Pudgy Penguins CEO Luca Netz posted a cryptic message featuring a pair of eyes, a penguin, a building, and an arrow pointing to the word “SOON,” prompting traders and community members to read it as a signal that the company may be moving ahead with an IPO plan. The post did not include any written explanation, but the market treated it as a possible hint tied to a future public listing.
Following the post, PENGU rose more than 17% on the day. With broader market conditions also improving, the token’s gain over the past week exceeded 66%. Community members interpreted the building in the image as a stock exchange and summarized the message as a sign that “the penguin” could be going public soon.
Netz had previously said in a 2025 interview that he hoped to take the company public before 2027. That earlier comment added weight to the market’s latest reading of the post, even though no direct statement on listing plans was included in the tweet itself.
ChainCatcher reported that Pudgy Penguins CEO Luca Netz posted a cryptic message showing a pair of eyes, a penguin, and a building, followed by an arrow pointing to the word “SOON.” The post included no written explanation, but the market read it as a hint that the company may be advancing an IPO plan.
PENGU rose more than 17% on the day after the post. Supported by an improvement in the broader market, the token is also up more than 66% over the past week.
Community members interpreted the building in the post as a securities exchange and took the overall message to mean: “Look, the penguin is going public soon.”
Netz had said in a 2025 interview that he hoped to achieve a public listing for the company before 2027.
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