$PENGU NFT Coin Debuts on Solana with a +1000% Surge

user avatar

by Giorgi Kostiuk

2 years ago

Pudgy Penguins, the creators of the globally recognized NFT collection, released their native token $PENGU on the Solana blockchain yesterday evening. The coin has shown significant growth since its release but faced technical glitches and selling pressure.

Growth and Current State of $PENGU

According to data from CoinMarketCap.com, $PENGU is still more than 50% below its all-time high. The current price finds support around $0.03888, with a trading volume of $2.18 billion over the past 24 hours. The launch experienced technical glitches and selling pressure from the airdrop, yet industry experts acknowledge it as a very successful event with a 70.7% circulating supply.

Comparison between NFT Coins $PENGU and ApeCoin

Technically, $PENGU can be compared to ApeCoin, the token from the Bored Ape Yacht Club (BAYC) ecosystem. Both tokens experienced substantial growth following their launch. $PENGU launched amid an NFT market bull run, whereas ApeCoin launched during a bear market.

Future Plans and Projections

In October, ApeCoin surged over 100% again after the launch of ApeChain, a new scaling network for NFTs. Pudgy Penguins team plans further announcements in January 2025, including Abstract: L2, potentially boosting the $PENGU price again.

The launch of $PENGU has been successful and remains a relevant topic in the NFT world. While the token has further growth potential, its future largely depends on upcoming announcements and the overall market situation.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

OpenAI Claims to Solve Navier-Stokes Equations Amid Controversy

chest

OpenAI announced on September 8, 2026, that it has solved the Navier-Stokes equations, a significant problem in mathematics, but faces criticism from NYU mathematician Tristan Buckmaster regarding the originality of the solution.

user avatarTenzin Dorje

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.