Pudgy Penguins Freezes Out Dogecoin and Pepe: Here's Why PENGU Took Flight
Memecoins posted strong gains over the past week, with Pudgy Penguins (PENGU) token outperforming more valuable and popular cryptocurrencies.
‘Exciting’ Unlock For Square Sellers
PENGU surged 54% to become the most profitable large-cap memecoin over the last seven days. The native token of the popular NFT brand Pudgy Penguins is up nearly 50% in a month.
In addition to the broader cryptocurrency market rebound, the coin rallied following a cryptic message from Pudgy Penguins CEO Luca Netz about potentially taking the company public by 2027.
The post on X featured a pair of eyes, a penguin, a building and an “SOON” arrow.
Additionally, Pudgy Penguins’ official X account replied, “Well, well, well,” to Polymarket’s post that cryptocurrency whales are buying NFTs again in large numbers.
| Cryptocurrency | 7-Day Gains +/- | Price (Recorded at 12:21 a.m. ET) |
|---|---|---|
| Pudgy Penguins | +54.76% | $0.009451 |
| Pepe | +48.37% | $0.000003846 |
| Bonk | +31.62% | $0.000003038 |
| Dogecoin | +23.90% | $0.08675 |
| Shiba Inu | +19.32% | $0.000005335 |
DOGE, SHIB Trail PENGU’s Advances
Frog-themed Pepe (CRYPTO: PEPE) trailed PENGU with impressive gains of 48% last week, while Solana (CRYPTO: SOL)-based Bonk (CRYPTO: BONK) came in at a distant third at 31%.
Major dog-themed coins, such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), jumped 23% and 19%, respectively, last week.
Photo Courtesy: Koshiro K on Shutterstock.com