PENGU Soars 25% as Pudgy Penguins NFT Mania Fuels Frenzy—Because Cartoon Birds Beat Inflation, Apparently

Pudgy Penguins’ token PENGU rockets past key resistance as NFT traders pile into the meme-driven project. Just another day in crypto’s endless cycle of hype and FOMO.

Bullish momentum builds ahead of Pudgy’s rumored metaverse expansion—because what the NFT space really needed was more pixelated animals in VR headsets.

Trading volume spikes 300% as influencers tout ’undervalued blue-chip’ status. Cue the inevitable profit-taking once retail buyers prop up the charts.

However, it has since recovered from its lowest level within a month’s time, bouncing as high as 282%. Its daily trading volume has also seen a 70% surge compared to the previous day, hitting $317 million.

It is possible that PENGU’s recent rally is a result of an increase in its NFT floor price. According to CoinGecko, the floor price for Pudgy Penguins has jumped by 3.5% to 12.10 ETH (ETH) per NFT piece. Similar to its token performance, the NFT’s floor price has gone up by more than 20.4% in the past two weeks and ROSE by 32.9% in the past month.

According to data on crypto Slam, its NFT sales have seen modest gains. In the past 24 hours, its sales have jumped by 8% to $180,233. So far, there have been nine purchases, increasing by 12% compared to the previous day. At press time, there are a total of 5,004 Pudgy Penguin NFT holders, with an average hold period of 106.9 days.

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