PENGU Price Rallies 19% on Walmart Toy Hype and NFT Boom

The token tied to Pudgy Penguins PENGU NFTs, is making waves, jumping nearly 19% in a day to hit $0.0432. 

Fueled by a booming NFT market and Walmart’s toy craze, this memecoin is stealing the spotlight. Let’s dive into why PENGU’s price is soaring and what’s next.

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Why Is PENGU Skyrocketing?

The NFT market is on fire, with a 94% surge in market cap to $6.6 billion in July, per DappRadar. 

Pudgy Penguins, now the #2 NFT collection behind Bored Ape Yacht Club, is leading the charge with booming trading volume and real-world partnerships, driving PENGU’s price higher.

Walmart Toy Hype Fuels Excitement

Pudgy Penguin’s plush toys, sold in 3,100 Walmart stores, are a hit, racking up $10 million in sales. Each toy’s QR code unlocks digital perks in Pudgy World, blending physical and digital appeal. 

This mainstream push, backed by CEO Luca Netz’s vision of a “digital Mickey Mouse,” is boosting PENGU’s hype.

Read Also: PENGU Token Surges 27% as NFT Market Reignites with CryptoPunks Sweep

Technical Analysis: PENGU’s Bullish Signals

PENGU’s chart is screaming bullish, breaking past the 61.8% Fibonacci retracement level. It’s trading above its 30-, 50-, and 200-day EMAs, signaling strong momentum. 

The next target? The psychological $0.05 mark, with analysts eyeing $0.06–$0.07 if the rally holds.

Momentum Indicators Flash Green

Technical indicators back the surge:

• RSI: 71.81, bullish but nearing overbought.

• MACD: Positive crossover with a strong histogram.

• Volume: $1.57 billion in 24 hours, up 33% day-over-day. While RSI hints at a possible cooldown, the overall trend supports further upside if volume stays high.

Real-World Partnerships Powering PENGU

Walmart’s expanded partnership, now in 3,100 stores, has sold over 750,000 toys, with each purchase linking to Pudgy World via QR codes. 

This real-world utility, paired with $400 million in digital collectible sales since 2021, sets PENGU apart from pure meme coins.

Beyond Retail: Lufthansa and NASCAR

Pudgy Penguins isn’t stopping at toys. Collaborations with Lufthansa’s loyalty program and NASCAR events are expanding its reach. 

A deal with Suplay Inc. opens doors to China’s collectibles market, adding more fuel to PENGU’s price surge.

Read Also: PENGU Price Prediction: Can Pudgy Penguins’ Meme Coin Keep Rising?

Community and Market Sentiment

X is buzzing with PENGU chatter, with 3.19% of crypto conversations mentioning the token. Over 250 key opinion leaders are sharing charts and memes, amplifying the hype. 

Despite a dip in unique holders, community engagement remains strong, with 5 million global followers.

Whale Activity Drives Confidence

Whales are piling in, with $3.05 million and $3.29 million withdrawn from Binance and Bybit, respectively. 

This accumulation signals strong confidence, pushing PENGU’s market cap to $2.7 billion, outpacing chains like Fantom.

Risks and Future Outlook

Potential Pullbacks

Despite the hype, risks loom. RSI at 86 in some analyses suggests overbought conditions, and a 0.19% drop in unique holders (over 1,000 wallets) hints at profit-taking. A pullback to $0.03–$0.035 could occur before the next leg up.

Long-Term Potential

Analysts are optimistic, with price predictions ranging from $0.06–$0.075 by late 2025 to $3 by 2030, per DigitalCoinPrice and Telegaon. 

An ETF filing by Canary Capital could also boost institutional interest, potentially driving PENGU to $0.12 or higher.

Read Also: PENGU Price Skyrockets: What’s Behind the Meme Coin Surge?

Conclusion

PENGU’s 19% price jump, driven by Walmart’s toy hype and a resurgent NFT market, shows its potential as a top memecoin. Backed by strong technicals, real-world partnerships, and community buzz, it’s a contender to watch. However, with possible short-term pullbacks, investors should stay cautious and monitor key levels like $0.05. PENGU’s blend of fun and utility makes it a unique crypto play for 2025.

FAQ

Why did PENGU surge 19% in one day?

Strong NFT market growth, Walmart toy sales, and bullish technical signals pushed PENGU to $0.0432.

What key level is PENGU targeting next?

$0.05 is the psychological resistance. If momentum holds, analysts see $0.06–$0.07 next.

Are indicators showing overbought conditions?

Yes. RSI is at 71.81, near overbought, signaling a possible short-term cooldown.

What’s the current trend on EMAs?

PENGU is trading above its 30-, 50-, and 200-day EMAs, confirming strong bullish momentum.

What could cause a pullback in PENGU price?

Profit-taking and overbought RSI could pull PENGU back to $0.03–$0.035 before another rally.

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