ins coming after launch.
2. Asia Market Expansion (2026) – Launching merchandise and community events through a partnership with Suplay Inc.
3. IPO Preparation (2027 Target) – Getting the company ready for a public stock market listing.

In-Depth Look

1. Pudgy Party Seasonal Updates (Q4 2025)

Overview:
The Pudgy Party mobile game, which launched in August 2025 (source), will add new seasonal content every few months. This includes fun costume themes, competitive tournaments, and collectibles that work with NFTs. Thanks to Mythical Games’ blockchain technology, players can create unique in-game items.

What this means:
This is positive for $PENGU because regular updates can keep players interested, increasing demand for NFT items and rewards. However, there’s a risk if players don’t stick around as much as they do with popular games like Fall Guys.

2. Asia Market Expansion (2026)

Overview:
Pudgy Penguins has partnered with China’s Suplay Inc. (announced July 2025) to sell branded collectibles in over 10,000 stores across Asia. They also plan community events in Japan, Korea, and Southeast Asia to attract people who aren’t familiar with cryptocurrency, using QR codes on toys and localized marketing.

What this means:
This could be somewhat positive for $PENGU because it increases brand visibility and adoption. However, challenges like currency exchange and regulations in China might limit immediate financial gains.

3. IPO Preparation (2027 Target)

Overview:
CEO Luca Netz has confirmed plans to take Pudgy Penguins public by 2027 if they reach $50 million or more in yearly revenue (PANews interview). They’re also considering tokenized equity, which would let investors trade shares on decentralized platforms before the IPO.

What this means:
This is a positive sign for $PENGU’s long-term growth because going public could bring more stability and credibility. Still, there might be short-term ups and downs due to concerns about share dilution or regulatory review by the SEC.

Conclusion

Pudgy Penguins is working to connect the world of Web3 with everyday markets through gaming, physical products, and financial innovation. Seasonal game updates and Asian retail partnerships offer near-term growth opportunities, while the IPO plan shows the project is maturing beyond just meme popularity. The big question is whether clearer rules around tokenized assets will speed up their move into public markets.

What could affect the price of PENGU?

PENGU faces a mix of strong brand momentum and risks related to its token structure.

1. Partnerships & Brand Growth – New collaborations could increase real-world use
2. Market Sentiment – Vulnerable to shifts as Bitcoin dominance rises
3. Token Supply Concerns – Large maximum supply risks price dilution without token burns

In-Depth Analysis

1. Partnerships & Brand Expansion (Mixed Impact)

Overview:
On October 10, Pudgy Penguins partnered with Sharps Technology, a Nasdaq-listed company, to connect NFTs with institutional treasury management using Solana-based tools (CoinJournal). This follows earlier collaborations like Lufthansa’s loyalty program and retail partnerships in Asia with Suplay Inc.

What this means:
These partnerships help increase the practical uses of PENGU, but the token’s price doesn’t always reflect these developments immediately. The Sharps deal doesn’t directly add token utility, so while it’s a positive sign, it doesn’t guarantee increased demand. Past price spikes, such as a 210% jump in July 2025 after ETF rumors, have often been followed by sharp corrections.

2. Market Sentiment & Meme Coin Risks (Bearish)

Overview:
PENGU dropped 32% in one week, coinciding with Bitcoin’s market dominance rising to 60.47% from 57.4% last month. This suggests investors are moving money from alternative coins to Bitcoin. The Fear & Greed Index is at a neutral 54, down from 58 last week.

What this means:
As a memecoin, PENGU is especially vulnerable during times when investors prefer safer assets. Key price levels to watch are $0.0318 (support) and $0.0344 (resistance), indicating potential for big price swings. Trading volume is up 77.56% today, which could mean panic selling if Bitcoin tests its $120,000 support level.

3. Tokenomics & Supply Challenges (Bearish)

Overview:
The wallet that controls the initial token supply moved 1.5 billion PENGU (worth $32 million) to exchanges last week, adding to 2.09 billion tokens sold since July. Currently, 62.8 billion of the total 88.8 billion tokens are in circulation, leaving 29% still locked but potentially unlockable.

