The Pudgy Penguins token, known as PENGU, has seen a remarkable rebound in the crypto market over the past few days, crossing significant resistance levels amidst a surge in NFT sales. As of June 28, 2025, the PENGU price has skyrocketed to $0.01450, marking its highest level since May 23. This surge represents a staggering 52% increase from its lowest value last week and a remarkable 232% rise from its lowest point this year.
The recent data from CryptoSlam indicates that sales of Pudgy Penguins NFTs have rebounded significantly, jumping by 38% to $1.5 million over the past week. Highlights from the week include:
- 68 transactions, reflecting a 36% increase week-over-week.
- A rise in the number of buyers and sellers by 48% and 32%, respectively.
This spike in activity highlights Pudgy Penguins’ return to popularity, ranking it as the tenth most popular NFT collection, behind notable collections such as CryptoPunks and Gods Unchained.
Despite a 33% decline in monthly sales, bringing totals to $5.6 million, Pudgy Penguins has established an impressive all-time volume exceeding $636 million. Notably, the increase in PENGU price is not solely due to NFT sales—it is also fueled by significant buying from cryptocurrency ‘whales’ and public figures. They have amassed 301.7 million tokens, marking a 5.6% increase over the past month, while whales hold 1.89 billion tokens, a 13% increase, indicating growing confidence in the token’s future.
The technical analysis of the PENGU price suggests a strong upward trajectory. The daily chart reveals a rebound following the formation of a descending channel, indicating potential bullish momentum. The token has moved above this channel and the 25-period Exponential Moving Average, signaling a positive trend. As the Percentage Price Oscillator has crossed above the zero line, market analysts anticipate further price increases, with the next target resistance set at $0.01742, the peak observed on May 12. However, a drop below $0.100 would invalidate this bullish outlook.
The decline in available tokens—down to 14.7 billion from 15.6 billion on June 12—further supports a bullish sentiment, as reduced supply coupled with rising demand often drives prices higher. It is a bullish sign that more investors are willing to hold onto their tokens rather than selling, which could lead to increased price stability and growth.
