Pudsey Penguins (PENGU) plummets 10% in 24 hours as a consequence of meme coin market decline

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  • Thursday’s altcoin selloff despatched the value of Pudsey Penguins (PENGU) to a low of $0.010.
  • The token’s decline has widened the losses seen over the previous few months.
  • The autumn in Bitcoin amid the AI ​​market downturn affected the value of PENGU.

Pudgy Penguins (PENGU) has taken a giant hit in value over the previous 24 hours, with the memecoin token plummeting over 10% and main the highest 100 losers of the day.

On the time of writing, PENGU value is hovering round $0.01085. The token rose from beneath $0.0100 to a excessive of $0.013 earlier within the week.

Nevertheless, the token has worn out all these good points as cryptocurrencies have proven weak point.

Pudgy Penguin falls 10% as altcoins fall

The Pudgy Penguins ecosystem, which boasts an NFT assortment and burgeoning token utility, has had a tricky time over the previous few months.

After hovering above $0.043 in July, PENGU fell to a low of $0.0097 on December 2, 2025 as a consequence of a downward spiral.

Whereas bulls masterminded a modest rally above $0.013, the PENGU token, which powers neighborhood initiatives equivalent to merchandise drops and digital collectibles, as soon as once more misplaced floor.

Having fallen greater than 10% of its worth in lower than a day, the token has now suffered a 30% decline over the previous month.

This token has been one of many sharpest depreciating currencies among the many high 100 cryptocurrencies by market capitalization over the previous 12 months. On Dec. 11, Pudsey Penguins’ buying and selling quantity decreased 12% to $243 million.

Analysts say this can be a signal that promoting strain has eased after the current decline was accompanied by a major spike in quantity.

Pengu value outlook

PENGU’s value decline symbolizes a broader bearish assault throughout cryptocurrencies.

The altcoin has fallen to a significant assist degree amid bearish strain on Bitcoin. Memecoin is main some sectors which have suffered large losses after failing to rise amid the decline of Dogecoin and others.

Inventory markets world wide additionally slumped, following the rise within the earlier market.

On this case, the shortage of momentum following the Federal Reserve’s rate of interest lower has weakened broader threat urge for food. PENGU’s correlation with high altcoins and meme cash amplifies the potential for additional declines.

Over-leveraged positions as a result of current rally may trigger a draw back state of affairs to play out. A decline beneath $0.010 could be unhealthy information for the bulls.

Sellers may additionally goal $0.004, which is near the all-time low seen in April 2025.

Nevertheless, catalysts equivalent to upcoming ETF selections and widespread adoption counsel the bull market might not be over but.

Buyers can be looking ahead to these and different clues to a reversal. The highway forward stays powerful as a bear market units in, however the secret is for the value to regain $0.013. PENGU bullish degree is above $0.04.

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