The Pudgy Penguins token, PENGU, has surged significantly, reflecting renewed interest in NFTs and potential growth in the market.
PENGU price increased by 11% to $0.02792, rising 83% in the past week and 190% over the last 30 days. The surge follows Tron founder Justin Sun's tweet supporting Pudgy Penguins, which has also driven NFT sales. Despite being 59% below its all-time high of $0.06845, the token's trading volume has soared from $83 million to $2.1 billion, indicating strong market interest. Analysts predict PENGU could reach $0.030 by week's end and $0.040 by August's close.