Ledger and Pudgy Penguins Tease Collaboration

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Sead Fadilpašić

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Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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April 20, 2025

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Major crypto wallet Ledger has suggested an upcoming collaboration with the popular Pudgy Penguins non-fungible token (NFT) collection.

On Thursday, Ledger posted a brief teaser on Twitter, writing: “Something cool and secure is coming your way…keep an eye out.”

It went on to tag Pudgy Penguins, followed by a lock and a penguin emoji.

Just like Ledger included the eyes emoji in its tweet, Pudgy Penguins replied with the eyes emoji.

Finally, the company included geographic coordinates 25.2411° N, 55.2684° E, which point to Dubai. This could indicate a launch or reveal event.

However, the two companies have not yet provided additional information.

Notably, Dubai is one of the world’s major crypto hubs. One of the reasons is that the Dubai Virtual Asset Regulatory Authority (VARA) has provided a clear framework for digital assets.

In March, the Dubai Financial Services Authority (DFSA) launched a Tokenization Regulatory Sandbox within the Dubai International Financial Centre (DIFC). It provides crypto firms with a controlled environment to develop tokenized investment products.

Also in March, the Dubai Land Department (DLD) launched the pilot phase of its Real Estate Tokenisation Project, and DFSA gave Ripple the “first license in the Middle East” to offer regulated crypto services.

In May, the emirate will host HODL 2025, formerly known as the World Blockchain Summit.

Pudgy Penguins Partners With Lotte, Continues Expansion

On 18 April, Pudgy Penguins announced a partnership with the South Korean retail and entertainment giant Lotte.

The partners have launched a 500-strong collection, priced at $299 per NFT.

Earlier in April, publicly traded Canadian company SOL Strategies announced a partnership with Pudgy Penguins to launch a dedicated Solana validator. SOL Strategies’ validator program offers white-label infrastructure solutions and enables key partners to contribute to network security while earning staking rewards.

On March 20, digital asset and crypto fund management firm Canary Capital filed an S-1 registration with the US SEC for an ETF investing directly in Pudgy Penguins NFTs and the PENGU meme token. The proposed ETF would be the first in the United States to hold NFTs directly.

PENGU is a meme coin launched by the creators of Pudgy Penguins on the Solana blockchain with plans to expand to Ethereum and other ecosystems.

At the time of writing, PENGU trades at $0.005191. It is up 4.1% in a day, 2.8% in a week, and 26% in a month.

It has decreased by 18% in a year. The coin hit its all-time high of $0.06845 in December 2024, dropping 92.4% since.

Meanwhile, in March this year, First Digital, the group behind the FDUSD stablecoin, announced a strategic partnership with Ledger Enterprise TRADELINK, Ledger’s off-exchange, to enable global market makers, institutional investors, and asset managers to leverage FDUSD for off-exchange settlements.

In April, Ledger announced that Layer-1 blockchain Sui is live on Ledger Live Mobile. This move allows users to send, receive, and manage SUI coins “on the go.”