If you’ve heard about a token called “PENGUINS” on Base and are trying to verify the contract 0x64ceef1b21d840d1d137ad508047401f93cbd543, here’s the short version: our research did not find a recognized, verified token at this address on Base at the time of writing. That means you should treat anything using this name and address with extra caution and verify thoroughly before interacting.

What we found

• No verified token match on BaseScan: A direct lookup of the address on BaseScan did not surface an identifiable or verified “PENGUINS” ERC-20 on Base. That’s a red flag until proven otherwise.
• Name confusion is likely: The best-known “penguin” brand in crypto is Pudgy Penguins, an Ethereum NFT collection. Their official ecosystem token is PENGU (symbol: PENGU), not “PENGUINS,” and it launched on Solana first, then expanded to Ethereum. It is separate from anything on Base using “PENGUINS.”
• PENGU (not PENGUINS) market context: As of early October 2025, PENGU registers significant activity (roughly multi-billion market cap and large daily volumes). This popularity often inspires copycats on other chains, which is why you’ll see look‑alike tokens on Base. Always verify contract addresses—names and tickers are easy to imitate.

How look‑alike tokens appear on Base

Base is a high‑throughput Layer 2 where meme tokens launch daily. It’s common to see:

• Tokens using familiar brand names or tickers (e.g., “PENGU,” “PENGUINS”) that are unaffiliated with the original project.
• Disclaimer-labeled clones that openly say they’re “not affiliated.”
• Contracts that have limited metadata, aren’t verified, or change parameters post‑launch.

None of this automatically proves a scam—but it does mean you should slow down and validate.

A quick verification checklist

Before you buy, do this due diligence:

1. Confirm the contract on BaseScan

   • Check the exact address on BaseScan.
   • Look for verified source code, proper token metadata (name, symbol, decimals), and contract creation history.

2. Holder distribution and mint controls

   • Review top holders. A highly concentrated supply among a few wallets increases rug risk.
   • Check if the owner can mint more tokens or blacklist addresses.

3. Liquidity health

   • See if liquidity is locked or burned. Unlocked LP means liquidity can be pulled.
   • Identify the primary pool (e.g., on Base DEXs) and watch for sudden adds/removals.

4. Trading safety checks

   • Scan for obvious traps: high buy/sell taxes, transfer limits, or trading-disabled states.
   • A “honeypot” is a token you can buy but not sell. Use tools that run simulated swaps.

5. Team, socials, and branding

   • Official links should match across Twitter, website, Telegram, and GitHub.
   • Beware of sites mimicking reputable brands (Pudgy Penguins, exchanges, wallets).

Monitoring and where trading typically happens

Given the uncertainty around this address, you might mainly be in “monitor only” mode. If you do choose to explore price/liquidity data or trade later on, use reputable trackers and DEX routes on Base:

• Trackers and analytics:

  • GMGN.AI: dedicated token page for this address is available at https://gmgn.ai/base/token/fV1R5sZ5_0x64ceef1b21d840d1d137ad508047401f93cbd543
  • Dexscreener: real-time pair and price discovery for Base pairs
  • GeckoTerminal: charting and liquidity snapshots

• Common Base DEX venues:

  • Uniswap on Base
  • Aerodrome

Important: listing on a tracker does not equal legitimacy. Always double‑check the contract, LP status, and taxes before a swap. Test with a very small amount first, set a reasonable slippage, and confirm the expected output before signing.

Using GMGN.AI to de-risk meme trading

GMGN.AI offers a fast, meme‑coin‑centric workflow across chains (Base included):

• Smart money tracking: watch what top wallets are buying/selling to detect momentum early.
• Real-time analytics: price, volume, holders, and key liquidity changes updated quickly.
• Security checks: flags for honeypots, unusual taxes, or suspicious permissions.
• Optional automation: if you use their Telegram bot, you can mirror strategies and automate orders.

For this specific address, you can start by reviewing the live page here:

• PENGUINS on GMGN.AI: https://gmgn.ai/base/token/fV1R5sZ5_0x64ceef1b21d840d1d137ad508047401f93cbd543

Use these tools as signal, not certainty. If something looks off (unverified contract, odd trading behavior), step back.

PENGUINS vs. Pudgy Penguins’ PENGU: the key differences

• Name and ticker: PENGUINS (unverified on Base at this address) vs. PENGU (official ecosystem token for Pudgy Penguins).
• Chains: PENGU launched on Solana and expanded to Ethereum; PENGUINS here is purportedly on Base and not officially recognized.
• Branding and affiliation: Only trust links and announcements from the official Pudgy Penguins website and verified social handles.

Practical steps if you already hold the token

• Confirm you can sell a small portion to test for honeypot behavior.
• Check your allowances on the token and router; revoke if you see anything suspicious.
• Monitor LP changes and top-holder movements closely.
• If liquidity looks fragile or dev wallets are distributing heavily, consider reducing exposure.

Bottom line

• Our research did not find a verified “PENGUINS” token at 0x64ceef1b21d840d1d137ad508047401f93cbd543 on Base.
• The most likely scenario is confusion with Pudgy Penguins’ PENGU token on other chains or an unrelated look‑alike on Base.
• If you engage at all, do strict on‑chain verification, start with tiny sizes, and use reputable analytics tools. Trackers like GMGN.AI, plus Base DEXs such as Uniswap and Aerodrome, can help you monitor activity—but they are not endorsements of token legitimacy.

Not financial advice. Crypto assets are volatile and can result in total loss. Always do your own research and verify contract addresses before interacting.