PENGU has plummeted over 73% in five months, and the sluggish market for Pudgy Penguins tokens may still have not bottomed out

Pudgy Penguins (PENGU) has recently continued to weaken, attracting widespread market attention. Data shows that over the past five months, the PENGU price has fallen approximately 73.5%, making it one of the weakest-performing projects in the recent NFT and meme coin sectors. Meanwhile, the overall heat of the NFT market continues to cool down, exerting noticeable pressure on the Pudgy Penguins ecosystem.

According to NFT Price Floor data, the monthly sales volume of Pudgy Penguins NFTs has decreased by 31.4% month-on-month, reflecting a significant contraction in market demand. As the native token of the Pudgy Penguins ecosystem, PENGU is categorized as a meme coin but still carries certain ecosystem and trading attributes. However, since August, its price has been declining steadily, from $0.032 to the current approximately $0.0086, failing to form an effective rebound.

On-chain data shows that PENGU has recently experienced net outflows from exchanges, indicating that some holders are transferring tokens into cold wallets for long-term holding. This is often seen as a potential accumulation signal, but it is important to note that the current outflow scale is significantly lower than the peaks in May and June 2025, and historical experience suggests that outflows do not necessarily immediately prevent further price declines.

The technical outlook is also bearish. The daily chart shows that PENGU broke below the key support level of $0.0099 in mid-December, forming a clear bearish breakdown structure. The previously important support at the $0.009 region has now turned into resistance, and the OBV indicator continues to decline, indicating that buying momentum remains weak.

In the short term, the probability of a strong rebound for PENGU is low. If the current price cannot hold the support near $0.00855, the bears may further dominate the trend. In the medium term, market attention is focused on the support zones at $0.0054 and $0.0039, which correspond to the historical lows in March and April of this year.

Overall, in the context of the NFT market sentiment not yet significantly warming and the Pudgy Penguins ecosystem lacking new catalysts, PENGU price still faces downside risks. For investors concerned with PENGU price movements, Pudgy Penguins token prospects, and meme coin market trends, it is more important now to focus on risk management and key technical levels.