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Increase in Pudgy Penguins (PENGU) value: reasons explained.

Token PENGU from Pudgy Penguins hit its peak level since Sunday; it surged by 25.7% in the past 24 hours, currently trading at 0.014 USD.

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Token PENGU of Pudgy Penguins achieves its highest point since last month, surging 25.7% in the...
Token PENGU of Pudgy Penguins achieves its highest point since last month, surging 25.7% in the past day, currently trading at 0.014 dollars per unit.

The Surge of Pudgy Penguins Token: A Breakdown

Increase in Pudgy Penguins (PENGU) value: reasons explained.

In the bustling world of cryptocurrencies, Pudgy Penguins' token, PENGU, has caused a stir. After hitting its peak since last month, PENGU is currently trading at $0.014, marking a 25.7% surge in the last 24 hours. This level was last seen on February 20, 2022, when the token had plunged to $0.0037. But fear not, as PENGU bounced back, recording a remarkable 282% recovery in a single month.

PENGU, a Solana-based meme coin, has been a standout performer in the past week, drawing attention with a 28.6% increase. In the past month, it has seen a substantial surge of 242%, boosting its market value to over $883 million and pushing it up to the 7th spot in the meme coin ranking. The daily trading volume has surged by 70%, reaching a whopping $317 million.

The Crypto-NFT Connection

Behind this surge lies the increasing interest in the Pudgy Penguins NFT collection. According to CoinGecko data, the collection's floor price has risen by 3.5% to hit 12.10 Ethereum. NFT prices have climbed by 20.4% in the last fortnight and 32.9% in the past month.

Based on CryptoSlam data, NFT sales volume has spiked by 8% in the last 24 hours to $180,233. This is a 12% increase from the previous day, with a total of 9 sales. As of now, 5,400 people own Pudgy Penguins NFTs, with an average holding time of 106.9 days.

While PENGU's future remains uncertain, its current performance and the growing popularity of its NFT collection suggest potential growth in the months to come. Keep an eye on this intriguing project!

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  1. The profitability of the Pudgy Penguins (PENGU) token has increased significantly, with a 282% recovery in just one month and a surge of 28.6% in the past week.
  2. The average holding time of the Pudgy Penguins NFTs stands at 106.9 days, as more people are attracted to the increasing popularity of the NFT collection.
  3. The growing interest in the Pudgy Penguins NFT collection, as indicated by the rising floor price and sales volume, suggests that the Pudgy Penguins token (PENGU) could continue to be a profitable venture in the coming months.

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