PENGU Token soars, Pudgy Penguins ecosystem makes a strong comeback and experiences a second spring.

With the recent continuous warming of Bitcoin prices, the cryptocurrency market has also ushered in a new wave of enthusiasm. Among them, the $PENGU token, centered around the Pudgy Penguins ecosystem, has performed particularly well. According to AiCoin market data, $PENGU surged from a bottom price of $0.0037 on April 9 to $0.0134, with a rise of up to 360%. As of April 28, $PENGU is temporarily reported at $0.0134, with a 24-hour rise of 31.43%. Meanwhile, the Pudgy Penguins NFT Floor Price has climbed to 11.5 ETH, with a month-on-month increase of 20%. The trading volume in the past seven days reached 2,097 ETH, a month-on-month surge of 242%. After the successful launch of the Abstract Layer2 Mainnet, the PENGU ecosystem has rejuvenated, experiencing a "second spring."

The "Second Spring" of the PENGU ecosystem: Transformation from Meme to Practical Value

The rise of the $PENGU Token is no coincidence. As the native token of the Pudgy Penguins NFT project, $PENGU has quickly attracted the attention of global investors since its launch on December 17, 2024, thanks to the low costs and high efficiency of the Solana blockchain, as well as the Pudgy Penguins brand's role as a bridge between Web2 and Web3. The launch of the Abstract Layer2 Mainnet in January 2025 marks a significant transformation for the PENGU ecosystem. As a Layer2 network focused on the consumer economy, Abstract not only enhances transaction speed and cost efficiency but also provides $PENGU with practical applications for governance and profit distribution. X user @AirdropAlchemis posted on April 23 that they held 88,888 $PENGU and received 4,392 XP rewards, suggesting that the token holding incentive mechanism within the Abstract ecosystem is starting to take effect.

The brand effect of Pudgy Penguins has further boosted the popularity of $PENGU. Starting in 2023, Pudgy Penguins has sold physical toys globally through partnerships with retail giants such as Walmart and Target, with cumulative sales exceeding $10 million. X user @Burnasso pointed out that Pudgy Penguins CEO Luca Netz is attracting mainstream users to Web3 in an unprecedented way through brand expansion and community operations. In addition, Pudgy Penguins' metaverse project.

Global Financial Markets: The Macroeconomic Background of the Crypto Boom

The strong performance of $PENGU is closely related to the favorable winds of the global financial market. Since April 2025, the price of Bitcoin has steadily risen, breaking through $90,000, which has driven the overall sentiment in the crypto market to soar. A user on platform X, @CryptoKaleo, posted on April 21, stating that the chart of $PENGU shows it is building a base, and it is expected to rise significantly in the coming months, reflecting the market's optimistic sentiment towards PENGU.

The global macroeconomic environment also supports the crypto market. The Federal Reserve's interest rate cut cycle, which extends into 2025, increases global liquidity and enhances the appeal of risk assets. At the same time, the Trump administration's friendly policies towards the crypto industry further boost market confidence. On April 23, X user @ChinaPumpCN posted that $PENGU has landed on the Robinhood exchange and is awaiting the SEC's ETF application, indicating its move towards institutional-grade assets. Additionally, the European Banking Authority (EBA) reported in April that 17% of EU banks plan to venture into tokenized deposits within the next two years, signaling an accelerated acceptance of blockchain technology by traditional finance.

The investment value and risks of PENGU

The success of $PENGU is not only attributed to the viral spread of Meme culture but also benefited from the diversification of its ecosystem. X user @degengambleh pointed out that $PENGU has over 800,000 holders, a 12% token burn mechanism, 10 billion brand exposures, and physical integration in over 10,000 retail stores, yet its valuation is still underestimated. However, high volatility remains an inherent risk of Meme coins. In December 2024, the initial listing price of $PENGU once reached $0.068, then fell back, reflecting the impact of market speculation.

For investors, the long-term value of $PENGU depends on the continuous expansion of the Abstract ecosystem and the global penetration of the Pudgy Penguins brand. In the short term, the meme coin craze and the Bitcoin bull market may continue to drive up prices, but one must be cautious of market correction risks.

This article only represents the author's personal views and does not reflect the position or views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.

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