Pudgy Penguins (@pudgypenguins) has launched its new Pengu Plushies line in Target (@Target) stores across the United States, the brand announced on July 19. The rollout puts the flagship Pengu character in more than 1,800 Target toy aisles, sitting alongside household names like Bluey and Hello Kitty, and in front of millions of weekly shoppers who have never opened a crypto wallet.
For a project that began as 8,888 profile pictures on Ethereum, that shelf space is the whole point. Most NFT collections from the 2021 boom have faded into irrelevance. Pudgy Penguins spent the past four years turning a cartoon penguin into a consumer brand instead, and the Target launch is the clearest evidence yet that the strategy is working.
What Did Pudgy Penguins Announce?In a post on X, the project said that "Pengu is now available on all Target shelves across the USA" through its new plushie line, calling it the first time the Pengu character has reached a mainstream retail audience at this scale. The official account teased the drop with shelf photos and an offer to send free plushies to fans who said something nice about Pengu.
The launch is not the brand's first Target appearance, but it is the biggest. The timeline shows a steady climb:
Pudgy Toys launched on Amazon in May 2023 and quickly became a number one seller in three separate categoriesA Walmart rollout began in September 2023 across roughly 2,000 stores, later expanding past 3,100Clip-on plushies reached Target's collectibles aisles in May 2024, by which point the toy line had sold over 1 million units and generated $10 million in first-year salesThe Vibes Series 3 trading card set hit Target stores in June 2026, lifting total cards in circulation to around 15 millionThe new Pengu Plushies push the brand from the collectibles section into the main toy aisle, chain-wide.
How Did Pudgy Penguins Outlive Its NFT Peers?The collection launched in July 2021 and sold out fast, but the project nearly died with the rest of the market. Community discontent with the original founders sent the floor price tumbling. In April 2022, entrepreneur Luca Netz (@LucaNetz) acquired the IP and its operating company for roughly 750 $ETH, about $2.5 million at the time, just as NFTs slid into a prolonged bear market.
Where most 2021-era projects depended on secondary trading volume and royalty income that evaporated in 2022, Netz pushed the brand toward physical products and mainstream distribution. Three decisions stand out:
Building toys for kids and families rather than collectibles for crypto natives, with retail shelf space treated as the growth engineKeeping NFT holders aligned with the consumer business through a 5 percent share of net revenue from physical products featuring their individual penguinsFeeding a content flywheel spanning GIPHY animations with billions of views, the browser-based Pudgy World game, the Vibes trading card game, and the PENGU token, launched on Solana in December 2024 with a total supply of 88.88 billion and a broad airdrop to holdersThe result is an IP business that no longer lives or dies on NFT floor prices, which is precisely what separated it from the projects that disappeared. Today the brand operates under Igloo Inc. (@IglooInc), the parent company Netz leads, which also develops the Abstract blockchain (@AbstractChain).
What Does the Rollout Mean for PENGU?The token reaction was positive but measured. $PENGU trades around $0.0064, up 2 percent over the past 24 hours and 10.4 percent on the week, with a market cap of about $403 million at rank #88, per CoinMarketCap. That still leaves it roughly 90 percent below its all-time high.
The gap between brand momentum and token performance is the tension traders keep circling. Plushie revenue does not flow to the token through buybacks, revenue sharing, or staking, so some market watchers view the retail expansion as a franchise-building play rather than an immediate price catalyst. The physical royalty stream rewards NFT holders, not PENGU holders. The token's case rests on visibility: every shopper who meets Pengu in a toy aisle is a potential future participant in the ecosystem.
What Comes Next?The retail machine is running, but the digital side is still being rebuilt. The Pudgy Party mobile game crossed 1 million downloads before the project announced it was ending further development, pivoting resources to the browser-based Pudgy World instead. The brand has more than one door into its ecosystem, though: plushies carry QR codes linking to Pudgy World, Vibes cards tie physical packs to on-chain assets, and Igloo's Abstract chain gives the whole operation its own rails. The open question is conversion. Millions of new shoppers are about to meet Pengu in a toy aisle, and the next chapter depends on how many of them follow any of those doors on-chain.
Sources:
Pudgy Penguins Official announcement post on X confirming the Pengu Plushies rollout across Target storesCoinMarketCap Live PENGU market data including price, market cap, and supply figuresPR Newswire Official 2024 release covering the first Target launch and first-year sales figures
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Pudgy Penguins [PENGU] made a major step towards fulfilling its goal to expand its reach beyond the internet.
Following its successful TCG drop in June, Pudgy Penguins has now launched PENGU plushies for retail purchase. The new plushie line marks the NFT project’s biggest push yet into retail. Even more importantly, with this move, Pudgy Penguins extends its reach to millions more users.
In fact, Pudgy Penguins noted this milestone, adding that,
Pengu has been introduced to millions of new people in retail
An expanded user base is good news for the network and the native token, PENGU, as it increases use cases for the token. Furthermore, more traders will discover the token via QR codes on plushies, thus potentially driving demand for PENGU.
How did Pudgy Penguins’ market react? With the news, the PENGU price made a slight move higher, hiking to $0.0062 before slightly pulling back to $0.0061 at press time. These slight gains were mostly driven by spot buyers who rushed to accumulate.
According to CoinGlass data, the exchange outflows outpaced inflows significantly over the past day. As a result, the Spot Netflow remained negative.
Source: CoinGlass At press time, the Spot Netflow was -$139k, indicating that more PENGU flowed out of exchanges. Often, reduced supply on exchanges has preceded better price performances.
Bears still dominate perps, risking another pullback While buyers rushed into the spot on the good news, traders on the derivatives aggressively cashed out on these gains.
Source: Coinalyze For starters, on the perpetual side, the Perps Sell Volume rose to 984.2 million, compared to 874.9 million in Buy Volume.
As a result, the perps recorded a negative delta of -109.3 million, a clear sign of aggressive selling. The same market behavior was observed on the futures side.
According to CoinGlass data, Futures Outflow rose to $23.4 million while Inflow fell to $22.4 million. For that reason, Futures Netflow dropped 228% to -$975k.
Source: CoinGlass A negative Futures Netflow suggests that more traders closed their positions, reflecting increased bearishness.
What’s next for the memecoin? Despite PENGU’s extended reach, the market structure remains strongly bearish. At press time, the Relative Strength Index remained within the bearish zone at 45.
Source: TradingView This implies sellers are still controlling the market. The Stochastic Momentum Index also confirmed this view, as it remains negative.
Although SMI has been on an upward trajectory, the indicator holds deeply within the bearish zone. Combined, these two indicate that the momentum leans to the downside and is likely to remain so.
Thus, if the slight demand driven by the news fades, exacerbated by derivatives pressure, PENGU will drop to $0.0058. If the plushies help boost demand, however, with the extended base, PENGU could hold $0.006 and target $0.0068.
Final Summary Pudgy Penguins announced the launch of PENGU plushies on all Target shelves across the United States. PENGU market remains structurally bearish, driven by intense selling pressure on thderivativeses market.
The crypto market remains volatile, but a handful of altcoins are attracting strong investor interest. This is thanks to ecosystem developments, exchange listings, and growing trading activity.
Here’s a look at the five trending cryptocurrencies today and what’s driving the buzz.
Pudgy Penguins (PENGU) – NFT Token Holds MomentumPENGU is trading at $0.006059, with a $388 million market cap and nearly $56 million in daily trading volume. While the token remains about 91% below its all-time high, it has rebounded more than 62% from its lowest level.
The latest rally comes after CEO Luca Netz unveiled a new strategy. It is focused on making PENGU one of crypto’s top five headline-generating projects by the end of 2026. The refreshed roadmap follows nearly two years of internal testing.
