ChainCatcher news, according to Cointelegraph, the native token of Pudgy Penguins, PENGU, rose 13% on January 5, becoming one of the best-performing tokens in the cryptocurrency market. As of the time of writing, PENGU is priced at $0.04, having risen 250% since its launch on December 17. According to CoinGecko data, the token's initial market capitalization was $2.8 billion, which has now dropped to $2.5 billion.
Meanwhile, according to data from CryptoSlam, despite the increase in PENGU's price, Pudgy Penguins' NFT sales fell to $5.5 million over the past week, a 52% decrease from the previous week; the number of transactions dropped by 51%, and the number of buyers and sellers decreased by 56% and 41%, respectively.
According to data from NFT Price Floor, Pudgy Penguins was launched in 2021 and has now become the second-largest NFT series by market capitalization, valued at $721 million, second only to CryptoPunks at $1.4 billion.
