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crypto.news 2025-05-08 10:52:43

PENGU rallies over 25% ahead of Pudgy Penguins NFT boom

PENGU rallies over 25% ahead of Pudgy Penguins NFT boom

Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins ( PENGU ) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana ( SOL )-based meme coins, rising by over 28.6%. In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in seventh place, with a market cap that stands at more than $883 million. According to data from crypto.news, the Pudgy Penguins token has gone up by 25.7% in the past 24 hours. It is currently trading hands at $0.014. The last time it managed to reach $0.014 was back in February 2025, before it began to move lower, ultimately hitting its all-time low at $0.0037 on April 9. PENGU price chart | Source: crypto.news You might also like: PENGU price spikes as Pudgy Penguins NFT sales jump However, it has since recovered from its lowest level within a month’s time, bouncing as high as 282%. Its daily trading volume has also seen a 70% surge compared to the previous day, hitting $317 million. It is possible that PENGU’s recent rally is a result of an increase in its NFT floor price. According to CoinGecko , the floor price for Pudgy Penguins has jumped by 3.5% to 12.10 ETH ( ETH ) per NFT piece. Similar to its token performance, the NFT’s floor price has gone up by more than 20.4% in the past two weeks and rose by 32.9% in the past month. According to data on Crypto Slam, its NFT sales have seen modest gains. In the past 24 hours, its sales have jumped by 8% to $180,233. So far, there have been nine purchases, increasing by 12% compared to the previous day. At press time, there are a total of 5,004 Pudgy Penguin NFT holders, with an average hold period of 106.9 days. You might also like: Over 72% of PENGU holders dump all tokens immediately after launch Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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