The project is also expanding beyond crypto. Its Vibes Series 3 trading cards recently launched in Target stores nationwide, marking its biggest retail rollout yet.
Looking ahead, the team is targeting a potential IPO by 2027, alongside further expansion of the Pudgy World gaming platform. Meanwhile, investors are also waiting for Canary Capital’s proposed PENGU ETF, which remains under SEC review.
Arrow (ARROW) – Robinhood Chain Narrative Fuels RallyARROW is one of today’s biggest gainers, trading at $2.06, up 33.4% in the last 24 hours. Its daily trading volume has surged nearly 600% to over $2 million, pushing its market cap to $18.6 million.
The rally comes after growing attention around Arrow Finance. Arrow Finance is building the first native CDP protocol on Robinhood Chain. This allows users to borrow against tokenized stocks, ETFs, and real-world assets without selling them.
The project has also announced an upcoming mainnet launch and completed a security audit. In addition, it opened a 30,000 USDT bounty program, further boosting investor interest.
ADI – Strong Despite $43.8M Token UnlockADI is changing hands at $6.93, gaining nearly 19% this week. This comes after successfully absorbing a $43.8 million token unlock on July 9 without major selling pressure.
The ADI Chain, its zkSync-based Layer 2, secured a $50 million strategic investment for “sovereign blockchain infrastructure.” Alongside this, it announced a reported BNY Mellon custody partnership expanding into Abu Dhabi.
Following the developments, the token now boasts a market capitalization of $873 million and ranks #69. Although 24-hour trading volume has eased to around $4.9 million, investors see the muted selling after the unlock as a sign of strong market confidence.
Cash Cat (CASHCAT) – Robinhood’s Fastest-Rising MemecoinCASHCAT is trading near $0.1456, extending its weekly gain to more than 63%. Trading volume has jumped over 84% to roughly $68 million, while its market cap has climbed above $123 million.
The memecoin has been trending since becoming the first major memecoin on Robinhood. It surpassed a $100 million market cap within 24 hours of launching on July 8.
Momentum received another boost after Binance Wallet listed CASHCAT perpetual futures with up to 10x leverage. This helped the token outperform even during a weak broader market.
Aerodrome Finance (AERO) – DeFi Activity Picks UpAERO is trading around $0.513, with a market cap of nearly $495 million. Trading volume has surged 48% over the past day to nearly $22 million. This signals renewed interest in the Base ecosystem’s leading decentralized exchange.
The protocol is finalizing its July merger with Velodrome into a unified cross-chain DEX called “Aero.” It has crossed $520 million in cumulative fees while still routing 61% of Base DEX volume through veAERO. Although AERO remains well below its all-time high of $2.32, rising on-chain activity and improving DeFi sentiment have helped put the token back on investors’ watchlists.
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Key Takeaways PENGU maintains a valuation near $1 billion while trading well below one dollar per token Baseline projection estimates $0.05–$0.10 price range, while optimistic scenario projects $0.25–$0.50 by 2031 Pessimistic outlook forecasts decline to $0.005–$0.01 amid potential NFT sector weakness The project differentiates itself with tangible merchandise, commercial agreements, and major retail distribution Weighted average five-year forecast indicates approximately $0.10 valuation by 2031 Pudgy Penguins defies conventional meme coin characteristics. Unlike similar digital assets that depend exclusively on social media momentum, the organization behind PENGU has dedicated considerable time developing a distinguished consumer-facing brand with tangible merchandise and commercial partnerships.
Pudgy Penguins (PENGU) Price PENGU presently exchanges at pennies on the dollar. The token commands approximately $1 billion in market capitalization, representing modest scale relative to established cryptocurrencies yet positioning it uniquely among NFT-originated projects and digital culture phenomena.
The franchise has transcended blockchain boundaries. Pudgy Penguins has secured retail shelf space for stuffed animals, executed commercial licensing contracts, and cultivated one of Web3’s most active followings. Such widespread consumer adoption remains exceptional within this sector.
Baseline Projection Analysis The central forecast assumes sustained progress on consumer-focused initiatives. Should physical product distribution expand geographically and commercial partnerships multiply, PENGU may achieve valuations between $0.05 and $0.10.
This projection corresponds to market capitalization spanning $4.5 billion through $9 billion. Such valuation would maintain PENGU beneath peak meme coin levels observed during prior bull markets, though the trajectory would demonstrate fundamental substance beyond pure speculation.
Wider cryptocurrency market appreciation would provide additional support. NFT collections and community-driven tokens typically experience revived attention during broader market rallies.
Optimistic and Pessimistic Outlooks The optimistic projection places PENGU between $0.25 and $0.50. Achieving this requires Pudgy Penguins penetrating gaming sectors, animated content, and mass entertainment — effectively transforming into a worldwide recognized property.
These valuations correspond to market capitalization ranging from $22 billion to $45 billion. While aggressive, this target demonstrates potential value creation from robust intellectual property development.
The pessimistic scenario envisions decline toward $0.005–$0.01. Diminished NFT sector interest, stagnating retail performance, reduced community participation, or substantial token unlock events could collectively pressure prices downward through 2031.
Market competition presents genuine challenges. The meme coin landscape evolves rapidly, with emerging projects continuously competing for investor attention and capital.
The probability-adjusted five-year valuation target, incorporating all analytical scenarios, indicates approximately $0.10 by 2031.
PENGU’s present $1 billion market valuation captures the project’s current position — a blockchain-native brand demonstrating preliminary mainstream adoption signals, continuing efforts to establish sustained long-term relevance.
Key Takeaways PENGU is currently priced around $0.006 with approximately $400 million in market capitalization and 88.9 billion tokens in maximum supply Mid-range projections suggest $0.03–$0.06 pricing, driven by sustained brand momentum and community engagement Optimistic scenario envisions $0.15–$0.30 if the project successfully penetrates gaming, entertainment, and international licensing markets Pessimistic outlook places PENGU between $0.003–$0.008 should consumer enthusiasm diminish and token release schedules create downward pressure In 2025, Canary Capital submitted an ETF application featuring PENGU tokens and Pudgy Penguins NFTs as underlying assets What began as a simple NFT project has transformed into something more substantial. Pudgy Penguins now operates as a legitimate consumer brand with physical merchandise available at prominent retailers and a robust online community.
This distinguishes PENGU from typical meme tokens that depend exclusively on viral momentum and speculative trading to maintain their market positions.
The token currently hovers around $0.006, maintaining a market capitalization near $400 million against a total supply ceiling of roughly 88.9 billion tokens.
Pudgy Penguins (PENGU) Price While established cryptocurrencies like Bitcoin or Ethereum derive value from technological infrastructure, PENGU’s valuation hinges primarily on brand recognition and consumer appeal.
Potential Price Trajectories The moderate forecast for PENGU positions prices within a $0.03 to $0.06 range. This projection assumes continuous brand development, sustained NFT collection relevance, and consistent physical product sales.
Such pricing would establish market capitalization between $2.7 billion and $5.3 billion — notably below the peak valuations achieved by dominant meme tokens during previous cycles.
Pudgy Penguins possesses a distinct advantage through its retail distribution network. While most meme tokens remain confined to cryptocurrency exchanges, physical toys on store shelves provide tangible brand exposure to mainstream consumers.
The aggressive forecast projects PENGU reaching $0.15 to $0.30. This outcome requires successful expansion into interactive gaming, media production, and worldwide licensing agreements, coinciding with favorable broader cryptocurrency market conditions.
Canary Capital’s 2025 ETF filing, which incorporated both PENGU tokens and Pudgy Penguins NFTs, signals emerging institutional recognition from conventional financial sectors.
Downside Considerations The conservative scenario places PENGU between $0.003–$0.008. Without fundamental protocol functionality, PENGU’s valuation remains vulnerable to shifts in community participation and overall market psychology.
