$PENGU price surges as Pudgy Penguins NFT sales soar 🚀

Pudgy Penguins' PENGU token has seen impressive growth recently, spiking to $0.01450 on June 28—its highest point since May 23. This marks a 52% rise from last week's low and 232% above its lowest point this year. 📈

Key factors behind the surge include:

NFT Sales Growth: Pudgy Penguins' NFT sales bounced back with a 38% increase, hitting $1.5 million over the past week. 🐧

Whale & Public Figure Purchases: Major buyers have scooped up tokens, driving the price up. 🐋

Reduced Token Supply: The circulating supply of PENGU dropped to 14.7 billion, indicating fewer tokens are available for sale. ⬇️

In the past 30 days, public figures increased their holdings by 5.6%, while whales raised theirs by 13%. 📊 The rise in token scarcity, along with heightened whale activity, signals potential for continued growth.

Technical Outlook 🔍

The daily chart shows a strong rebound for PENGU after breaking out from a descending channel. It's trading above key technical levels like the 25-period EMA, and the momentum indicator (PPO) has moved past the zero line, suggesting bullish momentum. 📈

The next target for PENGU is $0.01742, the highest point from May 12. A drop below $0.0100 would suggest a reversal.

Stay tuned for more updates as Pudgy Penguins continues to capture attention in the NFT space! 🌟

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