Pudgy Penguins Token PENGU Surges 170% Amid NFT Sales Boom

Pudgy Penguins' native token PENGU has skyrocketed 170% since June 23, breaking key resistance levels as its NFT collection experiences unprecedented demand. The digital asset now trades NEAR all-time highs last seen in January 2025, marking a dramatic recovery from months of consolidation.

The rally follows explosive growth in the underlying NFT market, with $9.65 million in weekly sales volume driving floor prices from $10 to $16.88. Whale activity has intensified, with major holders accumulating 200 million tokens in July alone. Trading volume spiked 230% during the ascent, with technical indicators suggesting potential for another 25% climb toward $0.047 resistance.

Strategic partnerships with NASCAR, Lufthansa, and Asia-Pacific toy distributors continue to bolster the project's mainstream appeal. The on-balance volume metric confirms sustained buying pressure as institutional interest grows.