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XRP
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1.65%
DOGE
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2.83%
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0.20%
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$99,262.06
0.40%
TON
$5.68
1.15%
LINK
$23.30
1.94%
SHIB
$0.00002373
2.60%
DOT
$7.58
1.62%
BCH
$470.11
1.53%
LEO
$9.13
0.01%
NEAR
$5.81
0.65%
BTC
$98,235
0.35%
ETH
$3,634.17
0.71%
BNB
$706.61
1.08%
USDT
$0.9998
0.00%
XRP
$2.39
1.63%
SOL
$212.91
1.65%
DOGE
$0.381
1.61%
ADA
$1.08
0.97%
USDC
$1.00
0.01%
STETH
$3,631.73
0.55%
TRX
$0.2624
2.83%
AVAX
$42.34
0.20%
WBTC
$99,262.06
0.40%
TON
$5.68
1.15%
LINK
$23.30
1.94%
SHIB
$0.00002373
2.60%
DOT
$7.58
1.62%
BCH
$470.11
1.53%
LEO
$9.13
0.01%
NEAR
$5.81
0.65%
BTC
$98,235
0.35%
ETH
$3,634.17
0.71%
BNB
$706.61
1.08%
USDT
$0.9998
0.00%
XRP
$2.39
1.63%
SOL
$212.91
1.65%
DOGE
$0.381
1.61%
ADA
$1.08
0.97%
USDC
$1.00
0.01%
STETH
$3,631.73
0.55%
TRX
$0.2624
2.83%
AVAX
$42.34
0.20%
WBTC
$99,262.06
0.40%
TON
$5.68
1.15%
LINK
$23.30
1.94%
SHIB
$0.00002373
2.60%
DOT
$7.58
1.62%
BCH
$470.11
1.53%
LEO
$9.13
0.01%
NEAR
$5.81
0.65%
USD

Ad
Mehab Qureshi
10 hours ago


PUDGY PENGUINS’ PENGU TOKEN RALLIES 13% DESPITE DECLINING NFT SALES

Pudgy Penguins’ NFT sales have plummeted 52% in the past week,

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Pudgy Penguins’ native token, PENGU, climbed 13% on Jan. 5, emerging as one of
the top performers in the crypto market.

At the time of publication, PENGU was trading at $0.040, marking a 250% surge
since its launch on Dec. 17. Initially debuting with a market cap of $2.8
billion, the token has since dipped to $2.5 billion, according to CoinGecko.

Some large holders are cashing out, taking advantage of the rally. Blockchain
analytics platform Lookonchain reported a new wallet withdrawing 84 million
PENGU — worth $3.13 million — from Binance on Jan. 4.

Despite PENGU’s price growth, Pudgy Penguins’ NFT sales have dropped by 52% in
the last seven days, according to data from CryptoSlam.

“In just the first few days of 2025, Pudgy penguins had billions of GIF views,
Telegram stickers experiment sold out in record time, hundreds of thousands of
new penguins with actual stake in the game, viral Instagram and TikTok
campaigns,” Berko Crypto, community lead at Pudgy Penguins, said on Jan. 3.

Pudgy Penguins’ continues to capture public interest, thanks in part to its
viral GIF and sticker strategy. The project recorded over 1.1 billion views for
its stickers and GIFs in the first five days of January.

Related: Pudgy Penguins CEO unfazed by SEC actions against NFT sector


PENGU TOKEN’S EXPANSION PLANS

PENGU currently operates on Solana but plans to expand to Ethereum and Abstract,
an Ethereum layer-2 scaling solution developed by Igloo Inc. The token’s total
supply is 88.88 billion, with 25.9% allocated for Pudgy Penguin NFT holders via
airdrop claims.

While no official use case for PENGU has been confirmed, the token is expected
to play a role in governance and potentially access exclusive perks within the
ecosystem, according to Bybit.

Crypto trader Pentoshi teased the possibility of future airdrop for PENGU
holders:

“$PENGU holders to receive Abstract (potentially another 6 fig + airdrop. You
may potentially qualify by getting the Pengu holder role and Pengu enjoyer roles
in the Pudgy discord.”


PUDGY PENGUIN NFT SALES SLIDE

Despite the token’s rally, Pudgy Penguins’ NFT sales have declined steeply.

Over the past week, total sales dropped to $5.5 million — a 52% decrease since
the previous week. NFT transactions fell by 51%, while buyers and sellers
plummeted by 56% and 41%, respectively.

This week’s top NFT collections by sales show Pudgy Penguins’ 52% drop. Source:
CryptoSlam.

In comparison, Azuki, another leading Ethereum NFT collection, saw sales fall by
17.65%, while DMarket on Mythos bucked the trend with a 10.43% increase in
sales.

Launched in 2021, Pudgy Penguins has grown to become the second-largest NFT
collection by market cap, valued at $721 million, trailing behind CryptoPunks at
$1.4 billion, according to NFT Price Floor.

Notably, the project has secured partnerships with retail giants Walmart and
Target to stock Pudgy Penguins-licensed toys in-store, leading to more than one
million toy sales.

Magazine: Crypto has 4 years to grow so big ‘no one can shut it down’: Kain
Warwick, Infinex

Explore more articles like this

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unlocking opportunities in the NFT landscape. Delivered every Wednesday


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 * #Blockchain
 * #Cryptocurrencies
 * #Altcoin
 * #Tokens
 * #Airdrop
 * #Solana
 * #NFT


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Read more
 * Dogecoin jumps 21% as whales accumulate, Galaxy predicts $1 DOGE
 * Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors
 * Suspected insider wallets net $20M on Solana’s Focai memecoin launch

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Editor’s Choice
 * Dogecoin jumps 21% as whales accumulate, Galaxy predicts $1 DOGE
 * Ether may ‘struggle’ in 2025, SOL ETF odds rise, and more: Hodler’s Digest,
   Dec. 29 – Jan. 4
 * Bitcoin ETF inflows rebound to 6-week highs as BTC price reclaims $97K
 * Solana is now quantum-resistant, Solana dev claims
 * $19 trillion in transactions settled on the Bitcoin network in 2024

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