Pudgy Penguins Join Forces with Manchester City — Will PENGU Prices Take Off?

Jakarta, Pintu News – Pudgy Penguins (PENGU) has just announced a partnership with English Premier League club Manchester City. The collaboration brings exclusive collections and merchandise to fans of both brands.

So, how did PENGU’s price move after the announcement of this latest partnership?

Pudgy Penguins announce partnership with Manchester City

According to reports, this latest partnership combines NFT artwork from Pudgy Penguins with Manchester City’s global reach. The limited edition products will combine elements of digital art with physical goods.

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More information on the launch date and how to obtain them will be announced in the near future. This announcement is aimed at generating excitement among Pudgy Penguins collectors and Manchester City supporters alike.

As of January 19, the PENGU token was trading at around $0.01027. The price is slightly above the 20-day exponential moving average (EMA), but still below the 50-day EMA.

In the last 30 days, the token has recorded a gain of between 30% and 50%. Its market capitalization stands at around $700 million, placing it in the top 80 tokens by market size.

Daily price movements have been relatively stable in the low to mid single digits. However, when viewed over the past 90 days, its performance has still recorded a decline compared to its peak in 2024.

Extended Regulation Schedule

The US Securities and Exchange Commission (SEC) postponed its decision regarding the Canary PENGU ETF until March 11, 2026. This proposed fund is planned to hold the PENGU token as well as the Pudgy Penguins NFT.

The announcement of the delay caused prices to drop by around 5% to 6%, as traders reduced their positions due to continued regulatory uncertainty.

On the other hand, the SEC’s lawsuit against Shima Capital and its founder, Yida Gao-who was an early backer of the project-resulted in a weekly drop of about 20%. However, this legal action was aimed at the investment fund, not directly at Pudgy Penguins.

Despite regulatory pressures, the PENGU price has remained stable above the $0.0117 support level. Crypto analyst Ali mentioned that this level is important for potential future price increases.

If this support holds, traders see a chance of a rebound towards $0.0136. Short-term momentum could attract buyers and support price recovery. The MACD indicator shows the MACD line is close to the Signal line, while the histogram is almost zero – indicating weak market momentum at the moment.

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The bullish crossover signal that occurred in early January is now weakening. This pattern reflects declining buying pressure and potential price consolidation.

Expansion in Gaming and Networking

In addition, MapleStory N launched a winter collaboration featuring Pudgy Penguins content. The collaboration includes in-game missions, NFTs as companions, as well as a dedicated webstore.

This integration with the gaming world connects the liquidity of PENGU tokens with game users. The trading volume of major collection NFTs saw a weekly increase.

The floor price of Pudgy Penguins NFTs has also increased although the token price is still fluctuating. The project made an appearance at the NHL Winter Classic in Miami and also held a holiday campaign at the Las Vegas Sphere.

Pudgy Penguins toys are now available in major retail stores. This real-world activation supports the “IP first, tokens later” approach.

The project is also building a specialized blockchain based on ZKsync. This chain is designed to drive all ecosystem activities into an integrated environment. This structure allows benefits and costs to be directly attributed to brands, while reducing reliance on secondary markets in terms of token value.

Traders are currently monitoring the $0.013 level as an important resistance point. If the price breaks this level, the TD Sequential “9” reversal pattern will be confirmed. The next upside target is in the range of $0.016 to $0.022, and some technical models predict a potential upside to $0.027 if the rally continues.

Meanwhile, the support level is in the range of $0.011 to $0.0115. If the price drops below $0.0105, then the price recovery since the beginning of the year is likely to lose its momentum.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinCentral. Pudgy Penguins PENGU Price: Can Manchester City Deal Spark Breakout Rally?. Accessed on January 20, 2026
• PlayToEarn. MapleStory Launches Pudgy Penguins Community Event. Accessed on January 20, 2026