Snipers Get Sniped: Fake $PENGU Contracts attract SOL as Anticipation Reaches Fever Pitch

The excitement surrounding the anticipated launch of $PENGU, the token tied to the Pudgy Penguins ecosystem, has led to a chaotic frenzy—complete with opportunistic scammers. Recently, reports have emerged of traders losing significant amounts of SOL to fake $PENGU contracts. Eager snipers, looking to gain an edge by front-running the coin’s launch, likely fell victim after hastily copying and pasting an address into their sniper bots without verifying the contract

How Did Snipers Get Sniped?

The situation unfolded as excitement around the potential $PENGU coin reached fever pitch. In anticipation of its launch, traders use sniper bots, tools used to automatically buy tokens the moment they appear on-chain. Scammers exploited this by deploying fake contracts under the $PENGU name, hoping to lure traders into sending funds to wrong contracts.

Instead of verifying the legitimacy of the contract, some traders simply copied the address they thought belonged to $PENGU and set their sniper bots to fire. As a result, SOL would have been lost, serving as a harsh lesson to double-check token contracts—especially in high-hype launches.

This was first seen by @MrSchmek on Twitter (X) who is a brave warrior penguin looking out for the community.

The Anticipation for $PENGU

The anticipation surrounding $PENGU has reached unprecedented levels. With major exchanges racing to secure liquidity and prepare for trading, there is intense interest from retail and institutional participants alike. Rumors suggest the coin could debut with a 5-10 billion FDV (Fully Diluted Valuation). However, with low initial liquidity and insatiable demand expected, $PENGU’s market cap could easily quickly soar to the 10-20 billion range.

This environment creates an opportunity—but also significant risks. Traders looking to enter during the token’s volatile launch window should exercise caution, especially when using leverage. High demand and limited supply can lead to extreme price swings, liquidations, and potential losses.

Why Diamond-Handed Pudgy Holders Won’t Sell

For holders of Pudgy Penguins NFTs, there’s little incentive to sell. The Pudgy Penguins ecosystem has had an incredible year, with record-breaking success across multiple verticals. Despite operating on a relatively tight budget, the team has achieved significant milestones:

• Billions of impressions across social media

• Licensing deals with major brands

• Pudgy Toys hitting shelves in Walmart, Target, GameStop, and Walgreens

• The introduction of Pudgy World and their upcoming Layer 2 chain, Abstract Chain

The Pudgy Penguins team, led by Luca Netz, has proven its ability to execute on ambitious plans while delivering value to both holders and the broader Web3 space. The launch of $PENGU is expected to serve as a major catalyst for the brand, providing them with a treasure chest of funds to unlock even bigger opportunities.

Pudgy Penguins: Unmatched Vibes and Immaculate Community

At the heart of Pudgy Penguins’ success lies its community, widely regarded as one of the most positive and loyal in the NFT space. Whether online or at IRL events, the “vibes” within the Pudgy community remain unmatched. This strong culture of support and engagement has cemented Pudgy Penguins as a frontrunner in Web3, with many seeing $PENGU as the next logical evolution for the brand’s growth.

Final Thoughts: A Word of Caution

While the $PENGU hype is real, traders must approach the launch with caution. Stories of snipers getting sniped serve as a clear warning: verify contracts, avoid blind speculation, and be wary of leverage trading in a low relative supply and high-liquidity environment.

For Pudgy Penguins holders, this token launch represents far more than a financial event—it’s the next step in a roadmap driven by vision, execution, and community. With a team attacking multiple verticals and a brand that resonates far beyond crypto, the Pudgy Penguins ecosystem is poised for continued success.

As excitement builds, one thing is certain: $PENGU could be a game-changer—and those who underestimated the Penguins may soon find themselves looking up at the sky.

Best Security Practices for Avoiding Scams

As anticipation around $PENGU and similar launches continues to grow, it’s critical to follow best security practices to protect your funds:

1. Verify URLs: Always double-check website URLs multiple times. Look at the SSL certificates (a padlock icon in the browser bar) and ensure the site’s content and navigation look normal. If anything feels off, the site may be compromised or a phishing attempt.

2. Start from Official Sources: Visit the official Twitter page with a yellow verification checkmark or other trusted icons. Avoid links from random tweets, Telegram groups, or Discord servers, as scammers often impersonate official accounts.

3. Check Twitter Handles Carefully: Examine the spelling of the account name. Scammers often use odd characters (like “ꜱ” instead of “S” or “rn” to mimic “m”). A small detail can indicate a fake account.

4. Inspect Before Connecting Your Wallet: Never connect your wallet to a site unless you’ve verified its authenticity. This step alone can prevent malicious actors from draining your funds.

By following these precautions before you connect your wallet or approve any transaction, you’ll significantly reduce the risk of falling for scams and ensure you’re safely navigating high-demand launches like $PENGU.

This article was advised by Rhone Bridge  🌊🌉

Led by Pudgy Penguin Captain PURU Rhone Bridge is a group of trusted and very experienced Swiss based organisation in marketing, security, and technical Web3 advisory. Your partner for innovative, secure, and effective solutions in the crypto, web3 and blockchain space.

Visit: rhonebridge.com for more information or check out Captain PURU Linktree to see what he's building with $PENGU