$XRP $PENGU 🚫⬇️Pudgy Penguins NFT Sales Drop as Token Values Soar: Nifty Newsletter
The value of Pudgy Penguins' PENGU token jumped 13% despite NFT sales falling by more than 50%, thanks to a viral marketing campaign.
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On January 5, Pudgy Penguins’ native token PENGU surged 13% to become one of the best performing coins in the crypto market, trading at $0.040 at the time — up 250% since its launch on December 17, 2024.
While the token debuted at $2.8 billion, some large holders took advantage of the rally to cash out, and the token has since fallen to $2.3 billion as the project’s NFT sales dropped by more than 50% in seven days, according to CryptoSlam data.
However, the community lead at Pudgy Penguins said on January 3 that in the “first few days of 2025,” the project continued to see public interest thanks to a viral GIF and sticker strategy that garnered over 1.1 billion views in the first five days of January.