Scheduled token releases represent a significant concern. When additional supply enters circulation without corresponding demand growth, downward price pressure typically follows.
The cryptocurrency landscape continuously introduces new meme tokens each market cycle, creating fierce competition for sustained investor attention and capital allocation.
Applying probability-weighted analysis across multiple scenarios yields an approximate five-year target of $0.05 by 2031, with the moderate case representing the most probable outcome.
The present price point near $0.006 and $400 million market capitalization represents the current market consensus on the brand’s tangible and intangible assets.
Pudgy Penguins (PENGU) is hovering near $0.0064. The chart shows the early stage of an uptrend. Pudgy Penguins (PENGU) is battling to move in any direction within the extreme fear market. Bulls are attempting to flip the asset’s momentum green. Moreover, the technical structure is leaning bullish, and the short-term price movement shows a positive trend to set in the PENGU market.
If the buyers firmly work on the ground, the momentum stays green. Significantly, Pudgy Penguins is currently trading at around the $0.006448 range, with a 4.84% rise in value over the last 24 hours. The current price is holding above the daily low at $0.006084, with the highest trading level noted at $0.006451.
Pudgy Penguins’ price structure depends on its upcoming ranges, and the initial resistance level might be positioned at $0.006490. The price action would climb higher with the assistance of bulls to the $0.006548 level. A stronger move above $0.0066 confirms that buyers are in control, gradually aiming higher targets.
On the flip side, the immediate support after the bears re-enter the PENGU market would be at $0.006401. The price momentum may follow the downside correction and hit a low of $0.006358. A deeper plunge toward or below $0.0062 is crucial for the token’s trajectory, where it may continue to retrace or stall.
Is Pudgy Penguins Heading Toward the Green Side? The four-hour technical chart of PENGU reveals that the MACD is above the zero line while the signal line is just below the zero line. It hints that the bullish momentum is starting to strengthen. The short-term trend has turned positive, and the broader momentum is still catching up.
This setup often reflects an early stage of a bullish trend, with buyers gradually gaining control if the asset’s momentum continues to improve.
Furthermore, Pudgy Penguins’ daily Relative Strength Index (RSI) is stationed at the 60.26 level, and it exhibits a healthy bullish momentum. The value is comfortably staying above the neutral level, with the buyers currently having the upper hand.
At the same time, it also remains below the 70 overbought threshold, suggesting there is still room for more upside before the market becomes overstretched. This supports a positive price outlook, provided buying momentum continues to hold.
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PANews reported on January 14th that, according to SoSoValue data, the cryptocurrency market saw a general rebound after a period of correction, with most sectors rising by approximately 3% to 8% in the past 24 hours. The NFT sector led the gains with an 8.34% increase, with Pudgy Penguins (PENGU) rising 13.36% and ApeCoin (APE) rising 13.17%. Additionally, Bitcoin (BTC) rose 4.34%, surpassing $95,000, and Ethereum (ETH) rose 7.40%, surpassing $3,300.
In other sectors, the Meme sector rose 7.31% in the last 24 hours, with Pepe (PEPE) surging 16.06%; the RWA sector rose 6.95%, with Keeta (KTA) rising 16.69%; the Layer 2 sector rose 6.92%, with Optimism (OP) rising 17.21%; the DeFi sector rose 6.73%, with Ethena (ENA) rising 13.06%; the PayFi sector rose 5.35%, with Dash (DASH) rising 42.84%; the Layer 1 sector rose 4.99%, with Polkadot (DOT) rising 9.48%; and the CeFi sector rose 4.55%, with Binance Coin (BNB) rising 4.81%.
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My Neighbour Alice (MNA), the blockchain multiplayer builder game, has announced the Pudgy Penguins integration, coming with a new winter-themed expansion. The collaboration will introduce ‘The Pudgy Land’ to the Snowflake Wilds region, and it will offer utility to NFT owners both in-game and in the customization department. The integration sees 8,888 Pudgy Penguins, 22,222 Lil Pudgys and 7,399 Pudgy Rods enter the MNA universe as 3D avatars, ready to be rendered.
The update allows owners of Pudgy NFTs to gain access to new in-game functions, together with quests, emotes, and fishing equipment that are associated with their particular resources. Snowflake Wilds is the seasonal location where users will be able to explore, craft and play with their NFTs.
When entering the metaverse, all avatars are presented in the form of an egg, which subsequently opens and displays the player’s exact characteristics of the NFT. The move is one of the significant steps in the evolution of blockchain gaming and cross-chain interoperability.
Pudgy NFT Perks Unlocked as Winter Quests Launch for All in MNA In the near future, the owners of the Pudgy Penguins NFTs will be able to edit in-game profiles, attach Pudgy Rod skins, and complete special NPC tasks to get winter-themed rewards. The partnership also involves unique emotes and wearables that Pudgy owners will be able to create and make money out of. These mechanics have boosted economies within games because they have associated digital ownership with real-time interaction within the game.
At the same time, features will be reserved for Pudgy NFT holders, while My Neighbour Alice has unveiled seasonal content to its wider community. Every player will have an opportunity to participate in winter quests and themed rewards, which contribute to the concept of inclusive participation mentioned by MNA. This new content addition came with the release of Chapter One: A New Beginning, which was released on June 17.
Building an Open and Interoperable Game Ecosystem ChromaWay VP of Games and MNA Steve Haassenpflug called the partnership a march towards an open metaverse. The introduction of Pudgy makes all of its items native 3D assets in-game, giving the NFT interaction a cross-platform scale.
The collaboration brings value to Chromia’s overarching goal of building player economies, which are driven by on-chain technology. This is the first of many such cross-brand integrations to happen in My Neighbour Alice, which will serve to enhance the experience of playing the game as well as push the use case of NFTs in virtual worlds.
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My Neighbor Alice will include three Pudgy collections that will be given to life as three-dimensional characters. As a result of the agreement with Pudgy Penguins, all 8,888 Pudgy Penguins, 22,222 Lil Pudgys, and 7,399 Pudgy Rods Collections will be included into My Neighbor Alice collection. For the purpose of establishing a new Pudgy Land region, multiplayer builder game My Neighbor Alice (MNA) has announced that it has formed a partnership with Pudgy Penguins. In addition, the partnership will result in the development of unique quests and the integration of all Pudgy NFTs, complete with their own characteristics. This will represent a significant step forward in terms of interoperability across different chains.
My Neighbor Alice will include three Pudgy collections that will be given to life as three-dimensional characters. This will give players the opportunity to explore the game’s open world with their preferred avatar. Holders of Pudgy will also get unique access to Pudgy Land, a place where they may congregate and engage in conversation with other individuals who share their enthusiasm for the adorable penguins.
As a result of the agreement with Pudgy Penguins, all 8,888 Pudgy Penguins, 22,222 Lil Pudgys, and 7,399 Pudgy Rods Collections will be included into My Neighbor Alice collection. The holders of the popular NFTs will be able to benefit from this by gaining access to new missions and games inside the MNA universe.
Both new and current players will have extra incentives to accomplish tasks inside My Neighbor Alice as a result of this partnership, which corresponds with the launch of Chapter One: A New Beginning on June 17. In the process, the alliance establishes new standards for web3 interoperability, demonstrating what can be accomplished when leading projects connect across a variety of blockchain ecosystems.
Steve Haßenpflug, VP of Games at ChromaWay and My Neighbor Alice, said:
“With this partnership we’re pushing the envelope when it comes to interoperability. We haven’t just integrated the Pudgy Penguins brand but have made all 40,000 items awaken as native 3D assets within My Neighbor Alice. Now, Pudgy holders can see their own unique NFTs come to life in-game, interact with the world, enjoy exclusive gameplay and even create new experiences for others. That’s the power of connected ecosystems and a big step towards the open metaverse.”
