priced in california
water, not sol

Every other memecoin is priced in SOL. This one is priced in water.

On ICE Market a coin launches against a commodity instead of SOL. PENGUIN launched against H2O, which tracks the Nasdaq Veles California Water Index — the benchmark price for water rights traded in California, quoted per acre-foot.

An acre-foot is 325,851 gallons: enough to cover an acre of land a foot deep, or supply two California households for a year. It trades today at $450.00.

So the exchange rate is a real one, not a metaphor. One PENGUIN is 0.0000000431 of an acre-foot, which works out at 1.796 fl oz. Roughly a shot glass of water rights. It moves when water moves.

California WaterH2O

Holders are paid in water, not dollars.

Half of every trading fee goes to the people holding PENGUIN, and it arrives denominated in H2O.

You are not paid a share of revenue in a stablecoin. You are paid in the commodity the market is priced against. Payouts run on a schedule and land in your wallet on their own — nothing to stake, nothing to claim.

1.2017 H2O has been paid out to holders so far, about $541 of California water.

First community token to graduate on ICE Market.

A coin starts on a bonding curve. It graduates when enough has been bought to fill that curve.

At that point the liquidity moves to a permanent pool and can never be withdrawn — not by the creator, not by the protocol. PENGUIN launched on 17 September 2026 at 19:38 UTC against H2O with a 2% trading fee, and filled its curve the same day at a $35,000 market cap.

Where to buy.

PENGUIN trades on ICE Market against H2O, and on any Solana router that reaches the pool.

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