The NFT brand Pudgy Penguins has initiated a strategic partnership with Nasdaq-listed Sharps Technology to explore the integration of non-fungible tokens (NFTs) into on-chain treasury strategies. This development marks a significant step for Pudgy Penguins as it seeks to expand its influence beyond the Web3 space.
Collaboration with Sharps Technology
- The partnership aims to merge NFTs with institutional funds.
- Sharps’ Solana-based treasury network will enhance cross-chain interactions and capital efficiency.
- PENGU token rose by over 2% following the announcement.
The collaboration signals a shift for Pudgy Penguins, moving from its original NFT culture to becoming a recognized player in blockchain and digital finance. The partnership with a publicly traded company underscores Pudgy Penguins’ evolution towards a more structured cryptocurrency entity with institutional relevance.
🚨NEW: @pudgypenguins has partnered with Nasdaq-listed Sharps Technology to integrate its $400M+ @Solana-based digital asset treasury with the Pudgy brand. The collaboration aims to connect NFT culture with institutional finance and expand access to onchain asset management. pic.twitter.com/SvqvDMA7XI
— SolanaFloor (@SolanaFloor) October 10, 2025
Sharps Technology Enhances PENGU Ecosystem
Sharps Technology has quickly gained traction due to its strategic transition from the medical field to blockchain, establishing a notable on-chain treasury platform on Solana. The Sharps treasury platform promises capital efficiency, automated treasury management, and real-time visibility, crucial for transforming how Web3 projects manage funds.
The collaboration enables Sharps Technology to tap into the dynamic and expanding NFT marketplace through Pudgy Penguins, while PENGU benefits from streamlined and scalable financial support. This strategic alliance enhances Pudgy Penguins’ existing intellectual property by linking it with Sharps’ blockchain treasury capabilities, potentially paving the way for other NFT projects looking to revolutionize financial management with decentralized tools.
Pudgy Penguins Expands Web3 Utility Beyond NFTs
Launched in July 2021 as an Ethereum-based NFT collection of 8,888 unique avatars, Pudgy Penguins has swiftly become a recognizable brand in the NFT space. Under the acquisition by entrepreneur Luca Netz in 2022, the brand has focused on building a mainstream Web3-native identity.
This strategic shift has led to numerous initiatives in both retail and digital sectors, including physical merchandise and launching Pudgy World, an interactive virtual experience designed to foster community engagement. In 2024, Pudgy Penguins introduced its native token, PENGU, featuring cross-chain compatibility, governance functionality, and a deflationary staking model aimed at increasing long-term value.
Today, the partnership with Sharps Technology signifies a crucial milestone in Pudgy Penguins’ ongoing strategy to deepen Web3 integration and enhance institutional connectivity. By leveraging Sharps’ digital asset tools, Pudgy Penguins aims to broaden its financial and technological infrastructure within the Solana network.
PENGU Price Outlook
As cryptocurrency markets traded in the red, with Bitcoin struggling to remain below $122,000, Pudgy Penguins’ native token seemed to lead a recovery with over a 2% increase in value following updates from Sharps Technology, now trading at $0.03160.
PENGU shows signs of a bullish reversal after weeks of consolidation, establishing a reliable support barrier at $0.027, which has prevented further declines since September. Buyers are currently targeting the nearest resistance between $0.034 and $0.035, a critical zone that had previously served as both support and resistance in mid-September.
Breaking through this barrier could lead to increased buying pressure and support rallies towards $0.38. PENGU may target $0.044, representing an approximate 40% increase from the current market price. However, broader market sentiment will influence PENGU’s price trajectory. Prolonged weakness may delay the anticipated rally, while recoveries could propel the meme coin’s resurgence.
In the meantime, psychological levels around $0.03 remain crucial. Losing this level could push PENGU down to the anchor point of $0.027, necessitating buyers to maintain their positions above this support to avoid severe downturns and extended sideways movements.
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