crypto.news 2025-04-25 17:57:54

PENGU price spikes as Pudgy Penguins NFT sales jump

The Pudgy Penguins token has bounced back this week, soaring to its highest level since February as its NFT sales have jumped. Pudgy Penguins ( PENGU ) price soared to a high of $0.010, up over 167% from its lowest level this month. This rally occurred in a high-volume environment, with the 24-hour trading volume rising by 500% to $372 million. Its market cap has also climbed to $576 million. The rally came amid the ongoing surge among Solana meme coins . Most of these tokens have jumped, bringing their combined market cap to over $10 billion. Data shows that Pudgy Penguins’ NFT sales are also soaring. Sales rose by 400% in the past 24 hours to $436,000, making Pudgy Penguins the fourth most popular collection after DMarket, Panini America, and Guild of Guardians Heroes. The number of Pudgy Penguins transactions jumped by 380% to 24, while buyers increased by 400% to 15. You might also like: As Bitcoin and altcoin prices rise, should you sell in May and go away? However, the longer-term trajectory of these sales remains weak. Sales have dropped by 11% over the past 30 days to $6.76 million. At its peak, Pudgy Penguins used to record millions of dollars in daily sales, which explains why its cumulative sales have reached $620 million. PENGU price analysis Pudgy Penguins price chart | Source: crypto.news The four-hour chart shows that the PENGU price has been in a strong bullish trend this week, reaching a two-month high of $0.010. This level is also notable because it coincided with the 78.60% Fibonacci Retracement level. The token remains above the key resistance level at $0.0075, its highest level on March 20 and the 50% retracement point. It has remained above the 50-period moving average. However, the coin has become extremely overbought. The Relative Strength Index has jumped to over 80, while the Percentage Price Oscillator has surged. Therefore, the token is likely to experience a pullback and retest the support at $0.0075, after which it could resume its bullish trend. A move above the resistance point at $0.010 would signal further gains, potentially pushing the price toward the year-to-date high of $0.0115. You might also like: Here’s why Dogwifhat, Jupiter, Zerebro, Popcat coins are going up

Related News

Ethereum Price Prediction 2025, 2026 – 2030: ETH B...
28 Apr 2025
Polymarket Make Bets on Mark Carney Victory as Can...
28 Apr 2025
Bitcoin Dips as Tech Stocks Slip Ahead of Earnings
28 Apr 2025
Bitcoin Price Prediction 2025, 2026 – 2030: When W...
28 Apr 2025
Bitcoin’s Price Future May Rely on Liquidity Suppo...
28 Apr 2025
Tether Verifies 7.7 Ton Gold Cache as XAUT Surges...
28 Apr 2025

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

PENGU price spikes as Pudgy Penguins NFT sales jump

Most Read News

Related News