Pudgy Penguins NFTs and PENGU Memecoin: A Comeback for the Flightless Birds

The world of NFTs and meme coins has had its ups and downs in 2025. After a steady decline in popularity earlier this year, the market showed signs of bottoming out. However, things are taking a turn, and some collections, like Pudgy Penguins, are seeing a dramatic recovery. These quirky flightless birds have become the center of attention once again, as both their NFT collection and memecoin, PENGU, soar to new heights.

The Rise of Pudgy Penguins NFTs

Pudgy Penguins, the NFT collection featuring adorable and unique penguin-styled artwork, had been facing a slowdown. The excitement around NFTs, in general, seemed to be losing steam, as most projects witnessed a drop in sales and interest. But, in a surprising turn of events, Pudgy Penguins saw a significant spike in sales.

The surge in interest came just in time for World Penguin Day, with some of the biggest names in the crypto and NFT space getting involved. Industry leaders such as CoinGecko, VanEck, Uniswap, MetaMask, and Phantom shared their very own Pudgy Penguins collectibles on X, which sparked a renewed interest in the project. Influencers and crypto analysts followed suit, showcasing their NFTs and further fueling the fire.

The impact was immediate. Over the past 24 hours, Pudgy Penguins recorded a massive 300% increase in sales volume, reaching an impressive $1.28 million, according to data from DappRadar. The average price of a Pudgy Penguin NFT rose by 6%, bringing it to $20,860, and the market cap for the collection has now surpassed $136 million. Currently, the floor price for a Pudgy Penguin NFT sits at 11.89 ETH.

Related: Rumours of a Penguins ETF including the memecoin PENGU and the PP NFTs

PENGU Memecoin Soars Over 150%

But the excitement doesn’t end with the NFTs. The Pudgy Penguins project also introduced the PENGU memecoin, which has been gaining significant traction recently. Initially launched on the Ethereum network, PENGU later expanded to the Solana blockchain, gaining more support within the ecosystem.

Just last week, we talked about $PENGU at 0.069 and saw a massive 156% price surge. On World Penguin Day, the coin rallied by over 35% in just 24 hours. This price spike suggests that traders might be capitalizing on the event, and possibly engaging in speculative trading.

On-chain data, however, paints a bullish picture for the memecoin’s future. According to Coinglass data, open interest (OI) in PENGU futures increased dramatically, rising from $49.92 million on Friday to $133.68 million on Monday. This surge in OI signifies new capital entering the market, which could drive PENGU’s current rally even higher.

Santiment data further supports this optimistic outlook, showing a significant rise in trading volume for PENGU. The coin’s trading volume jumped from $155.68 million on Saturday to $517.53 million by Monday, reaching its highest levels since January 19. These figures suggest that the interest in PENGU and its associated NFT collection is growing stronger by the day.

PENGU Price Forecast: Bulls Eyeing $0.014

As PENGU continues its upward momentum, traders and analysts are closely monitoring its price action. After breaking through its weekly resistance at $0.009, PENGU rallied by 47.58% until Sunday, closing above the $0.010 mark. At the time of writing, the coin has extended its gains, currently trading at around $0.012.

If this bullish trend continues, PENGU could test its next resistance level at $0.014. A potential rally to this price point would bring it closer to the highs seen earlier in February, where it reached $0.017. The Relative Strength Index (RSI) on the daily chart is currently at 84, indicating that the coin is in overbought territory. Despite this, the momentum seems strong, and the rally might not be over just yet.

If PENGU faces a correction, support is expected around the $0.010 level, which could serve as a key area for buyers to step in and continue driving the price higher.

Related: Farm Abstract Airdrops, the exciting layer-2 by the Penguin company.

The Technical Outlook for PENGU

From a technical perspective, the current wave count for PENGU shows a strong bullish trend. After completing a five-wave downward movement from its all-time high, the memecoin has started a five-wave upward movement. This suggests that the price could continue its ascent, potentially targeting the $0.014 to $0.016 range.

However, PENGU may soon face a local top, as the wave count suggests a corrective wave could follow. After the potential correction, the price could rise further, possibly hitting the $0.020 mark. For this bullish outlook to remain valid, the price must stay above $0.006. A decline below this level would invalidate the current bullish forecast.

Final Thoughts

Pudgy Penguins and PENGU are not just surviving the current crypto market downturn; they are thriving. With impressive rallies in both the NFT collection and the memecoin, the project is proving that even in a tough market, strong communities and unique concepts can lead to incredible growth.

Whether you’re a collector of NFTs or a trader in the memecoin market, Pudgy Penguins and PENGU are definitely projects to watch. The rise of these flightless birds is a testament to the ever-changing nature of the crypto world, where trends can turn around in the blink of an eye.

As the market for both NFTs and meme coins continues to evolve, Pudgy Penguins seems poised for continued success. If you’re considering diving into the penguin-themed NFT and coin scene, now might be the perfect time to hop on board.

If you enjoyed this blog, check out our recent publication about the RTFKT company shutting down and the end of Clone-X.

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