Pudgy Penguins Records Two Contrasting Results: PENGU Token Surges 28%, NFT Collection Sales Drop 30%

Pudgy Penguins has recorded two opposite results in the last week: the price of PENGU token is in a bull pump of +28%, and the sales volume of the NFT collection has dropped by -30%.

The Pudgy Penguins NFT collection has seen two contrasting results in the past week, with the price of the PENGU token showing a sharp increase while the sales volume of the NFT collection has declined significantly.

According to data from CoinGecko, PENGU has seen a 28% price surge in the last seven days. At the time of writing, PENGU is trading at $0.042, compared to $0.032 a week ago. This price performance outperforms some of the major cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), which have both seen gains of around 6% each.

PENGU is currently ranked 53rd among all cryptocurrencies in terms of market capitalization, with a total market cap of $2.63 billion. On Monday, the price of Pudgy Penguins reached a high of $0.044. Overall, PENGU has seen a 250% surge in its price since its launch, which took place on December 17.

On that date, the NFT project team officially announced the PENGU airdrop, rewarding NFT holders with a total of $92,000. PENGU was launched on the Solana blockchain, which is known for its strong trading activity in the memecoin sector.

While PENGU has started 2025 with strong price performance on the crypto side, the Pudgy Penguins collection seems to be facing a decline in the NFT market.

According to data reported by CryptoSlam, sales of the Pudgy Penguins NFT collection have dropped by 30% in the last seven days. Despite this decline, Pudgy Penguins remains the top collection in the ranking, with a weekly sales volume of over $7.1 million.

The Pudgy Penguins collection consists of 8,888 unique NFTs depicting adorable penguins, which have captured the attention of the crypto community and beyond, leading to impressive growth.

In these early days of the year, Berko Crypto, community lead of Pudgy Penguins, took to Twitter to share the results of the NFT project:

In just the first few days of 2025 @pudgypenguins had:

>Billions of GIFs views

>Telegram stickers experiment sold out in record time

>Hundreds of thousands of new penguins with actual stake in the game

>Viral Instagram and TikTok campaigns pic.twitter.com/P4uGMxrBGX

Essentially, Pudgy Penguins implemented a viral strategy involving GIFs and stickers, garnering over 1.1 billion views in the first 5 days of 2025.

In other NFT news, a final analysis revealed that 2024 ended with a total NFT sales volume of $8.8 billion, marking an increase of $100 million compared to the total NFT sales volume recorded in 2023.

This result indicates that NFTs continue to be present in the blockchain ecosystem despite the slow growth of this crypto micro-sector.

Examining the flow of sales volume throughout the year, the last few months appear to have been critical. After a dismal September, volumes began to rise again from October, with December emerging as the strongest month of 2024, generating a total NFT sales volume of $877 million.

Pudgy Penguins contributed to the overall performance of December 2024 in the NFT market, remaining at the top of the collections ranking, with a monthly sales volume of $115 million.