The Pudgy Penguins Collection surpassed the iconic boring Ape Yacht Club by market capitalization, climbing second place worldwide. The move has been driven by a large 385% meeting of ecosystem native Pengu tokens over the past five weeks.
Data from NFT aggregation platform Dappradar shows that Pudgy Penguins’ market capitalization has skyrocketed to $360 million. It surpasses the boring APE Yacht Club category, currently ranked third in the market capitalization of $333 million.
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Pengu Token’s 5-week hot streak
Pengu’s latest rally began in the last week of June when the NFT token bouncing support at $0.007737, according to TradingView data. Cryptocurrency has produced five consecutive bullish weekly candles and has produced records during the period of sustained bull run since its existence.
Released in December 2024, Pengu will serve as a utility governance token within the Pudgy Penguins ecosystem. For members of the Pudgy Penguins community, Pengu is the underlying code that allows them to participate in NFT-related activities within the community. We also use crypto assets for community governance.
Revival of the NFT Market
In the meantime, it is worth noting that Pengu’s latest price surge suggests a return to the NFT sector in the cryptocurrency industry. NFT has been pissed with consciousness since the post-19th generation later, and since digital asset classes experienced massive hype amid unprecedented adoption. The NFTS promoted metaverse surges during the restrictions of global movements, where many people were forced to undergo surgery remotely.
Related: Pudgy Penguins (Pengu) Price Prediction July 20, 2025: Breakout compresses as looms for under $0.033
The revival of the NFT category is universal and covers several projects within the sector. Cryptopunks has maintained its leadership position at a market capitalization of $612 million at the time of writing after a 4,600% surge in trading volume over the past 24 hours. At the time of writing, the average price of a crypto NFT was $181,480, which was significantly higher than the Pudgy Penguins NFTS, which traded for $57,520 over the same period.
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