In an effort to broaden the scope of the Alice universe, Snowflake Wilds, a chilly and emotionally satisfying winter wonderland, has been built. With Pudgy Land at its core, the community has a place to congregate, go on quests, make crafts, and communicate with one another. Those who own Pudgy Penguins and Lil Pudgy’s will be able to see their buddy beginning as an egg and then hatching to disclose the specific NFT possession that they have. Additionally, they have the ability to personalize their in-game profile by using their Pudgy Penguin, and individuals who wield a Pudgy Rod may attach a fishing rod skin that is unique to them and use it to catch unique fish.
One of the other tie-ins that resulted from the partnership between MNA and Pudgy was the creation of a collection of emotes with a Pudgy theme that holders were able to create on their own. The owners of Pudgy have the extraordinary power to develop and sell these emotes to other players inside the game, which opens up significant chances for them to make money off of their ownership of NFTs.
There are certain perks of the partnership that are just accessible to Pudgy holders, but there are other possibilities that are open to the whole MNA community. For example, there are seasonal missions that give out prizes that are related to winter. Pudgy holders, on the other hand, will have the ability to make unique themed clothing and accessories, as well as participate in special tasks that are granted by Pudgy-styled non-player characters.
Lummelunda will see an increase in the number of visitors as a result of the relationship with Pudgy Penguins, which will also result in the introduction of a new winter season and the beginning of a new season of My Neighbor Alice. This is the first of many integrations that will bring popular IP and NFT collections into My Neighbor Alice. These integrations will provide fresh opportunities to connect with one another and explore an open world that is shaped by the community.
My Neighbor Alice is a multiplayer builder game that is developed on Chromia’s Blockchain. It provides a gaming experience that is entirely on-chain and takes place on a delightful virtual island. The use of Blockchain technology enables participants to acquire and exchange virtual assets (NFTs). Players are able to purchase, sell, and trade these non-fungible tokens (NFTs) via the game’s marketplace, which results in the creation of a dynamic and player-driven virtual economy. Players are able to participate in community activities, win rewards, and monetize their works, all of which contribute to the development of a feeling of ownership and teamwork.
Through the development of cutting-edge technologies that facilitate a smooth onboarding process, Pudgy Penguins is committed to ensuring that Web3 is available to all users. By putting an emphasis on empowering communities and increasing brand recognition, they have become the most dominant intellectual property (IP) in the Web3 domain, while simultaneously undermining the conventional IP realm. They are dedicated to having an effect on the average customer and to influencing the future of IP, Web3, and beyond. Please visit pudgypenguins.com for more information.
https://www.pudgypenguins.com/ gives you further information.
Pudgy NFT holders will have exclusive access to Pudgy Land, a dedicated area in My Neighbor Alice built for interaction, exploration, and crafting.
My Neighbor Alice (MNA), a blockchain-based multiplayer builder game, has partnered with Pudgy Penguins to introduce a new in-game region called Pudgy Land. The collaboration enables full integration of the Pudgy Penguins, Lil Pudgys, and Pudgy Rods NFT collections into the MNA universe.
Notably, the partnership coincides with the launch of Chapter One: A New Beginning on June 17, marking a fresh start for the game. MNA players can now explore new quests and winter-themed content in a newly added environment called Snowflake Wilds. This area is part of the broader Pudgy Land experience.
Exclusive Pudgy Land Features for NFT Holders NFT holders from the Pudgy community will have exclusive access to Pudgy Land, a zone within My Neighbor Alice designed for social interaction, exploration, and crafting. All 8,888 Pudgy Penguins, 22,222 Lil Pudgys, and 7,399 Pudgy Rods will be rendered as unique 3D avatars inside the MNA world.
These NFTs can be used as playable characters, starting as eggs that hatch into the user’s specific asset. Holders can customize their profiles with Pudgy traits and use Pudgy Rods to engage with themed fishing mechanics. These features add depth to the immersive experience in Pudgy Land.
My Neighbor Alice’s VP of Games, Steve Haßenpflug, described the integration as a major step toward blockchain interoperability. He said the project has made over 40,000 Pudgy NFTs functional in-game as native 3D assets, enabling new forms of user-driven content and gameplay.
A New NFT Gameplay The MNA update introduces new Pudgy-themed content, including non-player characters (NPCs), interactive quests, and craftable wearable items tailored for NFT holders. Players can also create emotes tied to their NFTs and sell them to others within the MNA ecosystem.
While several features are exclusive to Pudgy holders, the seasonal update also includes general quests and winter-themed items available to all players. This blend of exclusive and accessible content is designed to attract both new users and existing NFT communities.
Looking ahead, the collaboration marks the beginning of a broader initiative to integrate more NFT projects into the Alice metaverse. My Neighbor Alice aims to foster cross-collection interoperability while expanding its open-world, community-driven gameplay.
The multiplayer game is creating a new winter wonderland zone for everyone and a private enclave for owners of the popular NFTs.
Pudgy Penguins are getting their metaverse on again.
Not satisfied with staying confined to their own Pudgy World metaverse, Pudgy Penguins are expanding into a new virtual world, according to a press release shared with The Defiant. The beloved NFT brand is integrating with My Neighbor Alice, a web3 multiplayer game, as part of a broader partnership.
A core part of the partnership is a special zone in the game built for Pudgy Penguin NFT collection holders. My Neighbor Alice will feature a special Pudgy Land region in its new Snowflake Wilds, “a frosty, feel-good winter wonderland” area of the game.
While Snowflake Wilds are open to everyone, Pudgy Land is exclusively for owners of Pudgy Penguin NFTs, including Lil Pudgys and Pudgy Rod collection holders. Pudgy Land is a part of the game “where the community can hang out, quest, craft, and connect,” according to the press release.
Holders of Pudgy Penguins and Lil Pudgys will enter the game with their NFT as an egg that hatches to become their specific NFT. Holders of Pudgy Rods, which are fishing rods created to accompany each Pudgy Penguin NFT, will be able to equip them with custom fishing rod skins and use them to catch special fish.
“With this partnership we're pushing the envelope when it comes to interoperability,” said Steve Haßenpflug, vice president of games at ChromaWay and My Neighbor Alice in a statement, continuing:
“Now, Pudgy holders can see their own unique NFTs come to life in-game, interact with the world, enjoy exclusive gameplay and even create new experiences for others. That’s the power of connected ecosystems and a big step towards the open metaverse.”My Neighbor Alice is built on the Chromia blockchain, where players can own, trade and sell virtual asset NFTs. Pudgy Penguins NFT collections are based on Ethereum.
Penguins EverywhereThe Pudgy Penguin brand’s own Pudgy World metaverse, built on ZKSync, is currently in closed beta but promises to launch “soon.”
December’s launch of the project’s Solana-based PENGU token via airdrop was controversial, and characterized by high volatility for both the token and the NFT collection, with Pudgy Penguins’ floor price spiking as high as 25 ETH as the launch approached. It is currently 9.24 ETH, according to NFTPriceFloor.
Last month, Pudgy Penguins waddled over to the TON blockchain, allowing 1 billion-plus Telegram users to play Pengu Clash, a multiplayer skill game with mini-games like darts, football and bomber with token-based incentives, tournament rules, unlockable gear, accessories and team cosmetics, according to Pudgy Penguins. It is “pay-to-win” free, the company said in a release.
Also in May, Pudgy Penguins revealed that it was expanding its off-chain activities beyond physical plushies to publishing a children’s book with Random House titled “The Worst Birthday Present Ever.”
