Pudgy Penguins (PENGU)
Unlock Schedule
Pudgy Penguins (PENGU) Token Unlock & Vesting Schedule
As of October 17, 2026, 57.92 billion of the 88.89 billion PENGU (65.16%) have been released. The remaining 18.81 billion PENGU, all estimated, are worth about $142.77 million at today's price (30.01% of the market cap). Of these, 8.29 billion PENGU release over the next 12 months, from Current and future team — 17.8% of original supply and Company — 11.48% of original supply. Today's release is an estimated 23.75 million PENGU from Company — 11.48% of original supply and Current and future team — 17.8% of original supply. PENGU is fully unlocked on December 17, 2028; after that date the schedule has no further dated releases.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and initial distribution
PENGU launched with a fixed initial allocation of 88,888,888,888 tokens. Its launch distribution set aside 25.9% for the Pudgy Penguins community and 24.12% for other communities. A further 17.8% went to current and future team members, while 11.48% was retained by the company. The remaining portions were allocated to liquidity support, public goods, brand expansion, and FTT holders. Team and company allocations had a one-year cliff followed by a three-year vesting schedule, meaning those tokens were set to become available over time rather than all at once. (assets-cms.kraken.com)
This approach gave existing NFT holders a place in the launch while also reaching people outside the original collection. The claim period has ended, so the initial airdrop is part of the token’s history rather than an ongoing way to receive it. (assets-cms.kraken.com)
PENGU functions as a community token that people can transfer between Solana wallets. It can also be used to purchase goods through supported checkout arrangements, including the official Pudgy Penguins shop. These uses are different from the character-specific collecting and licensing associated with the NFTs. (assets-cms.kraken.com)
Upcoming PENGU Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Oct 17 – 31, 2026 | Current and future team — 17.8% of original supply | Vesting, estimated | 216.5M | $1.6M | 0.24% |
| Company — 11.48% of original supply | Vesting, estimated | 139.7M | $1.1M | 0.16% | |
| Nov 2026 | Current and future team — 17.8% of original supply | Vesting, estimated | 433.1M | $3.3M | 0.49% |
| Company — 11.48% of original supply | Vesting, estimated | 279.3M | $2.1M | 0.31% | |
| Dec 2026 | Current and future team — 17.8% of original supply | Vesting, estimated | 447.5M | $3.4M | 0.50% |
| Company — 11.48% of original supply | Vesting, estimated | 288.6M | $2.2M | 0.32% | |
| Total, next 12 months | 8.3B | $62.9M | 9.32% | ||
Values at $0.008 per PENGU (October 17, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
All PENGU was minted at its December 2024 launch and divided among eight published budgets. Community claims opened at launch, while the team and company have a one-year cliff followed by three years of vesting; Binance also documented a launch-day airdrop whose funding budget is unidentified. Unclaimed airdrop tokens were burned in February 2025, but their split between budgets and several other budgets' spending dates remain unknown. The dated chart entries show gross claim availability and estimated even vesting, not an observed monthly circulating-supply history.
- Liquidity — 12.35% of original supply: The sources give the amount but no release dates.
- Public good — 4% of original supply: The sources give the amount but no release dates.
- Proliferation — 4% of original supply: The sources give the amount but no release dates.
- FTT holders — 0.35% of original supply: The sources give the amount but no release dates.
- 1. https://assets-cms.kraken.com/files/51n36hrp/facade/3bd9db0b926a771df7af4a2376fe3b34ef4a88c1.pdf
- 2. https://www.sec.gov/Archives/edgar/data/2059693/000199937125002883/canarypengu-s1_032025.htm
- 3. https://feed-content.bithumb.com/cms/copied-372cc262-1f3a-4f3e-90ea-5b3c4bcdaf84.pdf
- 4. https://www.binance.com/en/support/announcement/detail/b60b629a7396476ba3c3391b016074e1
- 5. https://x.com/pudgypenguins/status/1887164609133429246
- 6. https://decrypt.co/304610/pengu-falls-pudgy-penguins-burn-150-million-solana-tokens
- 7. https://decrypt.co/296507/pengu-pupgy-penguins-solana-token-airdrop-tokenomics
- 8. https://solscan.io/token/2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 5 markets on Binance, OKX, Hyperliquid and Lighter · $52.1M open interest
Binance (CEX) | 5.3M | 430K/453K |
Bybit (CEX) | 1.7M | 239K/227K |
OKX (CEX) | 1.7M | 158K/239K |
Binance (CEX) | 1.3M | 83K/107K |
Gate.io (CEX) | 1.3M | 330K/443K |
![]() Coinbase (CEX) | 990K | 247K/301K |
HTX (CEX) | 807K | 336/1.3K |
Kraken (CEX) | 619K | 127K/273K |
Binance (CEX) | 533K | 31K/36K |
KuCoin (CEX) | 419K | 82K/58K |
Bitget (CEX) | 339K | 86K/120K |
![]() MEXC (CEX) | 124K | 8.5K/16K |
OKX (CEX) | 63K | 201K/198K |
![]() MEXC (CEX) | 56K | 15K/17K |
Kraken (CEX) | 30K | 7.7K/9.5K |
Kraken (CEX) | 28K | 21K/39K |
![]() Pancakeswap V3 (BNB) | 23K | 1.9K/1.9K |
Kraken (CEX) | 21K | 1.8K/5.9K |
OKX (CEX) | 2K | 41K/40K |
OKX (CEX) | 1.4K | 78K/82K |
![]() Meteora (Solana) | 999 | 24/24 |
![]() Raydium (Solana) | 814 | 106/105 |
![]() Raydium (Solana) | 415 | 124/123 |
![]() Orca (Avalanche) | 182 | 71/71 |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Description
#118
The PENGU token is part of the Pudgy Penguins ecosystem, which includes a collection of 8,888 unique NFTs. The token will be launched on Solana with a total supply exceeding 88 billion tokens. It will allocate 25.9% of the supply to the Pudgy Penguins community.
| Sector: | NFT |
| Blockchain: | Solana |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 5 markets on Binance, OKX, Hyperliquid and Lighter · $52.1M open interest
Binance (CEX) | 5.3M | 430K/453K |
Bybit (CEX) | 1.7M | 239K/227K |
OKX (CEX) | 1.7M | 158K/239K |
Binance (CEX) | 1.3M | 83K/107K |
Gate.io (CEX) | 1.3M | 330K/443K |
![]() Coinbase (CEX) | 990K | 247K/301K |
HTX (CEX) | 807K | 336/1.3K |
Kraken (CEX) | 619K | 127K/273K |
Binance (CEX) | 533K | 31K/36K |
KuCoin (CEX) | 419K | 82K/58K |
Bitget (CEX) | 339K | 86K/120K |
![]() MEXC (CEX) | 124K | 8.5K/16K |
OKX (CEX) | 63K | 201K/198K |
![]() MEXC (CEX) | 56K | 15K/17K |
Kraken (CEX) | 30K | 7.7K/9.5K |
Kraken (CEX) | 28K | 21K/39K |
![]() Pancakeswap V3 (BNB) | 23K | 1.9K/1.9K |
Kraken (CEX) | 21K | 1.8K/5.9K |
OKX (CEX) | 2K | 41K/40K |
OKX (CEX) | 1.4K | 78K/82K |
![]() Meteora (Solana) | 999 | 24/24 |
![]() Raydium (Solana) | 814 | 106/105 |
![]() Raydium (Solana) | 415 | 124/123 |
![]() Orca (Avalanche) | 182 | 71/71 |





