PENGU is soaring again, climbing nearly 19% in the past 24 hours to reach $0.0432, as interest in NFT-linked tokens spikes across the board.
The price action mirrors a broader revival in the NFT space, with Pudgy Penguins—PENGU’s parent ecosystem—surpassing Bored Ape Yacht Club as the #2 NFT collection by market cap.
That momentum appears to be feeding directly into PENGU’s token demand and chart performance.
NFT ecosystem fuels demand
According to DappRadar, the total NFT market cap jumped 94% in July, reaching $6.6 billion. Pudgy Penguins led that rally with rising trading volume and ecosystem expansion, including plush toy partnerships with Walmart and a July 25 statement by CEO Luca Netz positioning the brand as the “next Mickey Mouse” of digital culture. The community’s excitement appears to be spilling into PENGU.
Technical signals support bullish thesis
PENGU’s chart shows a clear breakout above key Fibonacci levels, including the 61.8% retracement.
Momentum indicators back this surge:
- RSI: 71.81 (bullish, nearing overbought)
- MACD: Bullish crossover confirmed with positive histogram
- Price: Trading above 30-, 50-, and 200-day EMAs
- 24h Volume: Over $1.57 billion, a 33% increase day-over-day
With the token now pushing above short-term resistance, bulls are watching the next target near the psychological $0.05 mark.
If NFT market strength persists, PENGU could continue its run—especially as sentiment rotates toward utility-driven collections with real-world partnerships.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/pengu-price-jumps-nearly-20-on-walmart-toy-hype/