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Pudgy Penguins

avoid.net/pudgy-penguins→42/100·68% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5XxcqB…EP2W

Summary

Pudgy Penguins (PENGU) is an NFT brand turned crypto token. Original founders (Cole Villemain et al.) were ousted in January 2022 after accusations of cash-grabbing and draining the treasury. Luca Netz purchased the project for 750 ETH in April 2022 and rebuilt it into a consumer brand. PENGU token launched December 2024 on Solana but dropped 86% from peak by April 2025. Abstract L2 network launch disappointed holders expecting airdrops. Canary Capital filed a PENGU ETF (SEC acknowledged July 2025). Partnerships with VanEck (NFC collectibles) and Visa (Pengu Card debit card) announced April 2026.

Connected Entities

21 entities · 60 linked investigations
Organizations
□Ethereum64□Pudgy Penguins□Solana
Exchanges
△Binance Exchange 1△Bybit Wallet 14△Binance 10
Tokens
♦Pudgy Penguins
Wallets
◇qMNo1R…4UZA◇FhPorZ…nYbX◇86pMJe…sG17◇GcEXZE…ZJZu◇7pRaEu…zRM3◇5PLU3M…Lrkm◇38xCLm…MdUP◇GHQKNz…rSNH◇Pudgy Penguins Token Deployer◇51yZyD…QU5j◇381EGw…oVuD◇9jBmHX…EdWL+ 2 more
Relationships
  • FhPorZ…nYbX→sent funds to→Pudgy Penguins(70%)
  • Binance Exchange 1→associated with→Pudgy Penguins(60%)
  • GHQKNz…rSNH→controls→Pudgy Penguins(43%)
  • qMNo1R…4UZA→controls→Pudgy Penguins(47%)
  • 9jBmHX…EdWL→controls→Pudgy Penguins(43%)
  • 8Mm46C…MZQH→controls→Pudgy Penguins(46%)
  • 381EGw…oVuD→controls→Pudgy Penguins(42%)
  • GcEXZE…ZJZu→controls→Pudgy Penguins(59%)
  • Pudgy Penguins Token Deployer→controls→Pudgy Penguins(53%)
  • 5PLU3M…Lrkm→controls→Pudgy Penguins(49%)
  • + 10 more
Also appears in
Wormhole·62ACT·28pump.fun·8Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Bankr·18+ 50 more

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about Pudgy Penguins?

Timeline(6 events)

July 2021

Pudgy Penguins NFT collection launches, mints out quickly

nftnow.com

7 January 2022

Original founders ousted by community vote amid cash-grab allegations

coindesk.com

April 2022

Luca Netz purchases Pudgy Penguins for ~750 ETH

nftnow.com

December 2024

PENGU token launches on Solana

decrypt.co

March 2025

Canary Capital files for PENGU ETF

nftplazas.com

April 2025

PENGU hits low of ~$0.003, down 86% from peak

decrypt.co
Provenance & Audit Trail
Anchored on SolanaVerify on-chain3 Wayback Archivessrc:claude-code-investigator

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 3 of 4 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-code-investigator

generated: 5/13/2026, 1:40:33 PM

last updated: 7/25/2026, 7:53:44 PM

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