PENGU Token Price Soars 143% in 7 Days, Pudgy Penguins NFT Sales Increase Sharply!

Jakarta, Pintu News – This week, the Pudgy Penguins (PENGU) token recorded a significant price increase, reaching its highest level since last February. This surge coincided with a drastic increase in their NFT sales.

Check out the complete analysis here!

PENGU Price Strengthening: Recent Analysis

In recent days, the price of Pudgy Penguins (PENGU) has surged to $0.010, up more than 167% from this month’s low. This rise was supported by high trading volumes, reaching $372 million in the last 24 hours, a 500% increase from the previous day.

The token’s market capitalization soared to $576 million. This price increase comes amid a positive trend for meme coins on the Solana (SOL) network, with their combined market capitalization now exceeding $10 billion. This strengthening shows investors’ keen interest in meme-related cryptocurrencies and NFTs.

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Pudgy Penguins NFT Sales Surge

The latest data indicate that sales of Pudgy Penguins NFTs have experienced a substantial increase. In the last 24 hours, sales rose 400% to $436,000, making this collectible the fourth most popular after DMarket, Panini America, and Guild of Guardians Heroes.

The number of transactions for this NFT also increased dramatically, rising 380% to 24 transactions, with the number of buyers increasing 400% to 15. While short-term sales showed an impressive increase, long-term sales continued to exhibit weakness.

Over the last 30 days, sales decreased by 11% to $6.76 million. At their peak, Pudgy Penguins once recorded daily sales of over $1 million, which explains why their cumulative sales total has reached $620 million.

Also read: 5 Airdrop Farming Projects in the Spotlight at Solana

PENGU Price Outlook and Predictions

A four-hour price analysis reveals that PENGU was in a strong bullish trend this week, reaching a two-month high at $0.010.

This level is also essential as it coincides with the 78.60% Fibonacci Retracement level. The token is still holding above the key resistance level at $0.0075, which is the highest peak on March 20 and the 50% retracement point. However, the token has become extremely overbought.

The Relative Strength Index (RSI) has surged to above 80, while the Percentage Price Oscillator has also spiked. Therefore, it is expected that the price pullback will retest the support at $0.0075 before possibly resuming its bullish trend. If the price manages to cross the resistance point at $0.010, this could push the price towards this year’s peak at $0.0115.

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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

• Crypto News. Pengu Price Spikes as Pudgy Penguins NFT Sales Jump. Accessed on April 28, 2025
• Featured Image: Generated by AI