Boosted by rumors of a potential listing, PENGU has surged over 66% in the past week

Odaily News, August 23 — Pudgy Penguins CEO Luca Netz posted a cryptic tweet on August 23, featuring an image of eyes, a penguin, and a building, followed by an arrow pointing to "SOON." Although the post contained no text, the market interpreted it as a hint that the company is advancing its listing plans. As a result, PENGU rose over 17% that day, and with improving overall market conditions, it has gained more than 66% over the past week.

The community interpreted the building in the post as a stock exchange, reading the message as "Look, the penguin is about to go public soon." In a 2025 interview, Luca Netz stated he hopes to take the company public by 2027.