Pudgy Penguins’ PENGU token earned a high-profile presence on the Formula 1 circuit after winning the Kraken x Williams Racing meme coin trading contest.
The competition, judged solely on trading volume on Kraken’s exchange, saw PENGU triumph with more than $21.4 million traded, edging out rivals Dog (DOG) and Bonk (BONK).
This victory awards Pudgy Penguins the unique opportunity to display its mascot on Williams Racing’s FW47 car during the Singapore Grand Prix, where speeds exceed 200 mph.
The trading contest brought several meme coins head-to-head in a race measured by volume over 32 “laps.”
Kraken’s platform became the battleground, with traders rallying behind their favourite tokens.
Pudgy Penguins not only led in volume but also gained ongoing exposure through Kraken’s partnership with Williams Racing.
The exchange praised PENGU’s community for consistently driving trade during the event, highlighting that the win secured prominent branding space on one of F1’s fastest cars.
The collaboration will see the Pudgy Penguins mascot featured on the Atlassian Williams Racing FW47 throughout the Singapore Grand Prix weekend.
This move marks a growing intersection between Formula 1 and the crypto world, giving PENGU a dynamic platform to reach global audiences.
As the car hurtles around the Marina Bay Street Circuit at over 200 mph, Pudgy Penguins’ branding will be highly visible, merging digital culture with high-speed motorsport.
PENGU’s recent market activity reinforces the excitement generated by the Kraken showdown.
Over the past 30 days, the token recorded gains of 55.1%, despite a brief 11.8% dip in 24 hours.
The price has since stabilised, showing modest gains over the last week.
Technical analysis points to PENGU forming a bullish pennant pattern, with a potential breakout above $0.0395–$0.0400 likely to trigger further upward movement towards the $0.045 and $0.050 levels—representing 25% and 39% increases from the current price near $0.036.
Recent additions of PENGU to prominent exchanges further improve access and liquidity.
Latin America’s Ripio exchange now offers PENGU trading pairs, opening doors to a growing regional market.
Similarly, Arkham exchange began supporting PENGU spot and perpetual contracts from 9 August, broadening trader options and strengthening the token’s position internationally.
Beyond the token itself, the Pudgy Penguins NFT collection continues to perform well.
Ranking fourth in 24-hour NFT sales with $1.01 million volume, the collection recorded 16 transactions involving 12 buyers and 12 sellers, with sales up 44% and transaction count rising 45%.
Weekly figures show the collection in fifth place with $5.72 million in sales across 100 transactions, maintaining steady buyer and seller interest.
With the Kraken contest win and a high-profile display on the Williams Racing car, PENGU is positioned for increased recognition within both crypto and motorsport communities.
The partnership offers ongoing visibility during one of F1’s most watched events, while trading activity and technical setups hint at potential price gains ahead.
As the paddock welcomes this blend of meme coin culture and racing prestige, PENGU’s journey from crypto niche to mainstream attention accelerates sharply.
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