The post Pudgy Penguins’ PENGU token rallies as its NFT project suffers collective sales decline appeared on BitcoinEthereumNews.com.

Pudgy Penguins’ native token, PENGU, has joined the ranks of the best-performing assets after registering a 13% climb. At the time of writing, the token is trading at $0.049, up by 250% since it was launched on December 17. According to CoinGecko, the token presently has a market capitalization of $2.5 billion, dropping from a $2.8 billion high. According to reports, traders have taken advantage of the rally, cashing out on their positions. In a report by blockchain analytics platform LookonChain on X, a newly created wallet withdrew 84 million PENGU, worth $13.13 million on January 4. However, despite the token’s obvious growth, its NFT project sales have gone in the opposite direction. According to data from CryptoSlam, sales have dropped 52% over the last seven days. Pudgy Penguins teases PENGU expansion plans  The NFT project’s community lead Berko Crypto took to X to list out the NFT’s achievements in the first few days of 2025. According to the post, the project sold out Telegram stickers, among other achievements. “In just the first few days of 2025, Pudgy penguins had billions of GIF views, Telegram stickers experiment sold out in record time, hundreds of thousands of new penguins with an actual stake in the game, viral Instagram and TikTok campaigns,” he said. The NFT has continued to garner public interest due to its viral gif and sticker strategy. Over the first five days of 2025, the project has recorded over 1 billion views of its stickers and gifs. Meanwhile, the team behind the NFT project is mulling plans to expand its token to other platforms. The move will see the token, currently on Solana, move to Ethereum and Abstract, a layer-2 scaling solution on Ethereum designed by Igloo Inc. The token has a total supply of 88.88 billion, with about…

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Filed under: News - @ January 5, 2025 2:13 pm