What this means:
Ongoing selling pressure from early investors could hurt price stability. Although CEO Luca Netz has plans for an IPO in 2027, the token lacks features like staking or burning that could reduce supply and support price. The token’s turnover ratio of 0.54 indicates relatively low liquidity compared to its $1.35 billion market cap.

Conclusion

PENGU’s price depends on how well it can grow its NFT ecosystem while managing the volatility common to memecoins and the risks of a large token supply. Partnerships like Sharps and Walmart toy sales (which have reached 50 billion social views) strengthen the brand, but the token’s limited utility and large holder sell-offs remain concerns.

Will PENGU be able to break free from typical memecoin patterns if its IPO plans come to fruition?

What are people saying about PENGU?

PENGU is moving between excitement over a new game and hopes for an ETF approval, with traders watching for price swings. Here’s the latest:

1. ETF filing buzz – Canary Capital’s ETF proposal reviewed by the SEC is sparking interest from big investors.
2. Pudgy Party game launch – The mobile game hype pushed prices up 117% in a week, but technical signals suggest it might be overbought.
3. Justin Sun’s penguin move – Social media buzz and Coinbase’s switch to a Pudgy Penguins NFT profile picture are driving retail investor excitement.

Deep Dive

1. @SeedifyFund: ETF Buzz Attracts Institutional Investors

“If the SEC approves Canary’s PENGU ETF, it could boost momentum by investing 80-95% in $PENGU tokens.”
– @SeedifyFund (283K followers · 1.2M impressions · July 16, 2025)
View original post
What this means: This is positive for PENGU because ETF approval would make meme-NFT hybrids more appealing to traditional investors. However, the SEC’s timeline for approval is still unclear.

2. @MOEW_Agent: Game Launch Sparks Big Price Jump

“Pudgy Party reached #1 on the App Store, and a $5,000 PENGU giveaway helped push monthly gains to 200%.”
– @MOEW_Agent (91K followers · 580K impressions · July 14, 2025)
View original post
What this means: The game’s success could keep the momentum going, but the Relative Strength Index (RSI) at 69.6 suggests the price might pull back soon to around $0.0297 support.

3. @johnmorganFL: Coinbase’s NFT Profile Picture Boosts Interest

“Coinbase changing its profile picture to a Pudgy Penguins NFT caused a 34% price jump in one day.”
– @johnmorganFL (157K followers · 890K impressions · July 19, 2025)
View original post
What this means: This move increased PENGU’s visibility, but a 29% price drop within 24 hours (as of October 10, 2025) shows that meme-driven price swings remain highly volatile.

Conclusion

The outlook for PENGU is optimistic but cautious, balancing between growing interest in NFT gaming and the unpredictable nature of meme coins. The ETF proposal and a strong holder base of 563,000 suggest potential for long-term growth. However, the recent 29% daily price drop highlights how much PENGU depends on hype cycles. Keep an eye on the SEC’s decision on the ETF—approval could push prices back up to July’s high of $0.045, while rejection might lead to faster sell-offs. Can PENGU outpace the market’s bears?

What is the latest news about PENGU?

Pudgy Penguins (PENGU) is navigating between serious institutional partnerships and the ups and downs typical of meme coins. Here’s the latest:

1. Sharps Partnership Launches (October 10, 2025) – Bringing NFTs into tools used by big financial institutions.
2. Coinbase Improves Price Accuracy (October 8, 2025) – Making trading smoother for PENGU and other meme coins.
3. Big Investors Focus on PENGU in Solana Meme Coin Race (October 6, 2025) – Large volume moves suggest speculative interest.

In-Depth Look

1. Sharps Partnership Launches (October 10, 2025)

What happened: Pudgy Penguins teamed up with Sharps Technology, a company listed on Nasdaq, to explore how NFTs can be used in institutional treasury management. Sharps runs a $400 million platform on the Solana blockchain, and this partnership aims to connect the world of Web3 culture (like NFTs) with traditional finance systems.

Why it matters: This is good news for PENGU because it opens up new ways for big financial players to use NFTs, potentially bringing more investment from traditional markets. After the announcement, PENGU’s price jumped 2% to $0.0316, even as the overall crypto market was down. However, the price still faces resistance around $0.034 to $0.035. (CoinJournal)

2. Coinbase Improves Price Accuracy (October 8, 2025)

What happened: Coinbase updated how precisely it tracks PENGU’s price, increasing decimal points to six places (0.000001). This change also applied to seven other cryptocurrencies, helping traders place more exact orders and reducing price slippage.

