PENGU · the unlock calendar promises far more than the wallets actually release.
PENGU is the token of Pudgy Penguins, the penguin cartoon brand, and it lives on Solana — 62.86B circulating against a hard cap of 88.89B, of which 12.17B was already burned. The mint is switched off on-chain, so the only way supply reaches the market is team and company coins leaving their locks.
Sell pressure. 229.2M PENGU over 90 days — three of the twenty lock wallets paid out once, on Jun 17 2026. The other seventeen never moved, and July and August were silent.
Buy pressure. 0. No buyback, no burn engine, no staking lock, no disclosed company buying. Nothing is pulling PENGU back off the market.
Net. About +0.36% to market over 90 days and the same looking forward — mildly upward, and far below the +2.3% the published calendar would have implied.
- Next monthly vesting datewatchSep 17 2026 · added to market
The PENGU mint is switched off for good. On-chain, the authority that could create new coins is empty, and so is the one that could freeze a wallet — nobody can add a single PENGU, ever.
Team and company coins sit in 20 separate lock wallets. Over 90 days only three of them paid out, all on Jun 17 2026, for 229.2M in total — the other 17 never moved, and nothing was released in July or August. The public calendar advertises about 723.0M a month, which is roughly six times what the wallets actually let go.
No public evidence of release in window — monitored. The still-locked pile is 9.8B across those 20 wallets, plus 0.6B in the wallets that receive the drip, plus a 3.5B treasury cold wallet that GREW by 581.4M this window instead of selling. Together that is 13.9B — about 22% of the traded float — sitting in named wallets we read every rebuild.
There is no bankruptcy estate and no trustee selling PENGU. The small 0.35% slice once handed to FTX creditors was a one-off launch airdrop, finished at launch, not a recurring wave.
A buyback of at least $10M was approved on Jun 30 2026, but nothing has executed that anyone can see: no destination wallet was published, and no wallet on-chain shows PENGU piling up at that size since the announcement. Until coins actually move it stays at 0, checked every refresh.
PENGU is a brand token, not a fee-charging network, so there is no fee stream to burn. The one big burn — the unclaimed airdrop, 12.2B coins — happened once in early 2025 and is long outside this window.
No public evidence of release in window — monitored. The company behind Pudgy Penguins earns real money from toys, licensing and a card product, but it has never disclosed buying PENGU on the open market, and no wallet shows it.
There is no staking contract and no lockup that takes PENGU off the market. An exchange launched a locked-earn promotion in Aug 2026, but those coins stay with the exchange and never leave the float.
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