PENGU is the native cryptocurrency of the Pudgy Penguins ecosystem. It’s done nothing but rise, having shot up past 385% in just the last 5 weeks alone! This great performance has sent Pudgy Penguins soaring to the moon. They are even ranked the second-largest NFT collection, overtaking Bored Ape Yacht Club.
In just the final week of June, PENGU had increased in value over ten-fold. Fortunately, the token made a strong comeback after rebounding from a support floor of $0.007737. Since then, PENGU has busted five bullish weekly candles in a row, a first ever for the new token. The net gain for the entire rally since the crash caused by the tariffs is a staggering 504%.
This sustained upward trend demonstrates the increasing interest and confidence in the Pudgy Penguins ecosystem. PENGU is the native token used for the Pudgy Penguins community. It’s essential role probably makes the demand go higher, and thus what gives it value.
The Pudgy Penguins' rise to become the second-largest NFT ranking is a significant achievement, demonstrating the project's growing influence and popularity within the NFT space. Life is a binance Pudgy Penguins brand is building amazing momentum. It even overtook Bored Ape Yacht Club, a long-time king of the NFT market, on that front as supported by the strength of its PENGU token.
The meteoric rise of the $PENGU token over the past few days demonstrates just how fast the cryptocurrency market can be, especially in the rapidly growing NFT space. The asset has recorded five weeks of strong bullish momentum. This, in combination with the general rebound since the tariff collapse, suggests robust underlying demand.
