Pudgy Penguins token Surges to February highs Amid NFT Sales Boom
The Pudgy penguins token (PENGU) has experienced a remarkable comeback this week, hitting its highest point since February. The price of PENGU has climbed to $0.010, marking a 167% increase from its lowest point this month. This surge has been accompanied by a notable rise in trading volume, which has jumped by 500% to $372 million.
The token’s market cap has also seen a boost, reaching $576 million.This rally is part of a broader trend among Solana meme coins, with their combined market cap exceeding $10 billion.
Data reveals that Pudgy Penguins’ NFT sales have also seen a massive spike. In the past 24 hours, sales have risen by 400% to $436,000, making it the fourth most popular collection. The number of transactions has increased by 380%, and the number of buyers has surged by 400%.
- NFT sales up 400% in 24 hours
- Transactions increased by 380%
- Buyers rose by 400%
Despite these impressive figures, the longer-term sales trend remains weak, with a 11% drop over the past 30 days. However, the cumulative sales have reached $620 million.
On the four-hour chart, PENGU has shown a strong bullish trend, reaching a two-month high of $0.010. The token is currently above the key resistance level at $0.0075. However, it has become overbought, with the Relative Strength Index at over 80. A pullback to $0.0075 is likely before the bullish trend resumes.
A move above $0.010 could signal further gains, potentially pushing the price toward the year-to-date high of $0.0115. For more insights, check the Pudgy Penguins price chart.
