Penguins Go Brrrr! 🐧💰

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Right. So, the PENGU token – yes, the one associated with those… undeniably pudgy penguins – has decided to have a bit of a fling. A 20% fling, to be precise. Apparently, people are suddenly very keen on digital ownership of slightly overweight avians. Who knew?

It’s gone up, you see. More than a fifth in a single day. Seems it broke out of a “symmetrical triangle pattern.” Now, we won’t bore you with the technicalities (because honestly, even the wizards at Unseen University struggle with that sort of thing). But apparently, this means it’s gone up to $0.379, which is… a number. It’s more than it was, that’s the important bit. And it’s been a while since anyone paid attention, back to mid-January, which in cryptocurrency years is roughly the Jurassic period. 🦕

This all follows a previous “parabolic rally” which, let’s be honest, sounds suspiciously like someone accidentally left the growth potion unattended. It apparently ended a “prolonged downtrend.” Which translates to “it wasn’t doing very well before.” They don’t tend to lead with that information, do they?

Now, the soothsayers (technical analysts, they call themselves) are muttering about the “RSI” being “deeply in overbought territory” (above 81, whatever that means). Which basically means it might be about to get tired and fall over. A little rest is expected, maybe back down to $0.031–$0.032. A chance to catch its breath before the next, inevitable surge. Possibly.

The real story, of course, is the penguins themselves. The NFTs. Their floor price has jumped 16% to a frankly alarming 16.75 ETH (that’s about $63,500, for those of us still clinging to actual money). They’re now the second biggest NFT collection, after those eternally gloomy CryptoPunks. Honestly, you’d think they’d be happier, considering their value keeps going up. 😒

And it’s not just the penguins. The entire NFT market is having a wobble. The market cap is up 17% and trading volume has… well, let’s just say it’s stopped resembling a desert landscape and is starting to look a bit more like a moderately busy marketplace. Apparently, it’s jumped to $45 million. A sharp reversal from ‘sluggish volumes’, which is code for ‘nobody cared’.

The NFT market cap just pumped 17% in a day from $5.1B to $6.0B.

Which NFTs are you holding?

— CoinGecko (@coingecko) July 21, 2025

So, there you have it. Penguins, parabolic rallies, and a whole lot of digital speculation. Just another day in the Discworld… I mean, the cryptocurrency world. Don’t say we didn’t warn you. 🧙‍♂️

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2025-07-21 11:50