PENGU has plummeted over 73% in five months, and the sluggish market for Pudgy Penguins tokens may still have not bottomed out
Pudgy Penguins (PENGU) has recently continued to weaken, attracting widespread market attention. Data shows that over the past five months, the price of PENGU has fallen approximately 73.5%, making it one of the weakest-performing projects in the recent NFT and meme coin sectors. Meanwhile, the overall heat of the NFT market continues to cool down, exerting significant pressure on the Pudgy Penguins ecosystem.
According to NFT Price Floor data, the monthly sales volume of Pudgy Penguins NFTs has decreased by 31.4% month-on-month, reflecting a clear contraction in market demand. As the native token of the Pudgy Penguins ecosystem, PENGU is categorized as a meme coin but still carries certain ecosystem and trading attributes. However, since August, its price has been declining steadily, from $0.032 to the current approximately $0.0086, and has yet to form an effective rebound.
According to NFT Price Floor data, the monthly sales volume of Pudgy Penguins NFTs has decreased by 31.4% month-on-month, reflecting a clear contraction in market demand. As the native token of the Pudgy Penguins ecosystem, PENGU is categorized as a meme coin but still carries certain ecosystem and trading attributes. However, since August, its price has been declining steadily, from $0.032 to the current approximately $0.0086, and has yet to form an effective rebound.