Penguins, the Pudgy Penguins token, has been jumping to the highest levels since February, attracting more than 25% amid a consistent rise in NFT floor prices over the past month.
On May 8, Pudgy Penguins (Pengu) Token is leading the charge among Meme Coins as it has been hit at its highest level since its January-February descent. Within the past week, he has become the highest-winner among Solana (Sol)-based meme coins, gaining over 28.6%.
Last month, tokens were able to surge more than 242%. It is currently ranked 7th on the Meme Coin Leaderboard, with a market capitalization of over $883 million.
According to data from Crypto.News, Pudgy Penguins tokens have increased by 25.7% over the past 24 hours. Currently trading hands for $0.014. The last time we reached $0.014 came back in February 2025, but it began to fall, eventually reaching a record low of $0.0037 on April 9th.
Penga Price Chart | Source: crypto.news
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However, since then, it has recovered from its lowest level within a month and bounced back to 282%. Its daily trading volume also saw a 70% increase compared to the previous day, reaching $317 million.
Pengu's recent rally could be the result of rising NFT floor prices. According to Coingecko, the floor price for the Pudgy Penguins jumped from 3.5% per NFT piece to 12.10 ETH (ETH). Similar to the performance of the token, the NFT floor price has risen by more than 20.4% in the past two weeks and has risen by 32.9% in the past month.
According to data from Crypto Slam, NFT sales are finding small profits. Over the past 24 hours, its sales have increased by 8% to $180,233. So far, we have made nine purchases, an increase of 12% compared to the previous day. At the time of pressing, there are a total of 5,004 stocky penguin NFT holders, with an average hold period of 106. 9 days.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
