PENGU token surged 62% in a week as traders bet on Pudgy Penguins CEO Luca Netz's plan to take the company public by 2027 via an IPO.

PENGU token surged 62% in a week as traders bet on Pudgy Penguins CEO Luca Netz's plan to take the company public by 2027 via an IPO.

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