Pudgy Penguins, a prominent Web3 brand, has executed a significant token burn, permanently removing 12.16 billion unclaimed PENGU tokens, equivalent to 13.69% of the total supply. This move has increased the PENGU holder base to 868,000. The burn, valued at over $150 million, followed the closure of the Solana claim window. Currently, PENGU is trading at $0.03330 with a market capitalization of $2.09 billion, despite a recent 6.81% decline. Analysts have identified a critical support range between $0.0300 and $0.0310, with a potential rebound target of $0.0466. The growing holder base and community activity are driving interest, with plans to integrate PENGU into product purchases and explore broader utility.