PENGU jumps 62% in a week amid IPO speculation

PENGU climbed 62.1% over the past week and traded near $0.0095. The token gained roughly 15% in the last 24 hours. PENGU's market value is close to $598 million. The token ranks 97th across all cryptocurrencies. LBank opened a promotional campaign with Pudgy Penguins in August. The campaign includes trading competitions, giveaways, and yield products that lock deposits for 30 days. The locked products reduce the tokens available on exchange order books during that period. Pudgy Penguins expanded retail distribution through Walmart and Target stores across North America. The project also entered sports through a Manchester City NFT deal in January. Netz posted emojis that many traders interpreted as a reference to a stock exchange. Netz did not add text or connect the post to a listing. In an interview published in August 2025, Netz said he would be disappointed if the company failed to list within two years. That timeline points to 2027. Pudgy Penguins guided toward roughly $50 million in annual sales at the time. Toys generated most of that revenue. Token holders have no claim on the company's merchandise revenue. A US listing would require audited accounts and legal separation between the equity and the token. No registration statement has surfaced. The company has not named a bank or venue. PENGU remains below its December 2024 record of $0.06845. The token rose from a February low near $0.0053 and broke a long downtrend around $0.0083 in April.