PENGU Jumps 20% After Pudgy Penguins and China’s Suplay Deal

• Pudgy Penguins partners with China’s Suplay to launch physical toys and expand into Asia’s growing collectibles market.
• The PENGU token surges around 20% following the partnership announcement, hitting $2 billion in daily trading volume.

Pudgy Penguins has officially partnered with Suplay Inc., one of China’s largest collectible toy companies. They appear to want to bring their iconic characters to physical toy stores for widespread sale in Asia. No design or launch date has been revealed yet, but the market has reacted immediately.

The PENGU token, which had previously been under the radar of some traders, immediately surged by around 20% in just one day after the news broke.

Pudgy Penguins X Suplay Inc

We are excited to partner with Suplay, one of the top collectible companies in China.

More information coming soon. pic.twitter.com/zMPhh110IX

— Pudgy Penguins (@pudgypenguins) July 15, 2025

This move actually makes sense. On the one hand, Asia, especially China, has a large and fanatical market for collectibles. On the other hand, Pudgy Penguins is actively balancing its digital world with tangible products.

While they previously entered Walmart and Target in the United States, now it’s the East’s turn to be targeted. You could say this is a kind of “NFT physicalization” strategy that isn’t just about hype, but rather about building a real fan base.

ETF Filing and Toy Deal Push PENGU to New Trading Highs

The impact of this announcement is not only felt in the toy world, but also in the crypto market. PENGU, a token closely tied to the Pudgy ecosystem, suddenly surged, recording a trading volume of over $2 billion.

Interestingly, this surge occurred amidst an RSI that had already reached 88—a sign that the token was in overbought territory. However, traders appeared to remain optimistic, perhaps driven by the aforementioned major fundamental news.

Furthermore, a few days earlier, the PENGU token had also attracted attention after the SEC acknowledged Canary Capital’s hybrid ETF filing, which combines token and NFT assets. Although not yet finalized, this recognition alone was enough to make many investors reconsider their positions on PENGU.

Pudgy Penguins Blur the Line Between Web3 and the Real World

Also noteworthy is the exciting news from the CNF, published last June. Through a partnership with Lufthansa’s frequent flyer program, Pudgy Shop users can now earn miles on every purchase using fiat or PENGU. So yes, buying cute toys earns miles for travel—it sounds absurd, but it’s actually happening.

Meanwhile, we briefly highlighted PENGU’s movement, which is quite similar to the memecoin PEPE. If this pattern truly continues and enters a parabolic phase, as happened with PEPE before, it’s not impossible that PENGU could record a surge of up to 4,000% when the bull run reaches its peak. Of course, that’s still a prediction, but at least PENGU is now starting to have a combination of hype and real utility.

Not only that, the partnership with Suplay could also pave the way for physical distribution outside of exchanges and NFT marketplaces. Imagine seeing Pudgy Penguins in a toy store window in Shanghai, bought by children, unaware that they’re all from the crypto ecosystem.

This is where Pudgy’s strategy becomes ingenious—infiltrating traditional markets through tangible products, without having to explain the complexities of Web3 to the general public.