Pudgy Penguins Freezes Out Dogecoin and Pepe: Here's Why PENGU Took Flight

Memecoins posted strong gains over the past week, with Pudgy Penguins (PENGU) token outperforming more valuable and popular cryptocurrencies.

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PENGU surged 54% to become the most profitable large-cap memecoin over the last seven days. The native token of the popular NFT brand Pudgy Penguins is up nearly 50% in a month.

In addition to the broader cryptocurrency market rebound, the coin rallied following a cryptic message from Pudgy Penguins CEO Luca Netz about potentially taking the company public by 2027.

The post on X featured a pair of eyes, a penguin, a building and an “SOON” arrow.