The post PENGU Token May Face Further Declines Amid Pudgy Penguins NFT Slump appeared on BitcoinEthereumNews.com.

The PENGU token, tied to the Pudgy Penguins NFT ecosystem, has experienced a 73.5% price decline since August 2025, dropping from $0.032 to $0.0086 amid waning NFT hype and reduced sales volume. On-chain data indicates holder accumulation, but bearish trends suggest further downside risks in the short term. Pudgy Penguins NFT sales fell 31.4% in the past month, per NFT Price Floor, reflecting broader market cooling. PENGU, a utility memecoin, shows steady outflows from exchanges, signaling long-term holding but limited immediate buying pressure. Technical analysis reveals a bearish structure break below $0.0099, with potential support levels at $0.00855, $0.0054, and $0.0039, based on historical charts from TradingView. Discover the latest PENGU token price analysis as it faces a 73.5% drop amid NFT market woes. Explore on-chain insights and recovery potential to stay ahead in crypto trends—read now for expert breakdowns. What is the current price trend for the PENGU token? The PENGU token has been in a pronounced downtrend since August 2025, plummeting 73.5% from $0.032 to approximately $0.0086 as of late December. This decline mirrors the cooling enthusiasm in the NFT sector, where the associated Pudgy Penguins collection saw a 31.4% drop in sales volume over the past month, according to data from NFT Price Floor. Despite its memecoin classification, PENGU offers utility within the Pudgy Penguins ecosystem, but market-wide factors have overshadowed these features, leading to sustained selling pressure. The broader NFT market has struggled to recapture the fervor of the 2021 boom, with transaction volumes across major platforms declining significantly. Pudgy Penguins, known for its whimsical collectibles, has not been immune, as floor prices erode and buyer interest wanes. This directly impacts PENGU, as the token’s value is intertwined with the project’s overall health and community engagement. How are on-chain metrics influencing PENGU’s performance? On-chain indicators from…

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Filed under: News - @ December 24, 2025 5:21 am