Pudgy Penguins launches Essentials collection as smart money buys and whales trim
- —Pudgy Essentials launched September 22 via pudgypenguins.com
- —Top PnL traders and smart money added positions; whales trimmed
- —Plush toys are sold in over 1,800 Target stores since July 2026
- —Luca Netz aims to grow PENGU holders from 4,000 to 1 million
Why it matters: The smart money-versus-whale divergence signals uncertainty around PENGU, while the mass-market push will shape future token demand.
Source: Crypto Briefing