PENGU, the native token of the Pudgy Penguins ecosystem, surged 54.76% over the past week to $0.009451 to become the most profitable large-cap memecoin amid a broader cryptocurrency market rebound. The rally followed a cryptic message from CEO Luca Netz on August 23, 2026, hinting at plans to take the company public by 2027, with the post featuring a pair of eyes, a penguin, a building and an "SOON" arrow. The official account replied "Well, well, well" on August 25, 2026, to Polymarket's post about crypto whales buying NFTs. The token is up nearly 50% in a month. Other memecoins also gained, with Pepe up 48.37%, Bonk up 31.62%, Dogecoin up 23.9% and Shiba Inu up 19.32%. The advance builds on the brand's entry into South Korean retail and rollout of physical products, extending distribution beyond Target and Walmart.