- PENGU token soared 25% to $0.014, marking a 242% gain over the past month.
- Pudgy Penguins’ NFT floor price rose 3.5% to 12.10 ETH, driving interest in the token.
- Daily trading volume for PENGU surged 70% to $317 million as NFT sales increased by 8%.
PENGU, the token tied to Pudgy Penguins, just surged to its highest level since February, shooting up over 25% as the NFT project’s floor price continues to rise. In the past month alone, PENGU has skyrocketed by a staggering 242%, now sitting at $0.014 — a level it hasn’t seen since its early 2025 tumble.
On the meme coin leaderboard, PENGU’s now ranked seventh, boasting a market cap of more than $883 million. Its daily trading volume has spiked too, jumping 70% in the past 24 hours to hit $317 million, according to crypto.news data. This recent rally comes after PENGU bottomed out at $0.0037 on April 9, marking a 282% rebound in just a few weeks.
NFT Floor Price Drives PENGU Surge
What’s fueling PENGU’s explosive rise? It’s likely tied to the increasing floor price of Pudgy Penguins NFTs. CoinGecko reports a 3.5% bump in the floor price, now sitting at 12.10 ETH per piece. Over the past two weeks, the floor price has climbed 20.4%, and in the last month, it’s up 32.9%.
On Crypto Slam, Pudgy Penguins NFT sales have also ticked up. In the past 24 hours, sales rose 8% to $180,233, with nine purchases — a 12% increase from the previous day. As of now, there are 5,004 Pudgy Penguin NFT holders, with an average hold period of 106.9 days.
