PENGU posted sharp gains after Pudgy Penguins CEO Luca Netz shared a cryptic social media post on Aug. 23. The message featured a pair of eyes, a penguin, a building and an arrow labeled 「SOON」, without any written explanation. Even so, the market took it as a hint that the company may be moving ahead with a public listing plan. According to Odaily, PENGU rose more than 17% on Aug. 23 alone, and its gains for the past week exceeded 66% as broader market conditions also improved. Community members interpreted the building in the post as a stock exchange and summed up the message as 「look, the penguin is going public soon.」 Netz had previously said in a 2025 interview that he hoped to take the company public before 2027. The post did not explicitly mention an IPO or any formal listing process.
PENGU climbed more than 17% on Aug. 23 and is up more than 66% over the past week after a cryptic post from Pudgy Penguins CEO Luca Netz fueled fresh listing speculation, according to Odaily.
On Aug. 23, Netz posted an image-based message containing a pair of eyes, a penguin, a building and an arrow marked 「SOON」. The post included no written explanation. Even so, traders and community members read it as a signal that the company could be moving ahead with plans to go public.
Odaily said the market interpreted the post as a hint tied to a listing plan. The token’s gains on the day were followed by a broader weekly advance as the wider market also improved.
In community discussions, the building shown in the post was interpreted as a securities exchange. Users summarized the message as 「look, the penguin is going public soon.」
Netz had previously said in a 2025 interview that he hoped to take the company public before 2027.
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