PENGU down 73% in 5 months – Why the slump isn’t over yet

ambcryptoPublicado a 2025-12-24Actualizado a 2025-12-24

Resumen

PENGU, the memecoin of the Pudgy Penguins NFT ecosystem, has experienced a severe 73.5% price decline over the past five months, dropping from $0.032 in August to $0.0086. This slump reflects both falling NFT sales volume and a broader market downturn. Despite some on-chain data showing token accumulation as holders move PENGU off exchanges, the selling pressure remains dominant. Key support levels have been broken, and with no significant buying pressure indicated by the declining OBV, further losses are anticipated. Price targets for the coming weeks suggest a potential drop toward the $0.0054 and $0.0039 support levels. A bearish recovery is not expected soon.

The Pudgy Penguins [PENGU] NFT sales volume was down 31.4% in the past month, according to NFT Price Floor data. The hype surrounding NFTs has also waned in recent months, never regaining the momentum of the 2021 craze.

Its native token, PENGU, is considered a memecoin but has utility within the Pudgy Penguins ecosystem. The token has been in a steady downtrend since August. Back then, its price was $0.032, compared to the $0.0086 at press time.

This 73.5% drawdown in five months is quite severe, even in the memecoin sector. Can PENGU bulls rally and reverse the trend?

The potential for a PENGU comeback

A Crypto Twitter denizen pointed out that memecoins always get a second run. The example of Pippin [PIPPIN] was given for this argument, but there is no guarantee that PENGU will push to new all-time highs in the coming weeks.

On-chain data showed PENGU flowing out of exchanges. The negative net position change reflected accumulation from holders as they moved their tokens off exchanges and likely into cold storage.

While the flows were negative, their magnitude was not as strong as it was in May and June 2025. Moreover, such outflows in October did little to prevent the rapid price decline.

So, we turn our attention to the long-term price chart to understand where the next inflection point could be. The D3 chart showed a bearish structure break (orange) on the 15th of December, when PENGU slipped below $0.0099.

Can we expect a bullish recovery?

In short, not anytime soon. The $0.009 support, which had been important in June, has been breached in recent days. The OBV was in steady decline, showing little buying pressure.

Without any fightback, PENGU prices would likely continue to slide lower.

Mapping the next PENGU price targets

In the coming weeks, a decline to the $0.0054 and $0.0039 supports from March and April was possible.

In the short term, the $0.00855 was a support level to watch. If lost to the bears, a retest of the same level as resistance could offer an opportunity to go short.

Final Thoughts

The Pudgy Penguins NFT collection witnessed falling floor prices and reduced volume, and PENGU suffered as a result.
The market-wide gloom was particularly strongly seen in the PENGU price chart, and more losses were likely.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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Preguntas relacionadas

QWhat is the percentage decline in PENGU's price over the past five months, and what were its prices at the start and end of this period?

APENGU's price declined by 73.5% over the past five months. It was priced at $0.032 in August and had fallen to $0.0086 at the time the article was written.

QAccording to on-chain data, what does the negative net position change for PENGU indicate about holder behavior?

AThe negative net position change indicates that holders were accumulating PENGU by moving their tokens off exchanges, likely into cold storage.

QWhat key support level did PENGU break on December 15th, and what did this break signify on the chart?

AOn December 15th, PENGU broke below the $0.0099 level, which signified a bearish structure break on the D3 chart.

QWhat are the two potential price targets for PENGU mentioned in the article if the decline continues?

AThe two potential price targets mentioned are the $0.0054 and $0.0039 support levels from March and April.

QWhat does the steady decline in the On-Balance Volume (OBV) indicator suggest about the market for PENGU?

AThe steady decline in the OBV indicator suggests there is little buying pressure in the market for PENGU.

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Cómo comprar PENGU

¡Bienvenido a HTX.com! Hemos hecho que comprar Pudgy Penguins (PENGU) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Pudgy Penguins (PENGU) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Pudgy Penguins (PENGU)Después de comprar tu Pudgy Penguins (PENGU), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Pudgy Penguins (PENGU)Tradear fácilmente con Pudgy Penguins (PENGU) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

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Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de PENGU (PENGU).