Why PENGU is Suddenly Flying High – Is Pudgy Penguins the New Meme Coin King?
Ah, the world of meme coins… so predictable, yet so full of surprises! Enter the Pudgy Penguins’ token, PENGU, which has decided to wake up from its slumber and make waves, soaring to its highest point since February. What’s the reason, you ask? A cheeky little 25% surge that has certainly turned some heads, and all of this while its NFT floor price just keeps climbing like a mountaineer with no intention of looking back.
On this fine day, May 8, PENGU is leading the charge amongst meme coins, doing what meme coins do best: rallying when no one expects it. Who saw this coming? Apparently, it’s been the top performer among Solana (SOL)-based meme coins over the past week, climbing a glorious 28.6%. It’s like watching a penguin take flight — unexpected, a little hilarious, and, for some reason, captivating.
In the past month, this penguin has skyrocketed by a jaw-dropping 242%. And now, with a market cap above $883 million, it’s sitting comfortably in seventh place on the meme coin leaderboard. Not bad for something that only a few weeks ago could barely get out of bed!
Crypto.news reports that in the last 24 hours, PENGU has risen by 25.7%. It’s now trading at $0.014, which, fun fact, is the same value it hit back in February 2025 before taking a dive. The token took a tumble, plummeting to a sad little $0.0037 on April 9, but now? Oh, how the mighty have risen!
And there’s more! The penguin’s recovery isn’t just a fluke; it’s serious business now. The token has rebounded by a whopping 282%, which has some people wondering if this whole thing is just a lucky streak. Trading volume? Oh, it’s up by 70%, hitting a staggering $317 million in just one day. That’s not just a rally; that’s a spectacle.
But what’s causing all this excitement? Is it really just the meme coin charm working its magic, or is there something more? Well, the NFT floor price of Pudgy Penguins has jumped by 3.5% to 12.10 ETH per NFT. This little move has caused the floor price to increase by over 20.4% in the last two weeks, and a cool 32.9% in the last month. So yes, dear reader, NFTs are still a thing, and they’re giving PENGU some extra fuel for its flight.
Crypto Slam has some interesting numbers too. Their data shows that Pudgy Penguins NFT sales have been gaining ground with a modest 8% increase in the last 24 hours, totaling $180,233 in sales. The number of purchases has grown by 12%, and there are now 5,004 lucky souls holding onto these digital penguins, with an average holding period of 106.9 days. Because who wouldn’t want to hold onto a penguin, right?
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2025-05-08 15:04