PENGU, the token associated with the Pudgy Penguins NFT collection, has surged to its highest price since February. This increase is largely thanks to a massive rise in the NFT’s floor price. The token’s resurgence is an indicator of Pudgy Penguins’ ecosystem activity and increased interest. Indeed, in recent months the NFT market has seen a dramatic increase in token prices as well as record levels of NFT transactions.

PENGU is trading at $0.014, a price it hasn’t seen since February 2024. This monstrous rally follows shortly after the token made an all-time low of $0.0037 on April 9. Recovering rapidly, PENGU has recovered to the tune of 282% in just one month’s time.

The rapid increase in PENGU’s price corresponds with a sharp jump in trading volume and sales in the Pudgy Penguins NFT ecosystem. In the last 24 hours, sales activity for Pudgy Penguins has increased 8%, totaling $180,233. Over the past day, buyers have scored a total of nine different Pudgy Penguins. That’s an astounding 12% increase from just the previous day!

PENGU’s price action over the last month has been nothing short of spectacular, going up over 242%. Pudgy Penguins NFT community The Pudgy Penguins network consists of a lively community of 5,004 NFT holders. What’s more, on average they spread minting goodness over an astounding … 106.9 days!

Now sitting seventh on the meme coin leaderboard, PENGU has proved its muscle within the crypto realm. Today, Pudgy Penguins’ market capitalization is more than $883 million. No doubt PENGU has become the best-performing Solana-based meme coin over the last week, with gains of more than 28.6%. Pudgy Penguins is currently enjoying an impressive 70% increase in daily trading volume from this time yesterday. It’s now advanced all the way up to a jaw-dropping $317 million.