Is Pudgy Penguins a scam?
LOW RISK · 21/100Pudgy Penguins (PENGU) has an automated risk score of 21/100 — low risk. No single factor dominates Pudgy Penguins's assessment — the score reflects several converging measurements. Down 88% from its all-time high — anyone who bought at the peak is far underwater. Volume at 24.4% of market cap — within normal range.
Automated assessment · updated 22 October 2026
Pudgy Penguins
penguLOW RISK$0.007884
-1.27% (24h)
updating live price…
Risk Assessment
Risk Score
LOW RISK
Driven primarily by drawdown from all-time high (20 of 25 points). Every contributing factor is itemised below.
measured 2026-10-22 · 7 factors evaluated
Here is what the public data shows about Pudgy Penguins, ordered by how strongly each factor contributes to the score:
- Drawdown From All-Time High: Down 88% from its all-time high — anyone who bought at the peak is far underwater.
- Volume Anomaly: Volume at 24.4% of market cap — within normal range.
These are automated, opinion-based indicators from public data — not financial advice or an allegation of wrongdoing. See our methodology.
Risk Factor Breakdown
Each factor is scored independently and weighted to calculate the total risk score.
Drawdown From All-Time High
Price Action
20/25
80%
How far the price sits below its peak. Deep drawdowns are common to abandoned and post-collapse tokens, but also to assets in a prolonged bear market — on its own this measures price history, not conduct.
Volume Anomaly
Trading Signals
1/20
5%
24-hour volume compared with market cap. Very high turnover can reflect genuine news-driven trading or inflated volume; very low turnover means the price is rarely tested. We measure the ratio and cannot attribute it to any party.
Not contributing (5): Market Cap Risk, Supply Structure, Price Volatility, On-Chain Holder Concentration, Transparency Gaps — 0 points.
Key Metrics
Protect Yourself
- • Never invest more than you can afford to lose entirely
- • Check token concentration — if top 10 wallets hold >50%, be cautious
- • Verify the team is public and doxxed
- • Read the smart contract audit before buying
- • Be wary of unrealistic APY promises
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Community Comments
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What the contract allows
Ethereum · measured 2026-10-18
We checked Pudgy Penguins’s deployed contract for all 7 owner privileges below and found none of them. This describes the code only — it says nothing about the team, the treasury, or how the supply is distributed.
Checked and not present: change any wallet balance, pause all transfers, blacklist wallets, mint new tokens, ownership can be reclaimed after renouncing, contract has a hidden owner, contract can self-destruct.
Source code: published and verified, so the deployed bytecode can be independently reviewed.
Contract analysis from GoPlus Labs · verify on-chain. An upgradeable contract can change after this reading.
How we counted holders here
None of Pudgy Penguins’s ten largest holders matched a labelled exchange, market-maker, treasury or vesting, liquidity-pool or DeFi-protocol, staking or vault, bridge, multisig or burn address, so the 45.8% we report is simply the plain top-10 share. On many tokens a large share of supply sits in custodial or burn addresses and has to be separated out first; on this one it does not.
Classification applied to the 100 holder records returned for this contract; 98 remained after exclusions · measured 2026-10-22. Custodial wallets are identified by public address labels, so an unlabelled one may still be counted as private — this correction is a floor, not a guarantee.
Pudgy Penguins holder-concentration history
43 dated measurements · -5 pts over the period
FraudCoins.com has measured the share of Pudgy Penguins’s supply held by its top 10 non-exchange wallets on 43 days since 18 Jul 2026. The highest reading was 51.2% on 28 Jul 2026; the most recent reading is 45.8% on 22 Oct 2026.
- 10 Oct 2026: Ethereum and Optimism holder lists and wallet labels moved from Moralis to Blockscout, which identifies more exchange, bridge, treasury and vesting wallets.
- 12 Oct 2026: Added contract-type rules (lock-ups, vaults, lending and yield protocols), excluded vault and yield-bearing receipt tokens, and stopped flagging assets where the measured chain holds only part of the supply.
Composite risk score (0–100)
Recorded measurements (43)
| Date measured | Top 10 hold | Flagged |
|---|---|---|
| 45.8% | No | |
| 45.9% | No | |
| 45.7% | No | |
| 44.6% | No | |
| 45.2% | No | |
| 45.2% | No | |
| 45.3% | No | |
| 45.1% | No | |
| 46.5% | No | |
| 44.9% | No | |
| 42.1% | No | |
| 44.5% | No |
Each row is an automated measurement taken on the date shown, using public on-chain holder data with burn and labelled exchange, staking, bridge and liquidity wallets excluded. Historical readings describe what our model measured on that date — they are not statements about the project’s conduct then or now, and are not financial advice.
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Frequently asked questions about Pudgy Penguins
Is Pudgy Penguins a scam?
We do not allege that Pudgy Penguins (PENGU) is a scam, and we have no evidence of wrongdoing by anyone associated with it. What we can tell you is what we measured: Its ten largest private wallets hold 45.8% of supply (exchange, staking, bridge and burn addresses excluded). That places it at 21/100 on our automated scale, which we label low risk. A high score means the asset has structural characteristics that have historically preceded losses — not that fraud has occurred. These are automated, opinion-based indicators from public market and on-chain data — not statements of fact, financial advice, or allegations of wrongdoing.
Why is Pudgy Penguins flagged as low risk?
Pudgy Penguins's risk score is driven mainly by: drawdown from all-time high — Down 88% from its all-time high — anyone who bought at the peak is far underwater; volume anomaly — Volume at 24.4% of market cap — within normal range.
Who controls Pudgy Penguins's supply?
On-chain data shows the top 10 holders of Pudgy Penguins hold 45.8% of the supply (burn and labelled exchange, staking and liquidity wallets excluded). This is shown for transparency and sits below our flag threshold.
Is Pudgy Penguins safe to buy?
FraudCoins.com does not give buy or sell recommendations, and no cryptocurrency is safe. Pudgy Penguins scores 21/100 (low risk) on our automated risk model. Always do your own research and never invest more than you can afford to lose.