PENGU Crypto Price: Pudgy Penguins Explode in Price Again… Could a New Record Be Next?

Jakarta, Pintu News – Pudgy Penguins (PENGU) is making a comeback in the crypto market. In the last 24 hours (22/7), its price surged by 17%, approaching its all-time record high.

Interestingly, the deployer wallet behind PENGU transferred 1.5 billion tokens to a centralized exchange last week, sparking fears of a potential dump.

However, the opposite was true. The price of PENGU has soared, and the floor price of NFT Pudgy Penguins has increased by 16%.

Let’s take a look at some charts to see where PENGU is headed next.

PENGU Crypto Price: Up 17.44% in 24 Hours

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On July 22, 2025, the PENGU crypto price recorded a 17.44% increase within 24 hours, trading at IDR599.4. PENGUc rypto had its lowest level at IDR510.4 and its highest level at IDR651.6.

At the time of writing, Pudgy Penguins’ market cap stands at around $2.3 billion, with trading volume rising 190% to $2.27 billion within 24 hours.

Pudgy Penguins NFTs Soar

According to CCN, Pudgy Penguins currently ranks as the second largest NFT by market capitalization and fifth by floor price.

This NFT has surpassed Bored Ape Yacht Club and is only behind Cryptopunks.

Interestingly, Lil Pudgys – which is an NFT derived from Pudgy Penguins – is now in seventh place by market capitalization. This is quite surprising considering that Lil Pudgys were originally distributed for free (airdrop) to Pudgy Penguins owners, similar to the distribution of PENGU coins.

Following in the footsteps of its parent NFT, Lil Pudgys has even surpassed Mutant Ape Yacht Club in terms of market performance. Lil Pudgys’ base price is a testament to Pudgy Penguins’ dominance in the current NFT market.

Pudgy Penguins Ownership Gets More Decentralized

Furthermore, the number of Pudgy Penguins NFT owners has now reached a record high of 4,879. With a total supply of 8,888 NFTs, each owner owns around two Pudgy Penguins on average.

In comparison, in July 2022 there were only about 1,500 owners, which means an average of five NFTs each.

While the largest owner currently has 594 NFTs, only four owners (including the largest) have more than 51 Pudgy Penguins NFTs.

Since February, Pudgy Penguins’ base price has continued to stay below 10 ETH and traded fairly steadily. However, an upward trend has started in the past two weeks, pushing the Pudgy Penguins base price to the current 16.57 ETH.

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Although it is still far from the all-time record high of almost 34 ETH, this positive trend could signal the beginning of the next upswing.

Will Crypto PENGU Break a New All-Time High?

Although PENGU prices have experienced a significant surge since July, it is possible that a local top may soon be reached.

PENGU started its upward movement in a five-wave pattern since June 22 and is currently in the fifth and final wave.

The appearance of a symmetrical triangle pattern in the fourth wave confirms that this wave count is valid. Since the third wave is already extended, the lengths of the first and fifth waves are likely to be similar.

If this is true, then the current PENGU price has touched a local peak and will experience a correction in the near future. However, the long-term price projection for PENGU remains bullish (positive).

PENGU is expected to be in a long-term third wave, which will be followed by a short-term correction. In other words, the projected local top is only a temporary dip before the uptrend resumes.

While PENGU’s all-time high on Binance was $0.070, this was due to a long upper wick on the first day of listing.

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A more realistic all-time high would be $0.045, which is only about 20% away from the current price.

Having said that, the fifth wave is likely to push PENGU prices towards new record highs, with targets in the $0.058 range, based on the 1.27 Fibonacci external retracement of the previous decline.

New Record Highs on the Horizon

Overall, Pudgy Penguins continues to exceed expectations in both the NFT and token markets, with the PENGU price edging closer to an all-time record high.

Despite the potential for a local top in the near term, the long-term trend remains positive (bullish), signaling continued upside potential.

As the momentum increases, NFTs and Pudgy Penguins tokens will most likely continue to appreciate in value.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Pudgy Penguins (PENGU) Price Rallies Again – All-Time High Only 20% Away. Accessed on July 22, 2025