NFT prices have dropped dramatically since the airdrop high, which lasted through January, but could be going up if the Securities and Exchange Commission green-lights Canary Capital’s proposed Pudgy Penguin ETF, which will hold PENGU tokens as well as up to 15% of its assets in Pudgy Penguin NFTs.
PENGU is up about 2% on the day and 16% on the week, according to The Defiant’s price data.
Memecore ($M) is back in the spotlight, surging 55% in the past week and breaking out of a stubborn descending wedge pattern.
Backed by heavy trading volume and an $870M market cap, the move has traders eyeing a potential 160% push toward its all-time high near $1.
Why does this matter? Because Memecore’s breakout isn’t just a single-chart anomaly; it’s a signal that meme coin momentum is waking up again after weeks of sluggish price action.
When a mid-cap like Memecore starts ripping, it often stirs up retail FOMO across the entire sector.
That renewed energy is why it’s worth watching the meme coin landscape closely. In this piece, we’ll break down three of the most compelling plays right now: two high-potential presales that could ride this wave early, plus one established pick with plenty of room to run.
Why Memecore’s Breakout Could Signal a Meme Coin Rally Memecore’s breakout above its descending wedge has flipped a key resistance zone between $0.43 and $0.55 into support, setting up a clean technical base for further upside.
This consolidation is drawing attention from prominent traders like innovatorYK and CryptoSmith0x, whose bullish calls are helping fuel social volume and renewed interest in meme coins.
Adding to the momentum is the broader market backdrop. The ongoing Solana ETF hype is funneling fresh liquidity into the best altcoins, while Ethereum’s steady recovery is keeping cross-chain traders engaged. For meme coins, this mix of catalysts often sparks outsized moves — and Memecore is currently leading the charge.
Just as critical, Memecore’s $27M in 24-hour trading volume shows real capital is flowing, signaling conviction from both retail and whales.
The best meme coins are also evolving, blending their satirical roots with emerging utility and community-driven features. With Memecore heating up, it’s time to look at three meme coins poised to ride this wave next:
1. Maxi Doge ($MAXI) – The Alpha Meme Coin for Traders Maxi Doge ($MAXI) is a full-blown degen lifestyle play.
Priced at $0.0002505, with over $320K raised in its presale, $MAXI embraces a 1000x leverage, gym-pumped narrative that’s turning heads across Crypto Twitter.
Its ‘final form,’ the Doge branding leans into pure hustle culture: nonstop grind, relentless green candles, and zero room for paper hands.
What sets $MAXI apart is its forward-looking roadmap. The team has teased potential partnerships and even futures trading features designed to position $MAXI as more than a Dogecoin derivative.
Early staking rewards (currently 797%) are also on the table, rewarding diamond-handed traders willing to lock in for the long haul.
Social momentum is building fast, with an expanding community of ultra-aggressive traders who see $MAXI as the meme coin to dominate this cycle. With Memecore reigniting the sector, $MAXI looks primed to flex even harder.
2. TOKEN6900 ($T6900) – The Honest, No-Utility Meme Coin TOKEN6900 ($T6900) is what happens when you strip a meme coin down to its rawest form: zero utility, no roadmap, and no empty promises.
Priced at $0.006825 with over $1.6M raised in its presale, it’s a satirical jab at traditional finance, even mocking the S&P 500 with its unapologetically absurd branding.
Unlike the wave of ‘AI-powered’ meme coins with overinflated pitches, TOKEN6900 thrives on brutal honesty. Its fixed supply and fair presale have won over a growing army of meme purists who are sick of utility theater and just want the real degeneration back.
This anti-Wall Street positioning has sparked genuine community buzz, making $T6900 one of the most talked-about presales on Ethereum. With staking rewards (currently 38%) adding a layer of degen-friendly tokenomics, it’s a project that fully embraces the culture.
In a market where authenticity hits harder than any narrative, TOKEN6900 feels tailor-made for the current high-risk, high-reward crypto climate.
3. Pudgy Penguins ($PENGU) – The Established Meme Icon Going Mainstream Pudgy Penguins ($PENGU) is a cultural heavyweight in the meme coin industry. With a ~$2.2B market cap and price around $0.035 (up 118% in the past month), $PENGU has cemented itself as one of the most recognized names in crypto.
Its partnerships stretch far beyond Web3: from Walmart selling plushies to Random House book deals and even NASCAR collaborations, it’s bridging the gap between memes and mainstream markets.
PENGU’s ecosystem also brings utility. Its NFT-driven brand extends into Web3 gaming integrations like My Neighbor Alice, creating a mix of culture and commerce that few meme coins can match. Recent ETF speculation and even McDonald’s swapping its PFP to a Pudgy avatar only add fuel to the fire.
For traders hunting a meme coin with staying power, $PENGU stands out. It’s a maturing brand with the potential to bring meme culture into the global spotlight.
Final Verdict: Meme Coins Are Heating Up Again Memecore’s breakout is more than a single-coin rally – it’s a signal that meme coin momentum is swinging back in full force. When liquidity, social buzz, and community conviction align, even the most satirical tokens can rip.
For those hunting early exposure, $MAXI and $T6900 bring two radically different presale narratives: high-octane trader culture and unapologetic meme maximalism.
Meanwhile, $PENGU stands as a battle-tested favorite, proving that memes can evolve into mainstream brands with staying power.
Still, meme coins are volatile by nature. Treat them as high-risk, high-reward plays, and always do your own research (DYOR) before you buy anything.
Pudgy Penguins leads trending cryptos with major gains in price and trading volume. deBridge and Bedrock post top weekly rallies, driven by high speculative trading activity. Large-cap tokens see mixed results as traders shift focus to emerging, volatile assets. A new report from Phoenix Group, using CoinMarketCap data for June 28, 2025, shows Pudgy Penguins (PENGU) leading a shift among trending cryptocurrencies. The rankings highlighted sudden changes across the digital asset market, with PENGU, deBridge (DBR), and Bedrock (BR) each recording standout trading figures and market moves.
Pudgy Penguins (PENGU) claimed the top spot among trending tokens, posting a market capitalization of $734.3 million and a 24-hour trading volume of $339.7 million. PENGU’s price reached $0.011, climbing 23.7% over the past week.
The report attributes this activity to higher community participation and broader access on major exchanges, including Binance. These developments positioned PENGU as a choice for traders looking for tokens with high liquidity and active trading environments.
deBridge and Bedrock Record Major Rallies The week saw deBridge (DBR) and Bedrock (BR) log some of the largest percentage gains among tracked tokens. DBR advanced 79.5% to a price of $0.027 and reported an $80.2 million market cap, with daily trading activity of $83.4 million.
Bedrock’s price rose 66.6% to $0.079, while its market cap reached $16.7 million. Both tokens gained traction on exchanges such as OKX and Gate.io. The report indicates that this activity reflected increased attention from speculative traders focusing on newer, lower-cap tokens.
Mixed Results for Larger-Cap Cryptos Market performance was not uniform across all tokens. Quant (QNT), the largest by market capitalization on the list at $1.5 billion, increased by 11.1% to $106.47. Meanwhile, Livepeer (LPT) fell 4.1%, and Walrus (WAL) dropped 9.2% over the same period. The rankings show traders rotated capital between established and emerging assets, responding to shifts in short-term momentum.
The data points to renewed engagement by retail traders, especially on exchanges like Binance and Bybit, where both established and lesser-known tokens saw large volume. The trading patterns show an ongoing search for high-reward opportunities among emerging projects, while larger assets became targets for profit-taking.
