PENGU rallies over 25% ahead of Pudgy Penguins NFT boom

However, it has since recovered from its lowest level within a months time, bouncing as high as 282%. Its daily trading volume has also seen a 70% surge compared to the previous day, hitting $317 million.

It is possible that PENGU‘s recent rally is a result of an increase in its NFT floor price. According to CoinGecko, the floor price for Pudgy Penguins has jumped by 3.5% to 12.10 ETH (ETH) per NFT piece. Similar to its token performance, the NFT’s floor price has gone up by more than 20.4% in the past two weeks and rose by 32.9% in the past month.

According to data on Crypto Slam, its NFT sales have seen modest gains. In the past 24 hours, its sales have jumped by 8% to $180,233. So far, there have been nine purchases, increasing by 12% compared to the previous day. At press time, there are a total of 5,004 Pudgy Penguin NFT holders, with an average hold period of 106.9 days.