PENGU rallies over 25% ahead of Pudgy Penguins NFT boom

Pudgy Penguins’ token, $PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its $NFT floor price over the past month.

On May 8, the Pudgy Penguins ($PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana (SOL)-based meme coins, rising by over 28.6%.

In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in seventh place, with a market cap that stands at more than $883 million.

According to data from crypto.news, the Pudgy Penguins token has gone up by 25.7% in the past 24 hours. It is currently trading hands at $0.014. The last time it managed to reach $0.014 was back in February 2025, before it began to move lower, ultimately hitting its all-time low at $0.0037 on April 9.

$PENGU rallies over 25% ahead of Pudgy Penguins $NFT boom - 1">

$PENGU price chart | Source: crypto.news

However, it has since recovered from its lowest level within a month’s time, bouncing as high as 282%. Its daily trading volume has also seen a 70% surge compared to the previous day, hitting $317 million.

It is possible that $PENGU’s recent rally is a result of an increase in its $NFT floor price. According to CoinGecko, the floor price for Pudgy Penguins has jumped by 3.5% to 12.10 $ETH ($ETH) per $NFT piece. Similar to its token performance, the $NFT’s floor price has gone up by more than 20.4% in the past two weeks and rose by 32.9% in the past month.

According to data on Crypto Slam, its $NFT sales have seen modest gains. In the past 24 hours, its sales have jumped by 8% to $180,233. So far, there have been nine purchases, increasing by 12% compared to the previous day. At press time, there are a total of 5,004 Pudgy Penguin $NFT holders, with an average hold period of 106.9 days.