Pudgy Penguins NFT Sales Surge 300% to $1.28 Million Amid World Penguin Day
Pudgy Penguins, an NFT collection of 8,888 penguins, experienced increased sales leading up to World Penguin Day on April 25. Key industry firms such as CoinGecko and Uniswap promoted their penguin-themed collectibles, contributing to a surge in interest.
- Pudgy Penguins saw a 300% increase in sales volume, reaching $1.28 million in 24 hours.
- The average price rose by 6% to $20,860, with a market cap of $136 million.
- Total trading volume surpassed $1.5 billion.
The token associated with the collection, PENGU, rallied 200% over the past week due to hype around World Penguin Day and overall bullish sentiment in the cryptocurrency market. Currently, PENGU is up 40% in the last 24 hours, trading at $0.132, though it remains 77% below its all-time high of $0.057.
- PENGU hit an all-time low of $0.0037 on April 9 and has since gained 260% in three weeks.
- Analyst Crypto Sat noted a "rising wedge" pattern in the 30-minute price chart, indicating a potential correction ahead.
Pudgy Penguins need to surpass the $0.014 mark to maintain bullish momentum. A drop below $0.0125 could trigger further selloff.