Latest Market News & Updates Pudgy Penguins

2025-08-29

PENGU Token Drops 20% Amid Pudgy Party Game Launch

Pudgy Penguins' native token, PENGU, saw a sharp decline of over 20% in August, coinciding with the launch of the Pudgy Party game. Despite the game attracting more than 50,000 downloads and ranking among the top games on app stores, the token itself fell nearly 4% on the launch day. This drop was not isolated, as other major NFT projects like Bored Ape Yacht Club also experienced losses, and the overall NFT market cap decreased from $9.3 billion to $7.4 billion. Source

2025-09-12

PENGU Open Interest Hits Record High as Altcoin Season Gains Momentum

While Bitcoin's price pulled back from over $116,000 to below $115,000, open interest in PENGU surged to a record high of 7.78 billion coins. This increase comes as altcoin season picks up steam, with smaller tokens like MYX, HASH, and PUMP seeing double-digit gains. Futures tied to the top 10 cryptocurrencies rose by 3%-5%, reflecting strong 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 @CryptoNewsReddit

Pudgy Penguins' native token $PENGU dropped over 20% this August, even as the Pudgy Party game hit 50,000+ downloads and climbed app store charts. NFT market sentiment remains bearish, with market cap falling from $9.3B to $7.4B. #NFTs #PudgyPenguins

2025-07-25 @DappRadar

NFT market cap hit $6.6B in July (+94%). CryptoPunks led the surge, but Pudgy Penguins also posted notable trading volume increases. NFT momentum is back! #NFT #PudgyPenguins