If you're exploring meme coins on the Base blockchain, you've probably stumbled upon the PENGUIN (Based Penguin) token. This guide offers a clear breakdown of what the token is, how it works, its unique features, how you can trade it, and what to be cautious about in this fast-evolving segment of crypto.

What is PENGUIN (Based Penguin)?

PENGUIN (also sometimes labeled "Based Penguin") is a meme-inspired cryptocurrency deployed on the Base network, a Layer-2 blockchain built on Ethereum. Its contract address is 0xf8e76b87ca61d9ecdada87393ab4864c6b3de479.

It’s crucial to not confuse this token with Pudgy Penguins (PENGU)​ on Solana and Ethereum or other similarly named penguin tokens. The Base-chain PENGUIN is an independent project with no official links to the well-known Pudgy Penguins NFT collection or its tokens.

Token Details at a Glance

• Symbol: PENGUIN
• Blockchain: Base (Ethereum Layer-2)
• Standard: Likely ERC-20
• Contract Address: 0xf8e76b87ca61d9ecdada87393ab4864c6b3de479
• Total Supply: 1,000,000,000 tokens
• Number of Holders: 42 (as per latest data)
• Decimals: Not specified, but ERC-20 tokens often use 18 decimals

Nature and Purpose

PENGUIN is best described as a memecoin—a crypto token riding on community energy, humor, and viral branding, rather than concrete use cases or deep technology. It may have been created for fun, as an experiment, or to spark a niche community, with no official website, whitepaper, or public social channels currently verified.

In this sense, PENGUIN shares traits with other animal-themed tokens but doesn’t inherit the brand power or ecosystem of established penguin-themed tokens like Pudgy Penguins on Solana.

How Base Makes Things Different

The Base blockchain is an Ethereum Layer-2 developed by Coinbase. This network is designed for low fees, high speed, and seamless compatibility with the Ethereum mainnet. Gas fees for PENGUIN transactions are paid in Ether (ETH), but they’re typically much lower than on the main Ethereum network—making meme coins and experimental tokens like PENGUIN easier (and cheaper) to move and trade.

Market Performance & Trading Insights

Current Stats

• Latest Price: Reported to be close to $0.00 or under $0.001 (some tracking sites may show conflicting data; always check the contract address directly)
• 24-Hour Volume: $0.00 (very limited market activity)
• Holder Count: 42
• Historical Volatility: There are records of rapid price swings, but currently, the token sees little to no trading.

This ultra-low activity suggests the token is either very new, community-driven with small reach, or simply not actively promoted. Be aware that some token aggregators may incorrectly show the price as if it’s listed on other chains (like Solana); always verify you’re interacting with the Base contract address.

Where to Trade PENGUIN

Despite low activity, you can monitor and potentially trade PENGUIN on platforms that support the Base blockchain. For example:

• Bitget Wallet lists the token—connect a compatible wallet to view or swap.
• Uniswap and BaseSwap are popular decentralized exchanges (DEXs) where Base tokens may be traded, provided there’s liquidity.
• For an advanced experience—tracking, analytics, and secure trading—consider GMGN.AI’s PENGUIN token dashboard alongside these other platforms.

Tip: Always double-check the contract address before trading or interacting with any token to avoid scams or impersonators.

How Is PENGUIN Different from Other Penguin Tokens?

• No official ties: It is not affiliated with Pudgy Penguins or Emperor DEX’s Penguin (PEN) token.
• Limited visibility: Unlike Pudgy Penguins (PENGU) on Solana with billions in market cap and vibrant communities, this Base-chain PENGUIN token has minimal presence.
• No public roadmap: There’s no available documentation or development roadmap—so all claims of use-case or community should be viewed as speculative.

Technical and Security Considerations

As with any newly launched or obscure meme token, there are several risks to consider:

• Smart contract safety: No formal audits are documented. If the contract is unverified, there’s always a risk of bugs or malicious code.
• Potential for rug pulls: Anonymous or low-activity tokens can sometimes be traps where liquidity is withdrawn suddenly.
• Lack of liquidity: With very few holders and trades, selling or buying large amounts could result in price swings or slippage.
• Copycat risks: Multiple “penguin” tokens exist across chains; use only the verified contract address.

Recommendations and Best Practices

• DYOR (“Do Your Own Research”): Never invest based solely on hype or token names. Look for community, development activity, and transparency.
• Stay updated: Monitor BaseScan for real-time info about transactions and holders.
• Prioritize security: Only interact with tokens through well-known wallets and platforms, and avoid sending funds directly to contracts unless you’re sure.
• Watch for growth: If the project releases a website, whitepaper, or social channels, it may signal an increase in legitimacy.

Final Thoughts

PENGUIN (Based Penguin) on Base is an example of how meme coin culture is expanding into new chains. It stands out by name but currently doesn’t offer the ecosystem, trading activity, or community backing seen in top-tier meme coins. If you’re intrigued, keep a close eye on updates, exercise caution, and never risk more than you can afford to lose.

Ready to explore further? Start tracking and trading PENGUIN with comprehensive analytics on GMGN.AI, and remember to always verify you’re using the right contract and reputable platforms.