PUDGY PENGUINS Token Rises 47% Amid Market Volatility
Amid market volatility, Solana-based meme coin PENGU increased by 47% over the past week, boosting its market capitalization by $300 million. Currently, PENGU trades at approximately $0.0143, reflecting a 2% decline in the last 24 hours.
Key points include:
- Whale activity detected, with wallets holding over $1 million acquiring around 240 million PENGU tokens.
- The broader NFT market shows a 33.8% gain, with a 191% surge in Pudgy Penguins NFT trading volume recently.
- Pudgy Penguins plans to launch a mobile game called Pudgy Party to reach mainstream gamers.
- Cboe BZX filed to list shares of a proposed PENGU ETF, indicating growing institutional interest.
- Analysts draw parallels between PENGU and Pepe (#PEPE), predicting potential price increases, with targets up to $0.1774.
- A daily close above the $0.015–$0.017 range could signal a strong breakout for PENGU.