BNB Chain Welcomes PENGU as Pudgy Penguins Push Into Wider Web3 Access

The Pudgy Penguins token PENGU is now live for trading on BNB Chain. This means users can swap, hold, and interact with the token on a network known for lower fees and fast block times. 

PENGU began on Solana but is expanding across multiple chains, starting with this new deployment on BNB Chain. This cross chain move is part of the project’s strategy to reach more users and widen its presence in the Web3 ecosystem.

PENGU has attracted strong attention across the NFT and Web3 community. The token went live on December 17, 2024, and the launch influenced Pudgy Penguins NFT prices, which briefly crossed $100,000. The expansion to BNB Chain further opens access for traders who prefer cheaper transactions compared to Ethereum.

What Is PENGU?

PENGU is the ecosystem token for Pudgy Penguins, one of the largest profile picture NFT brands. It functions as a community and utility token designed to connect holders across physical toys, digital experiences, and Web3 platforms.

The total supply is 88.88 billion tokens. The supply is distributed across community members, partner communities, team members, liquidity providers, and additional categories such as public good allocations. This structure reflects a broad distribution pattern commonly seen in major NFT-linked token launches.

While PENGU first launched on Solana, the plan is to expand to Ethereum and Abstract, a consumer-focused layer 2 network built by Igloo Inc. The BNB Chain deployment adds another active ecosystem, giving users low cost swaps on decentralized exchanges such as PancakeSwap.

Key facts about PENGU

• Total supply: 88.88 billion
• Initial chain: Solana
• New deployment: BNB Chain
• Additional future chains: Ethereum and Abstract
• Airdrop allocation: 25.% for the main community

The team describes the token as a way for millions of fans to “align” with the Pudgy Penguins brand. In interviews, project owner Luca Netz stated that tokenization helps bring people closer to the community.

Why Did Pudgy Penguins Expand PENGU to BNB Chain?

The move to BNB Chain focuses on accessibility. Many traders prefer BNB Chain for its low gas fees and high throughput. For a token with a large supply, cheaper fees make frequent swapping and micro-transactions more practical.

BNB Chain also offers deep liquidity pools through platforms like PancakeSwap and attracts retail users who already trade memecoins and NFT-linked tokens. 

Several major NFT and gaming projects have expanded to BNB Chain for similar reasons. Projects such as Gala Games and StepN have leveraged BNB Chain to reach a larger global base of users who want low cost interactions. 

The History of Pudgy Penguins

Pudgy Penguins launched in July 2021 with 8,888 cartoon penguin NFTs. The series gained traction due to its accessible style and strong meme culture. Early leadership problems slowed progress, but the project turned around when entrepreneur Luca Netz acquired the brand in April 2022.

The new management shifted strategy toward IP licensing, retail toys, and digital experiences. Pudgy Toys are now available through major retailers such as Walmart and Amazon. These products also serve as entry points to Pudgy World, a digital environment that links physical purchases to on-chain identity.

Conclusion

PENGU’s launch on BNB Chain enhances accessibility for traders and strengthens the Pudgy Penguins ecosystem. The token’s cross chain structure allows engagement across Solana, BNB Chain, and soon Ethereum and Abstract. The focus remains on connecting holders, supporting digital and physical experiences, and maintaining liquidity across major networks.

Resources

1. Pudgy Penguins on X: Announcement (December 10, 2025)

2. BNB Chain on X: Announcement (December 10, 2025)

3. PENGU CoinMarketCap: PENGU price action

4. Report by Crypto Briefing: Pudgy Penguins token PENGU launches on BNB Chain for trading