In brief
- PENGU has jumped by double digits over the past 24 hours, following its appearance in the earnings report of a publicly traded digital asset exchange.
- Predictors on Myriad think it’s likely that the meme coin will climb an extra 34% to $0.05, rather than dipping to $0.02.
- The Pudgy Penguins’ NFT collection has traded mostly flat over the past week and remains significantly down from its all-time high.
PENGU, the Solana meme coin for the Pudgy Penguins NFT collection, has jumped double digits over the past 24 hours to $0.037. Predictors on Myriad, a prediction market developed by Decrypt’s parent company Dastan, are now bullish that it’ll climb an extra 34% to $0.05.
Per CoinGecko data, PENGU is up 12% on the day to $0.0377, having risen by 10.2% over the past week. It is now down 45% from its all-time high of $0.06, set in December 2024. The move has widened expectations on Myriad that PENGU will hit $0.05 a piece rather than dropping to $0.02, with predictors placing a 67% chance on its upward move—up from 57% on Wednesday.
The pump follows PENGU’s featuring in the latest earnings report from Bullish, a publicly traded digital asset exchange. The report highlighted Pudgy Penguins’ Walmart toy sales, the recent launch of the Pudgy Party mobile game, and called it the “mascot of crypto.”
“The Pudgy Penguins profile picture has become a crypto phenomenon and [is] used by Solana, VanEck, Bitwise, Tom Lee, Mike Novogratz, Coinbase, and many other prominent crypto companies and personalities,” the report said.
It’s not all bullish news for Pudgy Penguins, though. Predictors think it’s nearly impossible that a PENGU ETF will be approved before October, placing just an 8.4% chance on the outcome. This is significantly down from 44.7% in late July, when optimism of an ETF being approved peaked. The downturn comes despite expectations that Dogecoin and XRP ETFs will start trading this week.
That said, predictors think it’s fairly even—at a 46.7% chance—that any New York Stock Exchange (NYSE) traded company will add a Pudgy Penguins NFT to its treasury this year.
Meanwhile, per CoinGecko, the Pudgy Penguins Ethereum NFT floor price has remained fairly flat over the past week and is up just 5.1% over the past two weeks, now sitting at 10.49 ETH or $47,900. The collection’s sales and trading volume have increased over the past 24 hours by 145.5% and 152% respectively, however. It is now down 71.2% from its all-time high of 36.33 ETH set in December 2024.
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