What Is the Current Crypto Market Overview in August 2025? PENGU Hits $2.3B Market Cap

PENGU reaches $2.3B market cap, ranking 43rd on CoinMarketCap

Pudgy Penguins' native token PENGU has achieved a remarkable milestone by reaching a $2.3 billion market capitalization, securing the 43rd position on CoinMarketCap. This significant achievement underscores the growing influence and popularity of the Solana-based token in the cryptocurrency ecosystem. The market performance statistics reveal PENGU's impressive trajectory:

| Performance Metric | Value | |-------------------|-------| | Current Price | $0.037 USD | | 24h Trading Volume | $785.9 million | | 24h Price Change | +5.11% | | 7d Price Change | +8.13% | | 30d Price Change | +151.50% | | Circulating Supply | 62.86 billion PENGU | | Total Supply | 88.89 billion PENGU |

PENGU's extraordinary growth is particularly evident in its 30-day performance, showing a staggering 151.50% increase. The token, which was only launched in December 2024, has rapidly gained traction across 390 active markets. This rapid ascension can be attributed to Pudgy Penguins' strong community presence across multiple social platforms and its strategic positioning within the collectibles and NFT space. The project's expansion into the Solana ecosystem has proven to be a successful strategic move, allowing it to leverage Solana's high-performance blockchain capabilities while capturing significant market share in the growing meme and NFT token segments.

24-hour trading volume surges to $788M, up 43.62%

Pudgy Penguins (PENGU) has experienced a remarkable surge in market activity, with its 24-hour trading volume reaching an impressive $788 million, representing a substantial 43.62% increase. This significant uptick in trading volume signals heightened investor interest and market momentum for the Solana-based token. Current market data shows PENGU trading at approximately $0.037 per token, positioning it firmly among the top 50 cryptocurrencies by market capitalization.

The trading volume increase correlates directly with price movement, as demonstrated in the following data:

| Metric | Current Value | Change | |--------|--------------|--------| | Trading Volume | $788M | +43.62% | | Price | $0.037 | +5.11% (24h) | | Market Cap | $2.33B | Rank #43 | | Supply | 62.86B (circulating) | 88.89B (total) |

PENGU's impressive performance extends beyond daily metrics, with 30-day growth exceeding 151% and 60-day performance showing a remarkable 269% increase. This sustained growth trajectory suggests that investor confidence in the Pudgy Penguins ecosystem continues to strengthen despite market volatility.

Several major exchanges have contributed significantly to this trading volume, with Gate leading the pack with considerable PENGU/USDT pair liquidity. The token's strong community support and expanding presence across trading platforms have created a robust foundation for continued market activity, reinforcing PENGU's position in the broader NFT and meme token sectors.

Circulating supply at 62.86B PENGU, 70.7% of total 88.89B supply

Pudgy Penguins' token PENGU currently has 62.86 billion tokens in circulation, representing 70.7% of its maximum supply of 88.89 billion tokens. This circulation ratio indicates a controlled token release strategy, providing market stability while maintaining room for future growth. The current circulating supply has helped PENGU achieve a market capitalization of approximately $812.97 million at its current price of $0.01325 per token.

The token supply distribution can be better understood through the following comparison:

| Supply Metric | Amount (PENGU) | Percentage | |---------------|----------------|------------| | Circulating Supply | 62.86 billion | 70.7% | | Locked/Reserved | 26.03 billion | 29.3% | | Total Supply | 88.89 billion | 100% |

Since its launch on December 17, 2024, PENGU has demonstrated significant market adoption on the Solana blockchain. Trading volume has reached $36.29 million in 24 hours, demonstrating robust market interest. The token has experienced considerable price volatility, with an all-time high of $0.055 and an all-time low of $0.003708, showcasing the dynamic nature of the market. The substantial portion of tokens already in circulation reflects Pudgy Penguins' strategy to ensure widespread distribution while maintaining flexibility for future ecosystem development and expansion initiatives.

PENGU listed on 390 markets, showing high exchange coverage

PENGU's impressive market presence is evidenced by its availability across 390 active trading platforms, demonstrating exceptional exchange coverage for a relatively new token. This widespread accessibility has contributed significantly to its remarkable trading volume of $789,904,420 within a 24-hour period. The token's extensive market penetration is particularly noteworthy considering it was only launched in December 2024 on the Solana blockchain.

| Metric | PENGU Token | |--------|------------| | Active Markets | 390 | | 24h Trading Volume | $789,904,420 | | Market Cap Rank | 43 | | Price Increase (24h) | 5.46% |

The token has demonstrated substantial momentum with recent price surges, including a 100% increase in a single week. This growth trajectory correlates directly with its expanding market presence and significant exchange adoption. PENGU's backing by the established Pudgy Penguins brand and LayerZero has provided additional credibility, helping it achieve a market capitalization of approximately $2.33 billion. Such impressive figures have propelled PENGU to rank 43 among cryptocurrencies globally, outperforming many longer-established digital assets in terms of market coverage and trading activity.