PENGU · scheduled unlocks keep dripping into the float.

PENGU is a fixed-supply brand token on Solana and Ethereum, not a chain's gas asset — there is no block reward, no staking emission and no mint authority, so nothing new is created at the protocol level.

A monthly linear vest releases about 703.92M PENGU per tranche (roughly 0.79% of the 88.9B max) to team, company and community allocations, running through 2027 and 2028. Three tranches land inside the window — Jul 17 2026, Aug 17 2026 and Sep 17 2026 — totalling about 2.11B PENGU. This is the only sell flow, and it is the whole story.

About 26B PENGU is still locked, but only the monthly linear vest is on a published forward schedule (counted in row #2). No dated discretionary treasury or foundation release is scheduled in the window — the overhang is tracked, not booked.

No bankruptcy estate or court-ordered distribution applies to PENGU. The remaining locked allocations release on the published monthly vesting schedule (row #2), not as a one-off long-term cliff.

There is no live buyback program — nothing on the buy side absorbs the monthly unlock.

PENGU is a token on Solana and Ethereum, so network fees burn those chains' own gas assets, not PENGU. Any PENGU destroyed to date was a one-off, discretionary burn with no ongoing published rate — carried at zero, monitored.

No discretionary open-market buying by the team or treasury — monitored.

No new multi-year lock or escrow of circulating PENGU has been announced in the window — monitored.