AUTHOR
Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
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Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
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China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
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Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
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A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
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Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
PANews reported on April 21 that, according to SoSoValue data, the cryptocurrency market saw a slight rebound, with the NFT sector performing particularly well, leading the gains with a 3.80% increase in the past 24 hours. Among them, Blur (BLUR) rose 13.35%, and Pudgy Penguins (PENGU) rose 7.50%. Meanwhile, Bitcoin (BTC) rose 1.73%, returning above $76,000; Ethereum (ETH) rose 1.28%, breaking through $2,300.
In other sectors, the SocialFi sector rose 5.63% in the last 24 hours, with Toncoin (TON) and Chiliz (CHZ) rising 5.62% and 12.54% respectively; the Meme sector rose 1.66%, with Binance Life rising 10.37%; the Layer 2 sector rose 1.53%, with ImmutableX (IMX) rising 7.38%; the PayFi sector rose 1.42%, with Safe (SAFE) rising 7.91%; the CeFi sector rose 1.39%, with Gate (GT) rising 2.79%; the Layer 1 sector rose 1.16%, with Canton Network (CC) rising 5.06%; and the DeFi sector rose 0.40%, with Curve DAO (CRV) rising 4.10%.
PANews reported on April 23 that, according to SoSoValue data, most sectors in the crypto market rose, with the NFT sector performing particularly well, rising for the third consecutive day and gaining another 2.63% in the last 24 hours. Among them, Pudgy Penguins (PENGU) rose 8.88%, Blur (BLUR) rose 8.32%, and Audiera (BEAT) and Zora (ZORA) rose 3.17% and 3.64% respectively. Meanwhile, Bitcoin (BTC) rose 2.76%, breaking through $78,000; Ethereum (ETH) rose 2.09%, approaching $2,400.
In other sectors, the Layer 2 sector rose 1.14% in the last 24 hours, with Starknet (STRK) up 18.56%; the Meme sector rose 1.12%, with SPX6900 (SPX) up 14.87%; the DeFi sector rose 0.85%, with Genius (GENIUS) up 16.71%; the CeFi sector rose 0.83%, with Bitget Token (BGB) up 3.08%; the Layer 1 sector rose 0.58%, with Canton Network (CC) up 2.65%; the PayFi sector fell 0.24%, but Ultima (ULTIMA) rose 5.94%.
Dogwifhat (WIF), Pudgy Penguins (PENGU), and Artificial Superintelligence Alliance (FET) are leading the bullish charge over the last 24 hours. The meme and AI coins anticipate further growth as momentum shifts bullish amid the ongoing US Federal Reserve (Fed) meeting on a potential 25-basis-point interest rate cut.
Dogwifhat faces opposition from the 50-day EMADogwifhat trades below the 50-day Exponential Moving Average at $0.450, struggling to break above the resistance trendline connecting the October 13 and 29 highs on the daily logarithmic chart. At the time of writing, WIF is trading lower by nearly 1% on Wednesday, after a 12% rise the previous day.
If the meme coin clears above $0.450, it could extend the recovery to $0.619, aligning with the October 13 high.
The technical indicators on the daily chart suggest a rise in bullish momentum. The Relative Strength Index (RSI) is at 54, holding steady above the halfway line with room on the upside reflecting growth potential before hitting the overbought zone.
Similarly, the Moving Average Convergence Divergence (MACD) indicates a rise in trend momentum as the average lines rise toward the zero line, accompanied by intense green histogram bars.
WIF/USDT daily logarithmic chart.Looking down, if WIF reverses from $0.450, it could risk revisiting the November 22 low at $0.308.
Pudgy Penguins extends breakout rally Pudgy Penguins is down 1% at press time on Wednesday, following a 10% rise on the previous day. The meme coin steadies toward the 50-day EMA at $0.01485 after a bullish breakout from the descending channel on the daily logarithmic chart.
Beyond the moving average, the November 11 high at $0.01665 and the 200-day EMA at $0.02064 could serve as overhead resistances.
The RSI is at 50 on the daily chart, reflecting a recovery to neutral levels from heightened selling pressure. Additionally, the MACD and signal line boost the upward trend, signaling increasing bullish momentum after the channel breakout.
PENGU/USDT daily logarithmic chart.On the flip side, the $0.01000 psychological level serves as a key support.
Artificial Superintelligence Alliance aims for a bullish breakout of a falling channel patternArtificial Superintelligence Alliance trades above $0.2600 at press time on Wednesday after gaining nearly 10% on Tuesday. The AI token eyes to break above the resistance trendline of the falling channel pattern at $0.2650.
A decisive close above this level could confirm the pattern breakout, which could extend the rally to the 50-day EMA at $0.2977, followed by the 200-day EMA at $0.5144.
The MACD indicator flashes a bullish crossover on the daily chart, as the blue line crosses above the red one, accompanied by fresh green histogram bars. Meanwhile, the RSI at 48 hovers close to the midline, maintaining a neutral stance.
FET/USDT daily logarithmic chart.If FET reverses from $0.2650, a downcyle within the falling channel pattern could test the lower boundary near the $0.2000 round figure.
PANews reported on August 1st that according to Coingecko data, six of the top 300 cryptocurrencies by market capitalization have seen monthly gains exceeding 100% over the past 30 days. The specific gains are as follows:
Zora (ZORA) rose 746.5% and is currently trading at $0.0698; Rekt (REKT) rose 208.3% and is currently trading at $0.0000008631; Conflux (CFX) rose 183.9% and is currently trading at $0.2114; Pudgy Penguins (PENGU) rose 134.4% and is currently trading at $0.03333; Ethena (ENA) rose 125.5% and is currently trading at $0.5862; Story (IP) It rose 102.7% and is now priced at $5.88. WEMIX (WEMIX) rose 94.6% and is now priced at $0.773. Convex Finance (CVX) rose 85.1% and is now priced at $4.14. Qubic (QUBIC) rose 82.1% and is now priced at $0.000002518. Bonk (BONK) rose 79.6% and is now priced at $0.00002554.
Author: PA一线
This content is for market information only and is not investment advice.
In brief Yield Guild Games has launched a new publishing division, YGG Play, focused on casual, crypto-native titles it dubs “Casual Degen” games. Its first release, LOL Land, is a browser-based board game that features Pudgy Penguins community characters and offers token-based rewards. The game has launched exclusively on Pudgy Penguins' Abstract Chain and has received over 100,000 pre-registrations ahead of release, according to YGG. After four years of watching Web3 games struggle to find their audience, Yield Guild Games decided the industry had to rethink how it matches players with the kind of games they're actually in for: lighthearted chaos, in a "casual degen" vibe.
Instead of chasing broad mainstream adoption, the guild protocol launched YGG Play, a new game publishing unit dedicated to games that embrace the degen culture, with LOL Land, a web browser-based game explicitly designed for crypto-native players who live in the proverbial trenches.
"People play casual games on their phones while commuting, waiting in line, or taking a break," Gabby Dizon, co-founder of YGG, told Decrypt. "They do it for fun as well as rewards like streaks, badges, or collectibles. And they happily spend a lot of real money on those games."
Through its years of establishing a foothold with Web3 gamers by pioneering the so-called "play-to-earn" movement from 2020, YGG has learned "what's fun, what works and what doesn't," leading it to develop "some very strong opinions on how to best serve the crypto market," Dizon explained in a separate statement shared with Decrypt.
The move represents a strategic shift for YGG from investing in Web3 games to creating them directly. Rather than targeting mainstream gamers, the guild is focusing on crypto-native users who trade meme coins, mint NFTs, and engage in speculative activities.
The new game, LOL Land, features four thematic boards, including YGG City, Beach Day, Carnival, and Ice World Wonderland, which showcases Pudgy Penguins IP with playable characters based on community members like Aaron Teng and Rusk0f.
The game offers two distinct gameplay modes. Free play provides unlimited rolls without token rewards, while premium mode requires purchasing rolls to earn points redeemable for YGG tokens from a $10 million prize pool.
