Ah, the Pudgy Penguins token, once a beacon of hope in the frosty crypto seas, has taken a nosedive this week, as if it were a clumsy bird attempting to fly. Demand for its non-fungible tokens has evaporated faster than a snowflake in the sun. ❄️☀️
Our dear Pudgy Penguins (PENGU) token has plummeted to a dismal low of $0.0064, the lowest it has been since March 24, and a staggering 13.5% below this week’s high. It’s like watching a once-mighty emperor lose his crown, now down over 44% from its glorious all-time high. 👑
Third-party data, those ever-watchful eyes, reveal that the demand for Pudgy Penguins NFTs has taken a significant hit in recent months. It’s as if the entire collection decided to go on a diet, and not the healthy kind!
According to the oracle known as CryptoSlam, Pudgy Penguins’ sales have plummeted by 72% over the past 30 days, landing at a mere $8.15 million. This unfortunate turn of events has relegated it to the 10th-largest NFT collection by sales volume, a steep fall from grace for a project that once basked in the limelight. 🌟
It has been overtaken by collections like Courtyard, DMarket, CryptoPunks, Guild of Guardians Heroes, and Quant Cats. Courtyard, for instance, has seen its sales soar by 70% in March to a staggering $56 million. Talk about a plot twist! 📈
Meanwhile, Pudgy Penguins’ transaction count has nosedived by 61% to 419, while the number of buyers and sellers has dwindled by 50% and 49%, respectively. It’s like a party where everyone left before the cake was served! 🎂
Pudgy Penguins remains a top NFT brand
Despite this recent downturn, Pudgy Penguins still clings to its title as one of the most successful NFT collections to date. With cumulative sales standing at $615 million and nearly 65,000 total transactions, it’s like a phoenix that refuses to die! 🔥
However, as the hype cools, NFT sales tend to drop like a lead balloon. Take the Bored Ape Yacht Club, for example; its lifetime sales have reached a jaw-dropping $3.26 billion, yet its 30-day sales recently fell to a paltry $6 million. Ouch! 😬
Pudgy Penguins’ floor price has also taken a nosedive in recent months. After peaking at 34.8 ETH in December, it has plummeted to 9.85 ETH, according to the ever-reliable CoinGecko. It’s a rollercoaster ride that no one signed up for! 🎢
PENGU price analysis
The two-hour chart reveals that the PENGU price has retreated in the past few days, like a shy penguin hiding behind its friends. This retreat occurred after the coin rose to the key resistance level at $0.0074, a notable level since it was along the ascending channel shown in black. 🖤
Alas, the token has since broken below support at $0.0067, the lowest swing from February 25. It has also formed both a bearish flag and a rising wedge pattern, signaling potential further downside. It’s like watching a soap opera unfold, but with fewer dramatic plot twists! 📉
If this trend continues, the next level to watch will be the all-time low at $0.0051—about 22% below the current price. Buckle up, folks! 🎢
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2025-03-28 18:03