Pudgy Penguins (PENGU): D-Score 23/100 — Centralized Leaning BlockIndex D-Score: 23/100 (Centralized Leaning). Pudgy Penguins (PENGU) is a Layer 2 cryptocurrency using N/A consensus. Pudgy Penguins (PENGU): Solana SPL token powering NFT-holder rewards, brand expansion, and community-driven merchandise utility. Source: https://blockindex.ai/coin/pengu · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 23: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 7: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: N/A (N/A) - Launch: Other (2024) - Founder: Unknown - VC funded: No - Max supply: 88,888,888,888 - Circulating: 62,860,396,090 (70.7%) Market data (as of 2026-06-19) - Price: $0.01 - Market cap: $408.98M - 24h volume: $72.2M - 24h change: -3.65% · 7d change: -3.39% About Pudgy Penguins (PENGU) is a brand-driven token designed to expand the Pudgy Penguins NFT ecosystem by converting community-facing intellectual property into on-chain and off-chain utility. Launched as a Solana SPL token, PENGU seeks to reward existing NFT holders, incentivize participation in branded experiences, and support merchandising and media integrations. The project positions itself at the intersection of collectibles, memetic community culture, and broader commercial adoption; its stated utilities include holder rewards, Lil Pudgys drops, and potential token integrations into games and other media projects. Across 2024–2025 PENGU attracted notable market interest reflected in high holder counts, active trading volume, and repeated media coverage that emphasized both speculative price activity and strategic brand partnerships. Technically, PENGU is implemented as an SPL token on the Solana network (token id referenced on Solscan). The on-chain footprint is that of a standard Solana token contract rather than an independent blockchain or consensus layer. As such, network-level characteristics (TPS, block times, mining algorithms) are properties of Solana rather than of PENGU itself. The token is tracked by major market-data aggregators (CoinMarketCap, CoinGecko, CryptoCompare) and has a clear Solscan token page and OpenSea marketplace references. The available data does not surface a public GitHub repository, open-source license, or protocol-level upgrade history specific to PENGU; most development and product updates documented in the scraped sources are brand and product announcements rather than smart-contract upgrades. PENGU’s primary use cases center on rewarding community members and NFT holders, supporting branded merchandise drops, and enabling future token utility integrations in gaming and media. The project’s ecosystem activities include promotional partnerships and product launches (including a mobile game collaboration) that increase brand reach and present optional integration points for token utility. Liquidity and exchange coverage—listings on multiple tier-1 centralized exchanges and presence on DEX routing pages—support tradability and market access; however, tokenomics details across sources show inconsistencies in reported total supply figures, and a formal tokenomics document with precise allocation percentages was not included in the scraped materials. This introduces uncertainty about reserves, treasury allocations, or any pre-issued distribution unless validated against an official tokenomics page. Tokenomics data in the combined summaries show conflicting supply numbers across aggregators: CoinMarketCap reports total supply of ~88.88B with a circulating supply around 62.86B, while CryptoCompare excerpts contain alternative totals. No explicit premine percentage or pre-issued percentage (PIP) was recorded in the scraped sources; in the absence of authoritative tokenomics disclosures in the provided files, premine and PIP are treated as unspecified. Market snapshots (ATH/ATL events, large transfers, and periods of high volume) suggest concentrated holder activity and episodic price volatility. Governance and operational control appear company-centric in the scraped news: media excerpts reference Igloo Inc. and an executive (Luca Netz) in connection with Pudgy Penguins, but the project documentation supplied does not present an on-chain DAO governance model or formal token-holder voting mechanisms. Looking ahead, PENGU’s strategic trajectory is focused on brand expansion—merchandise, gaming, and mainstream media partnerships—which may create additional utility pathways for the token. Short-term price dynamics have been driven largely by NFT market events, on-chain transfers by large holders, and partnership announcements. Critical gaps remain for on-chain due diligence: definitive tokenomics (exact supply and allocation breakdown), any treasury or developer allocation percentages, and formal governance rules. These should be validated using the project’s official tokenomics/whitepaper pages and Solscan/ERC token metadata for precise supply and allocation information. Links - Website: https://pudgypenguins.com/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore