PENGU, the token associated with the Pudgy Penguins NFT collection, has gone up an impressive 400%. It has easily beaten the return of other well-entrenched cryptocurrencies and risen rapidly in global crypto ranks. The token’s price exploded by 546% in under a month. This remarkable increase solidifies it as one of the biggest winners so far in what many are calling the new altcoin season. This remarkable growth is a clear indication of how widely loved and appreciated the Pudgy Penguins NFT collection has become.
The surge in PENGU's price directly correlates with the Pudgy Penguins' ascent in the NFT space. In a matter of days, the Pudgy Penguins overtook the Bored Apes to become the second-largest NFT project by volume.
PENGU’s tremendous recent performance has enabled it to outpace well known cryptos like VeChain, Arbitrum, Algorand, and POL. PENGU is now ranked 43rd on CoinMarketCap. This milestone is a considerable feat, illuminating its increasing importance in the cryptosphere.
The amazing success of PENGU serves as a reminder of just how much NFTs and cryptocurrencies have begun to converge on each other. The enormous success of Pudgy Penguins in the NFT scene, though, has led to real-world value for its linked token, PENGU. Holding onto this momentum, it’s a good example of how digital collectibles and decentralized finance can work together in harmony.
