Pudgy Penguins & Play Solana Drop Exclusive Gameboy—PENGU Token Burn Fuels NFT Hype

Solana's hottest NFT collab just leveled up—with a side of deflationary tokenomics.

Pudgy Penguins and Play Solana launched a limited-edition Gameboy, sparking a buying frenzy. Every sale triggers a PENGU token burn, tightening supply while gamers scramble for the retro-style hardware.

Tokenomics meets nostalgia: The move cleverly capitalizes on two crypto obsessions—memecoins and physical-digital hybrids. Will it boost PENGU's value? Or just give traders another excuse to chase the next shiny object?

One thing's certain: In crypto, even 'limited editions' have unlimited creative ways to separate you from your SOL.

PENGU price at a key turning point

The Gameboy release comes at a pivotal moment for PENGU token price. Since June 22, PENGU has surged more than 500%, climbing from $0.0077 to a peak of $0.0466 on July 27. However, the price has since retraced to around $0.0398.

The daily chart now shows signs of hesitation, with a potential double top forming NEAR the $0.046 level. This pattern is often considered a bearish reversal signal, as it indicates that buyers were unable to push the price beyond a key resistance level on two separate attempts.

If confirmed—typically by a break below the interim support between the two peaks—it could suggest that upward momentum is fading and increase the likelihood of a deeper pullback. That being said, today’s candle is up 12% from that support, so there’s a chance PENGU price will rebound and invalidate the bearish pattern.