The browser-based board game surpassed 100,000 pre-registrations before launching exclusively on Abstract Chain, according to YGG.
For LOL Land, players can "earn YGG tokens and [you] can use them to claim NFTs,” Dizon explained.
The game draws directly from Dizon's experience in casual games and his experience in Web3 gaming thereafter.
"Before getting into crypto and founding YGG, I was a game developer for a little bit over 20 years," Dizon shared with Decrypt. "I was making casual games for much of my career."
Degens over mass marketThe publishing strategy deliberately targets crypto enthusiasts rather than attempting to onboard traditional gamers. Dizon argues this approach addresses an underserved market segment larger than hardcore Web3 gaming.
"If you look at people who are trading meme coins, minting NFTs, or trading on exchanges, these are people that you can consider to be possible players under the 'Casual Degen' label," Dizon said.
Asked about how he thinks Web3 games could last, Dizon, who claims to prefer playing single-player RPGs like Clair Obscur: Expedition 33, told Decrypt it's a matter of perseverance.
"I do think that Web3 games can have a lasting impact on people," he said. "It's hard to make games in general. It's even harder to make games that have new technology and figure out what the right format is for that technology, for people to use it.
Edited by Sebastian Sinclair
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Delphi Digital says the airdrops are over, after finding that 78% to 94% of recipient wallets across six major tokens sold most of their allocation within 90 days.
The research firm tracked 3.7 million wallets over five years, arguing that free token giveaways now produce sellers rather than committed holders.
Are Airdrops Dead? Delphi Says Up to 94% of Wallets Dump Within 90 DaysAirdrops became a standard way for projects to seed communities and reward early users. However, the model has faced scrutiny lately.
Delphi studied Uniswap (UNI), Arbitrum (ARB), Jupiter (JUP), and Pudgy Penguins (PENGU), among other tokens spread across four chains. Exit rates rose over time rather than settling down.
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Holders Selling Tokens After an Airdrop. Source: X/Delphi DigitalDelphi found real dump rates ran 4 to 11 percentage points higher at day 90 than at day 30. The widely cited 30-day figure, therefore, understates the number of recipients who leave.
The firm made four core arguments for why it could get worse for airdrops. First, the cost of running fake “sybil” wallets is collapsing toward zero as automated tools make farming cheap and detection unreliable.
Second, the next wave of issuers, including tokenized treasuries and regulated DeFi, won’t send tokens to anonymous wallets. Third, the acquisition math fails, with Arbitrum paying an estimated $1.16 billion to users who left within a month.
Finally, the firm also said that outlier wins prove little. Hyperliquid (HYPE) absorbed sales through buybacks, funded by more than $1 billion in revenue. Jito (JTO) avoided farming because its eligible group stayed small.
“Token economics are starting to require real protocol performance. MegaETH locked 53% of its supply behind performance targets. Pendle routes roughly 80% of revenue into buybacks for stakers. Token distribution is moving from handouts to performance,” Delphi added.
Independent tracking had already pointed the same way. A trader previously logged 30 airdrops received since December 2024, finding only one still trading above its launch price at the time. Several had collapsed almost entirely, reinforcing the pattern.
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After one of the steepest sell-offs in crypto history, digital assets have begun to recover. A renewed wave of buying has lifted both memecoins and major tokens, driven by easing tensions between the U.S. and China and a rebound in overall market sentiment.
In brief Memecoin market cap jumps to $68.8B, with Dogecoin, WIF, and PENGU leading double-digit gains. Bitcoin recovers to $115,227 after flash crash; major altcoins like ETH and SOL also rally. Arjun Vijay calls the crash a “temporary glitch,” driven by cascading liquidations and leverage. Analysts say the correction cleared excess leverage, setting the stage for a stronger market rebound. Top Memecoins Surge as Crypto Market Recovers from Massive Selloff Memecoins staged a sharp recovery on Monday as crypto markets bounced back from one of the worst liquidation events in recent history. The sector’s total market capitalization climbed to $68.8 billion, up 12.6% on the day, according to market data.
Here’s how the top memecoins performed during the session:
Dogecoin (DOGE) jumped 11.9% to trade at $0.21, leading the memecoin rebound. Dogwifhat (WIF) posted the strongest gain, soaring 18.4% in 24 hours. Pudgy Penguins (PENGU) followed closely with a 17.5% surge as traders returned to riskier assets. Pepe (PEPE) also advanced, climbing 13.2% amid renewed market momentum. Bonk (BONK) rose 15.3%, extending its strong performance from last week. Shiba Inu (SHIB) added 9.4%, rounding out the memecoin sector’s broad recovery. The strong performance across memecoins reflected a renewed appetite for risk following last week’s market turmoil.
Friday’s selloff wiped out nearly $20 billion in digital asset positions, with Bitcoin (BTC) plunging from $121,000 to as low as $109,000 in a single day. By Monday morning, BTC had recovered to $115,227, up 2.9%, while major altcoins also rallied—Ethereum (ETH) rose 8.4%, BNB (BNB) gained 12.2%, and Solana (SOL) added 8.7%.
Arjun Vijay Calls Flash Crash a ‘Temporary Glitch’ as Memecoins Lead the Comeback Arjun Vijay, the founder of the crypto exchange Giottus, said the rebound was expected following the recent “flash crash.” He explained that cascading liquidations drove the previous drop and that high-risk assets, such as memecoins, typically recover the fastest during market rebounds.
The flash crash was a temporary glitch and was caused by the cascading liquidations, and everyone was expecting a rebound. During the rebound, the riskiest assets and those that crashed the most are expected to rebound the maximum. So it is no surprise that people are betting on memecoins, and this is leading to a virtuous cycle.
Arjun Vijay The crash was triggered by President Donald Trump’s announcement of a “massive increase” in tariffs on Chinese imports, as well as the cancellation of a planned meeting with President Xi Jinping.
Predictably, the move sparked fears of renewed trade tensions, sending global markets lower and fueling liquidations across crypto exchanges. However, sentiment improved over the weekend.
Crypto Correction Clears Excessive Leverage, Paving Way for Stronger Market A spokesperson for China’s Ministry of Commerce accused the United States of unfair trade actions and excessive export controls. Later, Trump struck a more conciliatory tone on Truth Social, saying the U.S. aims to support rather than harm China.
Prediction markets on Myriad still assign only a 9% chance of Trump visiting China before the end of the year, reflecting lingering uncertainty.
Despite the volatility, market participants say the correction could ultimately strengthen the crypto ecosystem. Charmaine Tam, head of OTC sales and trading at Hex Trust, called the event “a healthy reset.”
Tam noted that the recent market drop helped clear excessive leverage from the system, describing it as a constructive correction that could strengthen the market over time. She added that institutional infrastructure remained stable throughout the volatility. With Bitcoin’s dominance staying below 60.5%, altcoins may now be positioned to lead as liquidity returns.
As risk appetite improves and geopolitical concerns ease, memecoins appear to be at the forefront of the recovery—once again proving their ability to capture momentum when markets turn.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
In brief Pudgy Penguins characters are currently appearing on the outside of the Las Vegas Sphere. The activation follows the Dogwifhat meme coin community failing to accomplish the same earlier this year. The Pudgy Penguins campaign doesn't spotlight its crypto elements, which include NFTs and a meme coin. Pudgy Penguins will wrap the Las Vegas Sphere for Christmas after debuting on the glowing venue on Tuesday.
The crypto-native brand's recent announcement sent some traders into a meltdown, as the community behind Solana meme coin Dogwifhat (WIF) failed to advertise on the venue earlier this year despite raising $700,000 in an attempt to do so—funds the team later refunded to contributors.
