Latest Market News & Updates Pudgy Penguins

2025-08-29

PENGU Token Drops 20% Amid Pudgy Party Game Launch

The Pudgy Penguins' native token, PENGU, saw a steep decline of over 20% during August, coinciding with the release of their Pudgy Party game. Despite the game achieving over 50,000 downloads and ranking among the top games on app stores, the token fell nearly 4% on launch day. This downturn was part of a broader slump in the NFT market, with other major projects such as Bored Ape Yacht Club also experiencing losses. The overall NFT market cap dropped from $9.3 billion to $7.4 billion, reflecting decreased investor confidence and trading activity. Source

2025-09-12

PENGU Open Interest Hits Record Amid Altcoin Rally

On September 12, open interest in the PENGU token surged, reaching a record high of 7.78 billion coins, while Bitcoin pulled back from over $116,000 to below $115,000. Analysts remained bullish, anticipating new lifetime highs as altcoin season gained momentum. Smaller tokens such as MYX, HASH, and PUMP enjoyed double-digit gains this week. Futures tied to the top 10 cryptocurrencies increased by 3%-5%, signaling bullish sentiment among traders. Meanwhile, a hack involving Thorchain resulted in a $1.2 million loss, attributed to North Korean hackers. Source

2025-08-29 @CoinDesk

PENGU token loses 20% in August amid Pudgy Party game launch: The Pudgy Penguins' native token, PENGU, experienced a significant decline of over 20% in August, coinciding with a broader downturn in the NFT market. Despite the launch of the Pudgy Party game, which achieved over 50,000 downloads and ranked among the top games on app stores, the token fell nearly 4% on the launch day. Other prominent NFT projects, like Bored Ape Yacht Club, also faced losses, contributing to a drop in the overall NFT market cap from $9.3 billion to $7.4 billion.

2025-07-25 @DappRadar

NFT market cap surged to $6.6B in July: DappRadar: In July, the NFT market cap surged to $6.6 billion, a 94% increase from the previous month, according to DappRadar. Weekly trading volume reached $136 million, marking the strongest performance since February. CryptoPunks led this resurgence, with floor prices rising 53% and a notable sale of Punk #5577 for over $5 million in company stocks. Additionally, the Pudgy Penguins collection saw increased trading volume, while CryptoBatz NFTs surged 400% following the death of Ozzy Osbourne.