The price action mirrors a broader revival in the NFT space, with Pudgy Penguins—PENGU’s parent ecosystem—surpassing Bored Ape Yacht Club as the #2 NFT collection by market cap.
That momentum appears to be feeding directly into PENGU’s token demand and chart performance.
According to DappRadar, the total NFT market cap jumped 94% in July, reaching $6.6 billion. Pudgy Penguins led that rally with rising trading volume and ecosystem expansion, including plush toy partnerships with Walmart and a July 25 statement by CEO Luca Netz positioning the brand as the “next Mickey Mouse” of digital culture. The community’s excitement appears to be spilling into PENGU.
PENGU’s chart shows a clear breakout above key Fibonacci levels, including the 61.8% retracement.
Momentum indicators back this surge:
With the token now pushing above short-term resistance, bulls are watching the next target near the psychological $0.05 mark.
If NFT market strength persists, PENGU could continue its run—especially as sentiment rotates toward utility-driven collections with real-world partnerships.
The post PENGU Price Jumps Nearly 20% on Walmart Toy Hype appeared first on Coindoo.
