The native token of Pudgy Penguins, PENGU, recorded a growth of 13% on January 5, becoming one of the most impressive performing tokens in the crypto market.
At the time of publication, the price of PENGU was trading at $0.04, marking a 250% increase from its value at launch on December 17. Initially, this token was released with a market cap of $2.8 billion; however, this figure has decreased to $2.49 billion at the time of writing.
PENGU 1-hour price chart | Source: TradingView
Some major investors are making withdrawal transactions to take advantage of this price surge. The analytics platform Lookonchain reported that on January 4, a new wallet withdrew 84 million PENGU, worth about $3.13 million, from Binance.
Despite the strong increase in the value of PENGU, Pudgy Penguins' NFT sales have seen a significant decline, dropping 52% in the past seven days, according to data from CryptoSlam.
Pudgy Penguins NFT sales | Source: Cryptoslam
Berko Crypto, community leader of Pudgy Penguins, shared on January 3:
“In just the first few days of 2025, Pudgy Penguins have achieved billions of GIF views, Telegram stickers have sold out in record time, and hundreds of thousands of people have become true owners of in-game penguins. Media campaigns on Instagram and TikTok are also drawing strong attention.”
Pudgy Penguins continues to attract significant attention, partly due to its strategy of using GIFs and viral stickers. In the first five days of January, the project recorded over 1.1 billion views for its stickers and GIFs.
Recent speculation surrounding the potential collaboration between Pudgy Penguins and Pokémon has created a strong wave of excitement within the investor community. This further boosts the momentum for the token's strong growth trend as the coin continues to attract attention in the memecoin space.
A recent tweet from Pudgy Penguins hodler @broskisol stirred excitement in the PENGU community. This post hinted at rumors of a potential partnership between Pudgy Penguins and Pokémon, a move that, if confirmed, could significantly elevate the project's status.
This speculation has garnered significant attention from the community, as many imagine the potential impact of a partnership with a global brand like Pokémon.
If this partnership materializes, it could bring significant changes to both the brand and the value of PENGU. Associating with one of the world's most powerful and recognized entertainment brands could attract widespread attention, driving demand and pushing the value of this coin higher.
In this scenario, the price of PENGU could surge to $0.1 or more, marking a historical milestone for memecoin. However, if these rumors are not confirmed, the current excitement may only remain speculation.
Expansion plans for the PENGU token
PENGU is currently operating on the Solana platform but plans to expand to Ethereum and Abstract, a layer 2 scaling solution for Ethereum developed by Igloo Inc. The total supply of this token is 88.88 billion, of which 25.9% will be allocated to Pudgy Penguins NFT holders through airdrop.
Although there is currently no official use case for PENGU, according to Bybit, this token is expected to play a role in governance and provide access to exclusive perks within the ecosystem.
Trader Pentoshi revealed the possibility of a future airdrop for PENGU hodlers:
“Those who own PENGU will have the opportunity to receive Abstract (possibly receiving an additional 6 fig + airdrop). You can qualify for rewards by becoming a Pengu hodler and a Pengu fan on Pudgy's Discord.”
Launched in 2021, Pudgy Penguins has grown into the second-largest NFT collection by market capitalization, valued at $721 million, only behind CryptoPunks with a value of $1.4 billion.
Specifically, this project has signed important partnerships with major retailers like Walmart and Target, helping to bring Pudgy Penguins branded toys into stores and achieving sales of over one million products.
https://tapchibitcoin.io/gia-pengu-tang-vot-khi-xuat-hien-tin-don-hop-tac-voi-pokemon.html
