Over the last 30 days, PENGU, the token tied to the well-known Pudgy Penguins NFT collection, surged by 212%.
It ranks among the best-performing NFT tokens recently and has drawn significant investor interest. Latest market data confirms this strong performance and growing attention from the crypto community.
Source: Tradingview
Breaking Down PENGU Rise
Key Drivers of the Price Increase
A major driver of PENGU’s rise is that Canary Capital has just filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a rather unique ETF.
If approved, this would be the first fund to blend both crypto tokens and NFTs—specifically including the PENGU token and the Pudgy Penguins NFT collection. It also marks the second memecoin-themed ETF to surface, following the recent DOGE ETF.
Today, $PENGU and Pudgy Penguins NFTs were included in an ETF filing by Canary Capital. pic.twitter.com/GaqMsa3zhg
— Igloo (@IglooInc) March 20, 2025
Another major boost came as big players in crypto like Coinbase, VanEck, and MoonPay all changed their profile pictures to Pudgy Penguin. This sparked a wave of excitement, pushing PENGU token prices and Pudgy Penguin NFT floor prices from 9 ETH to 14 ETH—a roughly 55% increase in a short time.
Source: Coinbase
Both PENGU’s price and the Pudgy Penguins NFT collection have reacted positively to the news.
These developments have reinforced confidence in Pudgy Penguins’ sustainable, long-term growth among both the community and investors.
PUMP With Long-Term Potential
Beyond the buzz from Coinbase and the ETF news, steady product updates and a growing community have played a big role. PENGU’s expanding features and practical uses show it’s more than just a short-term play—it has a future in today’s growing metaverse and NFT world.
The Bigger Picture: NFT Market Overview
Other Leading NFT Collections
Looking beyond PENGU, the NFT market is clearly divided. According to Crypto.com Research’s “Top NFTs by Volume” report from July 3, 2025, Collections like Guild of Guardians Heroes and Courtyard pulled in nearly $30 million and $19 million in sales last week, up 84% and 30%.
Source: Crypro.com
Meanwhile, legacy collections like CryptoPunks and Bored Ape Yacht Club continue to command high floor prices ($103,007 and $26,855, respectively), but lower volumes suggest a pivot in market interest toward newer, more utility-focused projects.
Price Trends Among Top NFT Tokens
Aside from PENGU, tokens like TNSR (+25%), NFP (+16%), and BLUR (+10%) have seen growth. Investors seem drawn to projects with solid tech and active communities.
Meanwhile, tokens like ANIME and several smaller NFT projects have struggled, with price drops of over 29% in the past month. This divergence signals a growing divide between well-planned, utility-driven NFT projects and those lacking clear direction.
Final Thoughts
PENGU has pulled off a rare feat—surging more than 200% in just one month, cementing its position as one of the standout performers in the NFT sector. Its rally isn’t just hype-driven; it’s backed by community buzz, institutional interest, and credible product development.
Still, the broader NFT space remains fragmented and volatile. Investors should tread carefully, prioritize risk management, and stay informed. Keeping a close eye on how PENGU and similar tokens evolve will be key to navigating what’s shaping up to be an important next chapter in the NFT market.
