Matt Gaetz Invests in Pudgy Penguins' PENGU Token, Calls it 'Digital Penguins'

Former US Rep. Matt Gaetz has purchased the Pudgy Penguins token PENGU, calling them "digital penguins." PENGU has a market cap of $2.1 billion and a 7-day trend of -7.7%. Other notable cryptocurrencies include Dogecoin and Shiba Inu. Gaetz's purchase comes as the Pudgy Penguins community announces several partnerships, including with NASDAQ-listed company BTCS Inc and the F1 Singapore Grand Prix.

Former US Representative Matt Gaetz has recently acquired the Pudgy Penguins token, PENGU, calling it "digital penguins." The purchase comes amidst a flurry of activity within the Pudgy Penguins community, including significant partnerships and strategic moves. PENGU, with a market cap of $2.1 billion and a 7-day trend of -7.7%, has been gaining attention in the crypto market.

Pudgy Penguins, an NFT project launched in July 2021, has expanded its ecosystem to include physical toys, virtual worlds, and community-driven initiatives. The project has formed strategic partnerships with major brands and events, such as the F1 Singapore Grand Prix, further boosting its mainstream appeal. The PENGU token powers this ecosystem, enabling in-game purchases, rewards, staking, and governance for its holders.

The Pudgy Penguins community recently announced that BTCS Inc., a NASDAQ-listed blockchain company, has added three Pudgy Penguins NFTs to its treasury. This move represents a diversification for BTCS, which has primarily focused on holding Ethereum (ETH) until now. The acquisition of Pudgy Penguins NFTs aligns with BTCS's strategy to hold "blue-chip" NFTs, which are considered top-quality and valuable in the NFT world.

The Pudgy Penguins community has also secured a listing on Ripio, one of Latin America's largest exchanges, following its recent Arkham listing. This addition is seen as a significant milestone for the project, as it expands its reach and accessibility to a broader audience.

Despite the recent market volatility, traders are optimistic about PENGU's long-term potential. Some traders, such as Broski, have labeled PENGU as one of the best long-term investments of the bull run, recommending purchases on every dip. Others, like Fuel, praise its passionate community and target a $50 billion market capitalization by 2025.

However, the market remains unpredictable, with some experts cautioning about the risks associated with NFTs due to their volatility and lack of long-term data. The recent price action of PENGU, which has seen fluctuations from $0.023 to $0.045 in a single month, underscores this volatility.

In conclusion, the acquisition of PENGU by Matt Gaetz and the recent partnerships and listings for Pudgy Penguins indicate a growing interest and potential in the PENGU token. While the market remains uncertain, the project's diversified ecosystem and strategic partnerships position it as a notable player in the crypto and NFT space.

References:
[1] https://www.benzinga.com/crypto/cryptocurrency/25/08/47131407/former-us-representative-matt-gaetz-buys-pudgy-penguins-pengu-calls-it-digital-penguins
[2] https://www.cryptotimes.io/2025/08/13/nasdaq-listed-btcs-inc-adds-pudgy-penguins-nfts-to-treasury/
[3] https://stealthex.io/blog/pudgy-penguins-price-prediction-is-pengu-coin-a-good-investment/