Pengu Coin (PENGU) Price Prediction: Can the Pudgy Penguins Token Reach $1 in 2025?

The Pudgy Penguin PENGU coin airdrop was a massive success. The Solana-based tokens were airdropped to holders of the Pudgy Penguin NFTs, with some of the biggest holders earning tokens worth tens of thousands of dollars.

Around 25% of the entire PENGU coin supply was airdropped to NFT holders. The build-up to the airdrop saw the floor price of the Pudgy Penguins NFTs surge to eye-watering levels. The success of the airdrop has created a general buzz in the NFT and crypto community about airdrops, and the PENGU token itself has enjoyed plenty of success.

Following the airdrop, the PENGU coin surged in value, and its market capitalization reached just under $3 billion, making it one of the most valuable tokens on the market. However, the price action has since taken a downturn, and now the market cap has dropped to below $450 million.

As the PENGU coin price action takes a turn, it's a good time to analyze this token and examine the leading PENGU coin price predictions for 2025 and 2030.

The 2022 bear market was truly destructive for the NFT industry. Following a blistering rise to fame, which saw some PFPs and digital art pieces sold for millions of dollars, the market imploded. As Bitcoin and ETH crashed by over 60% from their highs, most NFTs went to zero. Many traders declared the NFT market dead, and even during the 2024 crypto bull run, it struggled to recover.

It's against this somewhat gruesome background that the Pudgy Penguin community embarked on the Pengu coin airdrop. There was a fair amount of doubt surrounding the project, especially from those who had been burned by the NFT bear market.

Despite the FUD, the PENGU coin airdrop was a huge success. Over 25% of the total supply was distributed to holders of Pudgy Penguins NFTs, rewarding loyal community members and generating significant buzz.

This successful airdrop led to Pudgy Penguins dominating the NFT narrative for weeks. The excitement and attention surrounding PENGU brought a renewed interest in the Pudgy Penguins collection and its ecosystem.

The PENGU coin drop has allowed the Pudgy team to attract more liquidity into their ecosystem, which now includes several NFT collections, a native coin, merchandise, and a comprehensive digital space. This expansion has solidified Pudgy Penguins' position as a leading brand in the NFT space.

PENGU has a maximum supply of 88,888,888,888 and a circulating supply of approximately 62 billion. A large share of the circulating supply was introduced through the airdrop, while another chunk of it was purchased on the open market through centralized and decentralized exchanges.

The Pudgy Penguin’s team surprised the community by choosing Solana over Ethereum. Source: X

PENGU coin was launched on Solana instead of Ethereum, which is where the Pudgy Penguin NFT collection can be found. Solana offers significant advantages in terms of speed and cost, making it a more efficient platform for high-volume transactions.

As stated by Igloo, the parent company of Pudgy Penguins, on X, "By launching PENGU on Solana, Pudgy Penguins grows by reaching an entirely new audience." This strategic move allowed the project to tap into Solana's vibrant ecosystem and attract a broader range of users.

The airdrop distribution was structured to reward different tiers of Pudgy Penguin NFT holders. Owners of the main Pudgy Penguins NFTs received an allocation of just over 1.7 million PENGU, while Lil Pudgy owners received over 188,000 PENGU, and Pudgy Rod holders received between 105,000 and nearly 195,000 tokens, depending on rarity level.

Some of the NFT airdrop recipients were able to sell their tokens for upwards of $20,000 shortly after the tokens went live on December 17th, 2024. This immediate liquidity allowed early adopters to realize significant profits.

The airdrop process was not a standard snapshot; instead, the tokens were distributed through a wallet connect system. NFT holders connected to the PENGU site and claimed their tokens, ensuring a more direct and secure distribution.

Following the launch, the PENGU coin price action surged with bullish momentum, reaching an all-time high price of $0.068.

The PENGU coin price chart looks fairly bearish. Source: CoinGecko

At its all-time high, the PENGU token had a market capitalization of $2.6 billion, making it one of the most valuable tokens in the Solana ecosystem. Since this surge, a considerable pullback has occurred. PENGU now trades at a near 90% discount on its all-time high, with its market cap at $400 million.

PENGU launched at the end of 2024, which means it has only been live for a few months. As ever with new coins, it can be hard to tell how the price action will develop in the medium to long term. However, PENGU is slightly different from your average Solana token due to the fact that its price is supported by one of the most valuable and well-rounded NFT communities on the market. It's important to remember that the Pudgy floor price is just under 10 ETH ($20,000).

CoinCodex has issued a bullish Pengu coin price prediction for 2025. They expect the current slump to come to an end in the next month and the price to rebound by over 100% before the end of the year.

CoinEdition is also bullish on PENGU. Their forecast suggests that PENGU could recover to its all-time high before the end of 2025. Interestingly, they've issued a maximum price target for 2025 of $1, which would require several billion dollars to be added to the market cap.

CryptoPredictions is fairly bullish on the PENGU price action for the remainder of 2025, with a medium price target of $0.01 for the end of the year.

Looking further ahead, it's clear that the general consensus supports the predictions of PENGU producing positive returns. However, most of these forecasts do depend on the assumption that the NFT market will experience a significant rally and the Solana ecosystem will continue to attract liquidity.

CoinCodex has forecast a medium PENGU price target of $0.02 for 2030, which would be a 100% gain from their 2025 target.

CoinEdition has issued one of the most bullish 2030 PENGU coin price targets, with an average price of $3.5. This would push PENGU to become one of the leading tokens on the Solana blockchain.

CryptoPredictions has issued a 2029 forecast that is similar to CoinCodex's 2030 targets, with an average price expectation between $0.02 and $0.025.

Overall, the majority of PENGU coin price predictions suggest that there are gains on the way for PENGU holders. However, the majority of the predictions suggest fairly modest gains in the coming years. The only price prediction detailed in this blog that suggests $1 is possible by the end of the year was issued by CoinEdition.

There's no doubt that PENGU has outperformed expectations. Thousands of wallets claimed their tokens following the launch in December 2024, and since then, the token has secured listings on some of the leading global crypto exchanges. 

At one point, its market capitalization was competing with the top crypto projects, and many Pudgy Penguins holders netted enormous profits. However, the long-term potential of PENGU might be undermined by its lack of clear utility, as it is still in many ways a memecoin.

BlockDAG's native BDAG coin is, therefore, arguably a better investment for the long term, especially if someone is looking for technological innovation and Layer-1 utility. Furthermore, the BDAG presale has raised over $200 million due to its appeal to both crypto traders and crypto mining specialists.

BlockDAG is solving real problems facing the crypto industry and the traditional financial system by offering a network that can potentially solve the blockchain trilemma. The trilemma refers to the difficulty of simultaneously achieving decentralization, security, and scalability.

BlockDAG's hybrid consensus mechanism aims to address this challenge.

In summary, PENGU is expected to produce modest returns according to most price predictions, while BDAG has the advantage of a staged presale and a launch price set well above its current presale stage.