PENGU Crypto Price: Pudgy Penguins Hits New All-Time High — But the Rally Might Be Far From Over!

Jakarta, Pintu News – The price of Pudgy Penguins (PENGU) surged to an all-time high after its trading volume on Upbit officially surpassed Dogecoin (DOGE).

Citing Coinagpe’s report, this trend shows that Korean traders are starting to turn their attention to this rising meme coin.

PENGU price hits new record high as trading volume surges

PENGU’s price has recorded a new record high of $0.0455, indicating that market momentum towards the token continues to strengthen. This surge coincides with PENGU’s trading volume surpassing that of DOGE on Upbit, South Korea’s largest crypto exchange.

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Data from the derivatives market also highlights this. According to Coinglass, open interest for PENGU increased sharply by 54% in just 48 hours, rising from $426 million to $657 million.

With funding rates remaining positive, this indicates that the majority of traders expect PENGU prices to continue to rise.

Currently (28/7), PENGU is trading at around $0.044-slightly down from its previous record high of $0.046-after recording a daily gain of almost 20%.

Analysts predict that if investor demand continues to be strong, PENGU could potentially break that high in the near future.

Crypto analyst says crypto gains can still rise up to 200%

Based on data from Lookonchain, PENGU’s daily trading volume has now surpassed DOGE on Upbit, the largest crypto exchange in South Korea. This surge in trading activity has seen the price of PENGU jump dramatically.

Despite the significant surge, PENGU’s market capitalization is still only about 1/13th that of DOGE, indicating that the token still has great growth potential. According to market observers, Korean traders are not only buying, but also continuing to accumulate PENGU consistently, reinforcing the bullish sentiment towards this asset.

Renowned analyst Cas Abbé also voiced a positive view on PENGU, highlighting that the token had previously provided the community with a $1.5 billion airdrop, then fell by 90%, before bouncing back to set a new record high price.

Abbé predicts that PENGU is still likely to rise 150% to 200% in the next few months, especially if enthusiasm for the potential of project-related ETFs continues to grow.

NFT Boom Drives PENGU Rally

Another factor that contributed to PENGU’s price increase was the growth of the Pudgy Penguins NFT ecosystem. Weekly NFT sales increased by 41% to reach $221.5 million, with the Pudgy Penguins collection taking third place with total sales of $8.8 million.

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PENGU’s popularity has also skyrocketed along with the soaring sales of NFTs on the Ethereum network, which reached $157.6 million. The project has gained more public trust thanks to its partnerships with well-known companies such as Lufthansa and NASCAR, which has attracted the interest of both retail and whale investors.

Throughout July, whales increased their PENGU holdings by 1%, despite the movement of $66.6 million worth of tokens moved to exchanges. Meanwhile, the global crypto market capitalization rose by 1.59%, reflecting the return of risk appetite from investors.

Recently, the PENGU holder community has now exceeded 868,000 people, signaling significant ecosystem growth.

Recent activity has also made PENGU the week’s best performing asset among the top 100 cryptos, reflecting growing interest from both retail and institutional investors.

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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:

• Coingape. PENGU Price Hits All-Time High as It Flips DOGE in Upbit Trading Volume. Accessed on July 28, 2025