#binance #hype #zec #near
21/07/25 08:09 UTC-04

PENGU’s 385% Surge Pushes Pudgy Penguins to Second Place in NFT Rankings

Cryptocurrency Cryptocurrency
Cryptocurrency PENGU’s 385% Surge Pushes Pudgy Penguins to Second Place in NFT Rankings

The Pudgy Penguins NFT collection has surpassed the famous Bored Ape Yacht Club in market capitalization, climbing to second place in the overall rankings. This was driven by a 385% increase in the value of the PENGU token over the past five weeks.

According to NFT aggregator DappRadar, Pudgy Penguins’ market cap reached $360 million, while Bored Ape Yacht Club’s valuation stands at $333 million.

Data from TradingView shows that PENGU’s rally began in the last week of June when the NFT token bounced off the $0.007737 support level. The token has since formed five consecutive bullish weekly candles, marking the longest sustained growth streak since its launch.

PENGU, launched in December 2024, serves as the utility token within the Pudgy Penguins ecosystem and acts as the community’s governance cryptocurrency.

The recent PENGU price surge signals, at least temporarily, a revival of the NFT sector within the crypto industry.

Meanwhile, CryptoPunks remains the market leader with a capitalization of $612 million. Its 24-hour trading volume increased by 4600%. The average price per CryptoPunk NFT is $181,480, significantly higher than Pudgy Penguins’ average of $57.52.

See also: "Altcoin Market Prepares for Capital Inflow, Primarily into Stablecoins"

#Pengu

Editor: Godfrid Brower
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