PENGU’s 385% Surge Fires Pudgy Penguins Into Second-Largest NFT Ranking
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- The Pudgy Penguins NFT collection has surpassed the Bored Ape Yacht Club in market cap, now at $360M
- The move is fueled by a 385% rally in the ecosystem’s native PENGU token over the last five weeks
- This, plus a 4,600% volume spike for CryptoPunks, may signal a broad NFT market revival is here.
The Pudgy Penguins collection has surpassed the iconic Bored Ape Yacht Club in market capitalization, climbing to the number two spot globally. The move is being fueled by a massive 385% rally in the ecosystem’s native PENGU token over the past five weeks.
Data from DappRadar, the NFT aggregation platform, shows that the Pudgy Penguins’ market cap surged to $360 million. It has surpassed the Bored Ape Yacht Club category, which currently stands in third position with a $333 million market capitalization.
Related: Meme Coins Lead Market Recovery with PENGU Up 504% Since Tariff Crash
The PENGU token’s five-week hot streak
According to TradingView’s data, PENGU’s latest rally started in the final week of June, when the NFT token bounced off support at $0.007737. The cryptocurrency produced five consecutive bullish weekly candles, creating a record in the dur…
The post PENGU’s 385% Surge Fires Pudgy Penguins Into Second-Largest NFT Ranking appeared first on Coin Edition.
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