Zinger Key Points
- Amid sideways crypto markets, Pudgy Penguins emerged as top gainer, surging 28% on the day.
- Creator Luca Netz believes assuming Dogecoin's dominance is a “bad assumption” and aims to elevate Pudgy Penguins.
- Get Monthly Picks of Market's Fastest Movers
Editor’s note: the story has been updated to reflect that Luca Netz is the CEO, not the creator of Pudgy Penguins.
The Pudgy Penguins PENGU/USD meme coin is seeing a surge in interest, fueled by new exchange listings, bullish sentiment and whale accumulation.
What Happened: Onchain Lens data shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.
In Mario Nawfal's latest Crypto Daily episode posted on X on Dec 23, Luca Netz, the CEO of Pudgy Penguins, shared insights into the project's vision.
He dismissed the idea that Dogecoin DOGE/USD will maintain dominance forever, labeling it as a "bad assumption."
Netz emphasized that memetic characters like Pudgy Penguins remain underdeveloped and have untapped cultural potential.
He added that in terms of social viewership and other factors Dogecoin and Pepe PEPE/USD are the only two closest competitors.
Netz short term goal for Pudgy Penguins is to make it a cultural phenomenon which has happened only twice earlier in the crypto space – DOGE and Bored Apes and Ape.
The next big step for Pudgy he believes is a movie TV show and a blockbuster game.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Pudgy Penguins PENGU/USD | $0.03558 | $2.2 billion | +28.4% | +612.3% |
| Dogecoin DOGE/USD | $0.3198 | $47.1 billion | +1.3% | -21.1% |
| Pepe PEPE/USD | $0.00001828 | $7.7 billion | +1.4% | +22.3% |
Trader Notes: Wizard of SoHo, a prominent crypto trader, 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/USD and Rekt.
Lord Durden, another investor, shared the "PENGU prophecy roadmap," highlighting its future potential.
Community News: 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.
Read Next:
Image via Pudgy Penguin
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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