Pudgy Penguins’ PENGU token waddles beyond NFTs

Pudgy Penguins’ PENGU token waddles beyond NFTs

PENGU, the Solana-based token tied to the Pudgy Penguins ecosystem, is drawing renewed attention from crypto traders and analysts who argue the asset is undervalued despite a broader cooldown in meme coin speculation.

The First Meme To Hit $1? Neither Dogecoin, Nor Shiba Inu, Traders Say

Pudgy Penguins (CRYPTO: PENGU) has traded mostly flat over the past month, even as fundamental developments strengthen the meme coin’s longer-term outlook. CryptocurrencyTickerPriceMarket Cap7-Day TrendPudgy Penguins(CRYPTO: PENGU)$0.009500$597.3 million-3.5%Dogecoin(CRYPTO: DOGE)$0.1222$20.6 billion-2.5%Shiba Inu(CRYPTO: SHIB)$0.057666$4.5 billion-1.9% Trader Notes: Altcoin Sherpa said PENGU is not an attractive short at current levels, as it’s…