The trading volume of Pudgy Penguins (PENGU) NFTs has decreased by 31.4% over the past month, according to data from NFT Price Floor. Interest in NFTs has also significantly declined recently and has yet to regain the heat of the 2021 boom.
The native token of the Pudgy Penguins ecosystem, PENGU, although considered a memecoin, still holds certain application values within the system. However, since August, the price of PENGU has been continuously declining. At that time, this token was trading at $0.032, while it is currently only $0.0086.
A price drop of 73.5% within five months is a huge shock, even for memecoins that are known for their strong volatility. Can optimistic investors revive PENGU and reverse this downtrend?
PENGU's recovery potential
A prominent member of Crypto Twitter has commented that memecoins often have a chance for a second price increase. The case of Pippin (PIPPIN) is cited as an example, however, there is no guarantee that PENGU will reach new highs in the near future.
On-chain data records the continuous withdrawal of PENGU from exchanges. The negative net position change reflects the accumulation trend of investors as they move tokens to cold wallets for long-term storage.
Although there is a recorded outflow from the exchange, the scale is no longer as strong as in May 2025 and June 2025. Even the token withdrawals in October could not prevent the strong price decline of PENGU.
To determine the next turning point, it is necessary to observe the long-term price chart. The D3 chart shows that the bearish structure was broken (orange) on December 15, when PENGU slid below the $0.0099 threshold.
Price recovery prospects
In the short term, the chances of a strong recovery are quite low. The support level of $0.009, which played an important role in June, has been breached in recent days. The OBV indicator has also been continuously decreasing, reflecting weak buying power and a lack of interest from investors.
If no clear reversal signals appear, the price of PENGU is likely to continue to drop further.
Forecast of the next price thresholds for PENGU
In the coming weeks, PENGU may test the support zones of $0.0054 and $0.0039 that were established in March and April.
In the short term, the $0.00855 level is currently a support zone to watch. If the sellers break this level, retesting this price area as resistance could open up opportunities for short positions.