Pudgy Penguins' PENGU stock surges more than 10 points, with financial analysts optimistic about its continuing growth trajectory.
In the world of cryptocurrency and non-fungible tokens (NFTs), one collection has been making waves - the Pudgy Penguins. Over the past 24 hours, the sales and trading volume of the Pudgy Penguins collection have experienced a significant boost, with a 145.5% increase in sales and a 152% surge in trading volume.
The recent surge in the Pudgy Penguins' popularity has been highlighted in a report by Bullish, which also mentioned the collection's Walmart toy sales and the launch of the Pudgy Party mobile game. In the report, Bullish dubbed Pudgy Penguins as the 'mascot of crypto.'
However, the price of PENGU, the meme coin associated with the Pudgy Penguins NFT collection, has seen a downturn. Currently, PENGU is down 45% from its all-time high of $0.06, which it reached in December 2024. Despite this, predictors on Myriad believe that PENGU will climb an extra 34% to $0.05.
The optimism surrounding an Exchange-Traded Fund (ETF) being approved for Pudgy Penguins peaked in late July at 44.7%, but the chances of this happening before October now stand at 8.4%. The downturn in the chance of an ETF being approved comes despite expectations that Dogecoin and XRP ETFs will start trading this week.
CoinGecko is reporting the current state of the Pudgy Penguins Ethereum NFT market. The Ethereum NFT floor price of a Pudgy Penguin is currently 10.49 ETH or approximately $47,900. This is a 71.2% decrease from its all-time high of 36.33 ETH set in December 2024.
Interestingly, the Pudgy Penguins profile picture is used by several prominent crypto companies and personalities, including Solana, VanEck, Bitwise, Tom Lee, Mike Novogratz, and Coinbase.
However, a search of Q2 earnings reports and presentations from various institutions did not reveal any mentions of the Pudgy Penguins or the associated PENGU token. There is also no information available about the share of total revenues that activities with Pudgy Penguins contributed to.
On a positive note, New York Stock Exchange (NYSE) traded companies have a 46.7% chance of adding a Pudgy Penguins NFT to their treasury this year. PENGU was also featured in the latest earnings report from Bullish, a publicly traded digital asset exchange.
In conclusion, the Pudgy Penguins collection continues to garner attention and interest in the crypto and NFT world. Despite a downturn in the price of PENGU and the chances of an ETF being approved, the collection's sales and trading volume are at their highest in the past 24 hours, and the optimism remains high that PENGU will hit $0.05 a piece rather than dropping to $0.02.