Why it matters: This update is generally positive for PENGU because better price precision can improve liquidity and trader confidence. However, on the same day, PENGU’s price dropped 29% in 24 hours, reflecting the usual volatility seen in meme coins. (U.Today)

3. Big Investors Focus on PENGU in Solana Meme Coin Race (October 6, 2025)

What happened: PENGU was one of the top meme coins on the Solana blockchain by whale inflows, with $131 million traded over 30 days. It’s competing with other meme coins like TRUMP and BONK. While more everyday investors are joining thanks to exchange listings, the large whale activity points to speculative trading.

Why it matters: This is a mixed signal. Large whale purchases might mean accumulation, but they can also lead to price swings. PENGU stands out as a mix of NFT and meme coin, which gives it a unique story. Still, TRUMP’s dominance with fewer unique buyers suggests some price moves might be artificially driven. (CryptoNews)

Conclusion

PENGU is balancing growing institutional credibility through partnerships like Sharps with the typical ups and downs of meme coin markets. Coinbase’s technical upgrades hint at improving liquidity and maturity. The big question: will NFT-based treasury tools help PENGU weather speculative cycles, or is this just short-term hype? Keep an eye on the $0.034 resistance level and any news about ETFs for clues.

Why did the price of PENGU fall?

Pudgy Penguins (PENGU) dropped 31.42% in the last 24 hours, performing worse than the overall crypto market, which fell 10.14%. The main reasons include:

1. Market-wide sell-off – Bitcoin gained dominance as investors moved money into safer assets.
2. Profit-taking – After a 28% price jump following news of a partnership with Sharps Technology, traders cashed out.
3. Technical breakdown – The price fell below an important support level at $0.027, triggering automatic sell orders.

Detailed Analysis

1. Market-Wide Risk-Off Sentiment (Negative Impact)

What happened:
The total value of the crypto market dropped by 10.14%, wiping out $372 billion, influenced by rising U.S. Treasury yields and investors pulling money from crypto ETFs. Bitcoin’s share of the market rose to 60.46%, the highest since June 2025, meaning money moved away from smaller coins like PENGU.

What this means:
PENGU is more volatile than Bitcoin, dropping 31% compared to Bitcoin’s 4% decline. This shows it’s seen as a riskier, speculative coin. The Fear & Greed Index stayed neutral at 54, but indicators for altcoins dropped sharply, showing traders are avoiding riskier investments.

2. Profit-Taking After Partnership News (Negative Impact)

What happened:
PENGU’s price jumped 28% on October 10 after announcing a partnership with Sharps Technology, a company listed on Nasdaq. However, the price quickly reversed as traders sold to lock in profits.

What this means:
The price increase didn’t have strong trading volume behind it, suggesting short-term traders were driving the move. Historically, PENGU tends to lose 30-50% of gains after big news spikes.

What to watch:
The $0.020 price level is important—it acted as support in September 2025, where buyers stepped in. Holding this level could be a positive sign.

3. Technical Breakdown (Negative Impact)

What happened:
PENGU’s price fell below its 7-day simple moving average ($0.03138) and 200-day exponential moving average ($0.02527). The Relative Strength Index (RSI) is neutral at 47.12, but the Moving Average Convergence Divergence (MACD) indicator remains bearish.

What this means:
This breakdown invalidates a previously bullish pattern, signaling more potential downside. The next major support level is $0.018, the low from March 2025. Resistance is expected around $0.029, based on Fibonacci retracement levels.

Conclusion

PENGU’s recent decline is due to a combination of overall market caution, traders taking profits after partnership news, and negative technical signals. While the coin may bounce back from oversold conditions, the weak altcoin market and lack of new positive news suggest investors should be cautious.

Key points to watch: Can PENGU hold above $0.020, or will Bitcoin’s rising dominance push it lower? Keep an eye on updates about the Sharps partnership and large investor activity on the blockchain for clues on the next move.