PENGU Jumps Over 25% Following Pudgy Penguins NFT Boom

The PENGU token from Pudgy Penguins has reached its highest point since February, posting an impressive gain of over 25%, fueled by a consistent uptick in its NFT floor price over the past month.

As of May 8, the Pudgy Penguins (PENGU) token is leading the pack among meme coins, recovering to its peak following a slump in January-February. In the last week, it has emerged as the top performer among Solana (SOL)-based meme coins, climbing by more than 28.6%.

In the last month, the token’s value has soared by over 242%. At present, it ranks seventh on the meme coin leaderboard, with a market capitalization exceeding $883 million.

According to data from crypto.news, the Pudgy Penguins token has seen a 25.7% rise in the last 24 hours, trading currently at $0.014. The last time it hit this price was in February 2025, before a decline led to its all-time low of $0.0037 on April 9.

However, it has rebounded from its lowest point in a month, climbing as much as 282%. Furthermore, its daily trading volume has surged by 70% compared to the previous day, reaching $317 million.

The recent surge of PENGU can likely be linked to an increase in its NFT floor price. As per CoinGecko, the floor price for Pudgy Penguins has risen by 3.5% to 12.10 ETH (ETH) per NFT. Corresponding with the performance of its token, the NFT floor price has increased by over 20.4% in the past two weeks and by 32.9% over the last month.

As reported by Crypto Slam, NFT sales for Pudgy Penguins have shown modest growth. In the last 24 hours, sales climbed by 8% to $180,233, with nine purchases recorded, marking a 12% increase from the previous day. At the time of writing, there are 5,004 Pudgy Penguin NFT holders, with an average holding duration of 106.9 days.