The PENGU token—the native crypto of the Pudgy Penguins ecosystem—has staged a strong rally, gaining over 52% in the last week and more than 230% year-to-date. On June 28, it surged to $0.01450, its highest level in over a month, driven by a resurgence in NFT sales and growing interest from crypto whales and public figures.
NFT Sales Spark Momentum
Data from CryptoSlam shows Pudgy Penguins NFT sales jumped 38% to $1.5 million in the past week. There were:
68 transactions (+36% week-over-week)
48% more buyers
32% more sellers
These improvements helped Pudgy Penguins climb back into the top 10 NFT collections, trailing just behind giants like CryptoPunks and Gods Unchained.
Whale Accumulation & Token Supply Drop
Another reason for the PENGU pump? Whales are buying the dip.
Whale wallets now hold 1.89 billion PENGU, a 13% monthly increase
Public figures and influencers added 301.7 million tokens, a 5.6% rise
Meanwhile, exchange supply fell to 14.7 billion, down from 15.6 billion on June 12
This decline in circulating tokens typically signals that investors are choosing to hold, reducing short-term sell pressure—another bullish indicator.
Technical Analysis: Bullish Signs Emerge
The PENGU chart shows a clear breakout above a previously bearish descending channel that had been forming since May.
Price has moved above the 25-day EMA
The Percentage Price Oscillator (PPO) crossed the zero line, signaling growing upward momentum
If momentum holds, analysts expect PENGU to test the next major resistance at $0.01742 (last seen on May 12). However, a drop below $0.0100 could invalidate this bullish setup.
Final Take
With renewed NFT hype, rising whale activity, and strong technical signals, PENGU is back on trader watchlists. While short-term volatility is expected, sentiment around Pudgy Penguins is turning more optimistic—and that’s being reflected in the charts.
