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The non-fungible token (NFT) collection Pudgy Penguins has experienced a significant surge in popularity, coinciding with World Penguin Day on April 25th. The collection of 8,888 digital penguins witnessed a remarkable spike in sales volume, fueled by endorsements from prominent figures and companies within the cryptocurrency and NFT space.
Data from DappRadar indicates a staggering 300% rally in Pudgy Penguins’ sales volume over the past 24 hours, reaching $1.28 million. This surge was accompanied by a 6% increase in the average price of these penguin-themed NFTs, which now hovers around $20,860. Consequently, the market capitalization of Pudgy Penguins has reached $136 million, with its total trading volume surpassing $1.5 billion.
The heightened interest in Pudgy Penguins was visibly amplified on World Penguin Day as industry giants such as CoinGecko, VanEck, Uniswap, MetaMask, and Phantom took to X (formerly Twitter) to showcase their penguin-styled digital collectibles. This collective display of support, coupled with similar endorsements from numerous influencers and crypto analysts, appears to have significantly boosted the collection’s visibility and desirability.
A very happy world penguin day https://t.co/vy91VP0vS2 pic.twitter.com/PB5O0zHJ51
— VanEck (@vaneck_us) April 25, 2025
Meanwhile, the penguin-themed cryptocurrency, PENGU, has also experienced a notable upswing. Riding the wave of Pudgy Penguins’ momentum and broader positive market sentiment that saw Bitcoin breach the $95,000 mark, PENGU has rallied by 200% over the past week. In the last 24 hours alone, the token has surged by 40%, currently trading at $0.132.
Also Read: Pudgy Penguins Launch Solana Validator with SOL Strategies, Eye ETF and Blockchain Expansion
However, analysts caution that PENGU’s recent performance may be heavily reliant on current trends and market sentiment. Crypto Sat, a prominent cryptocurrency analyst on X, pointed out a “rising wedge” pattern forming on PENGU’s 30-minute price chart, suggesting a potential correction before any sustained upward movement. It’s worth noting that PENGU plunged to an all-time low of $0.0037 on April 9th and, despite its recent gains, remains 77% down from its all-time high of $0.057.
For Pudgy Penguins to maintain its bullish trajectory, analysts suggest the collection needs to break the $0.014 price mark. Failure to do so, particularly if the price falls below $0.0125, could trigger a further sell-off. While World Penguin Day provided a significant tailwind for both the NFT collection and its associated token, the long-term sustainability of this rally remains to be seen as market dynamics continue to evolve.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
