April 25, 2025 – The PENGU token, inspired by the popular Pudgy Penguins NFT collection, has seen a dramatic price surge this week, reaching its highest level since February. The sharp rally comes on the back of a massive spike in NFT sales and renewed momentum across the meme coin market, particularly on the Solana blockchain.
According to market data, the PENGU token surged to $0.010 — a stunning 167% increase from its monthly low. This price jump was supported by a notable rise in trading activity, with 24-hour volume soaring by 500% to hit $372 million. The token’s market capitalization also climbed to $576 million, reinforcing bullish sentiment.
The rally coincides with a broader uptick in meme coin interest, as the Solana meme coin sector continues to expand. The combined market cap of these tokens has now exceeded $10 billion, pointing to heightened speculative activity in the crypto space.
Meanwhile, NFT analytics platforms reported a 400% spike in Pudgy Penguins NFT sales over the past 24 hours, totaling $436,000 in volume. This surge catapulted the collection to the fourth spot on the global sales leaderboard, just behind DMarket, Panini America, and Guild of Guardians Heroes. Transaction count increased by 380% to 24, while the number of buyers rose 400% to 15.
Despite the recent breakout, long-term trends suggest caution. Total sales for Pudgy Penguins have dropped 11% over the past 30 days to $6.76 million. While the collection once achieved multi-million-dollar daily volumes at its peak, its all-time cumulative sales still stand strong at $620 million.
Technical Outlook: Is PENGU Overheated?
Technical analysis shows that PENGU is currently in a strong uptrend, hitting a key resistance at $0.010 — a level that aligns with the 78.6% Fibonacci retracement of the recent downtrend. The price remains well above the $0.0075 support zone, which also corresponds to its March 20 peak and the 50% Fibonacci level.
The token is trading above its 50-period moving average, a sign that bulls remain in control. However, momentum indicators are flashing overbought signals. The Relative Strength Index (RSI) has surged past 80, while the Percentage Price Oscillator (PPO) has also jumped sharply.
Given these technical signals, analysts warn of a potential near-term pullback, with the $0.0075 zone likely to serve as the first line of support. A successful bounce from this level could pave the way for a continuation of the uptrend, with $0.0115 — the year’s high — serving as the next major target.
