**Crypto News Flash: PENGU Token Soars Amid NFT Sales Slump**

Pudgy Penguins' native token, PENGU, surged 13% on January 5, trading at $0.040—a 250% increase since its December 17 launch. Despite this rally, the token's market cap dipped from $2.8 billion to $2.5 billion, with some large holders cashing out.

NFT sales for Pudgy Penguins have dropped 52% in the past week, totaling $5.5 million. Meanwhile, the project continues to gain attention through viral GIFs and stickers, boasting over 1.1 billion views.

PENGU plans to expand to Ethereum and Abstract, with potential governance roles and exclusive perks anticipated.