A Sphere spokesperson previously told Decrypt that it would only accept crypto advertising from exchanges or in relation to Bitcoin. Despite this, the Dogwifhat backers announced in January that they were set to appear at the Las Vegas venue.
For that reason, a Sphere representative told Decrypt that they were “distressed” that the Dogwifhat team was using their name for “fraudulent purposes.”
So, how can Pudgy Penguins—a brand that started as an NFT profile picture collection, has created a Solana meme coin called PENGU, helped launch an Ethereum layer-2 network, and more—advertise on the Sphere?
“This activation celebrates specifically our physical products, like toys, animations, and merch. It has nothing to do with the crypto side of our business,” Vedant Mangaldas, director of strategy and comms at Pudgy Penguins, told Decrypt. “We fully realize Sphere’s guidelines on crypto-related things.”
Prior to Tuesday's rollout, a Sphere spokesperson confirmed to Decrypt that Pudgy Penguins would wrap the Sphere, and that its crypto policy has not changed, as this activation specifically relates to physical products.
This means that during the seven-day wrap, the Pudgy Penguins NFTs, the Pengu meme coin, or any other crypto-related ventures will not be mentioned on the Sphere. Instead, the exosphere animation focuses on the cartoon creatures that drive the brand, and briefly mentions the availability of merchandise.
Pudgy Penguins ventured into the world of physical products in 2023 and started being stocked in Walmart. As of February 2024, the Pudgy Toys line had racked up $10 million in sales, less than a year after the collection debuted. The brand has seen similar success with its social media content and library of GIFs, which have seen considerable reach without obvious crypto connections.
“We have 2 million followers on Instagram, and, you know, I would say 90% of them probably don't know that crypto exists. It celebrates that side of the spectrum,” Mangaldas explained. “When you get a billion views on GIFs, I would assume that a majority of them don't know that we're a crypto company. And I think that's the beauty of Pudgy Penguins.”
It was actually really easy, only took 3 minutes to set up.
— Pudgy Penguins (@pudgypenguins) December 13, 2025
Still, it wasn’t an easy path to wrapping the Sphere, despite a joking jab on social media at Dogwifhat Sphere organizer Ansem that it only took three minutes to set up.
Instead, a source familiar with the deal told Decrypt that conversations with the Sphere started in early 2024. Those discussions started to get serious this year as the Pudgy Penguins brand established itself more outside of crypto.
It then took months for animators to craft the content, which is now plastered on the exosphere of the towering venue and seen far and wide from around Las Vegas. A source familiar with the activation told Decrypt that Pudgy Penguins is hoping to produce a hugely viral moment from an animation that lasts just a minute.
Pudgy Penguins is expected to have paid up to $600,000 to wrap the Sphere for seven days, a source familiar with the matter told Decrypt. As cartoon penguins decorate the outside of the Sphere, the inside of the venue is hosting screenings of “The Wizard of Oz.”
Editor's note: This story was updated after publication to correct Mangaldas' title.
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Beyond PENGU, airdrops from Dymension, Omni Network, zkSync, and LayerZero boosted Pudgy Penguins holders' earnings significantly throughout 2024.
Pudgy Penguins NFT holders have amassed significant rewards from a series of lucrative airdrops over the past year.
The latest data suggest that this figure could be around $137,000 per NFT at peak valuations.
Pudgy Penguins Holders Score Big According to CoinGecko’s latest report, the largest contributor to these gains was the PENGU airdrop, which alone accounted for $116,365 per NFT and represented 86.3% of the total airdrop value received.
The launch of PENGU in December 2024 marked a significant milestone in the Pudgy Penguins ecosystem, with each NFT receiving 1.7 million tokens. The initial price of $0.05 quickly surged to an all-time high of $0.07, which managed to amplify the financial benefits for holders.
Additionally, the distribution extended beyond Pudgy Penguins to include Lil Pudgys, Pudgy Rods, and even holders of prominent NFT collections like Doodles, Cool Cats, and Moonbirds. This strategic move helped broaden the Pudgy Penguins community and further cement its influence within the NFT space.
Beyond the PENGU airdrop, Pudgy Penguins holders also benefited from various ecosystem-driven distributions, including the Dymension, Omni Network, zkSync, and LayerZero airdrops.
The Dymension airdrop, conducted in early 2024, granted holders 1,313 DYM tokens per NFT, which reached an all-time high of $8.50. This translated to a peak valuation of $11,160 per NFT. As part of the Cosmos ecosystem, Dymension’s focus on modular roll apps highlighted the broader trend of integrating NFTs into blockchain infrastructure beyond just Ethereum.
Meanwhile, the Omni Network airdrop rewarded each holder with 37 OMNI tokens, which initially traded at $27.06 but later peaked at $53.81, bringing in an additional $1,984 per NFT at its highest value. This airdrop aligned with Omni Network’s mission to enhance cross-chain interoperability, reinforcing the evolving role of NFTs in blockchain utility.
zkSync’s ZK token airdrop, on the other hand, in June 2024 provided holders with 8,721 ZK tokens, which, at its peak price of $0.32, delivered $2,791 in value per NFT. As a leading Ethereum Layer 2 solution, zkSync’s inclusion of Pudgy Penguins in its airdrop reflected the growing synergy between NFTs and blockchain scalability projects.
Lastly, the LayerZero airdrop in July 2024 further boosted holder gains, allocating 100 ZRO tokens per NFT. With an all-time high of $7.47, this airdrop contributed $747 per NFT, reinforcing the Pudgy Penguins ecosystem’s reputation as a hub for high-value blockchain integrations.
NFT Market Faces Its Weakest Year Since 2020 Zooming out, the NFT market experienced one of its weakest years since 2020, with a 19% decline in trading volume and an 18% drop in sales. Despite a strong start in 2024, trading volumes plummeted from $5.3 billion in the first quarter of the year to $1.5 billion in the third quarter, recovering slightly to $2.6 billion by year-end.
The decline suggests that NFTs were traded at higher prices due to rising token values. However, the gaming sector thrived as it dominated NFT sales as players embraced digital ownership and decentralized economies.
HTX, a leading global crypto exchange, is thrilled to announce the exceptional performance of its newly listed assets, coinciding with Bitcoin‘s groundbreaking surge past $120,000. In a period of renewed market optimism and significant capital rotation, HTX’s latest listings have once again showcased substantial wealth-generating potential. This solidifies the platform’s reputation as a go-to destination for investors looking to capitalize on emerging market trends. Between July 7 and 14, new listings across the Meme, NFT, and Infrastructure sectors achieved impressive gains. These remarkable results highlight HTX’s strategic ability to identify and list high-potential assets, providing significant wealth creation opportunities for its global user base.
Meme Coin Resurgence Led by M and MOG The resurgence of meme coins saw two prominent assets deliver significant returns:
● Memecore ($M) surged an astounding 482% in just days, firmly topping the gainers’ list. Positioned as the first Layer 1 blockchain designed for the Meme 2.0 era, $M is set to become an engine driving meme culture, value creation, and community collaboration.
● MOG Coin ($MOG), another prominent meme coin, recorded a remarkable 112% increase. This Ethereum-based asset has recently garnered significant attention and discussion across social platforms.
The surge in meme coin assets reaffirms the market logic that “emotion is value”. As one of the first platforms to list these tokens, HTX has effectively transformed community sentiment into trading activity, delivering tangible returns for users.
Infrastructure and Cross-Chain Narratives Regain Momentum with Strong Performances from OMNI and TANSSI Technologically driven assets also performed well this week.
● Omni Network ($OMNI) jumped 260%, driven by renewed interest in inter-chain interoperability. As an Ethereum-native interoperability protocol, Omni Network enables low-latency communication across all Ethereum rollups and offers a secure, high-performance, and globally compatible architecture — positioning Ethereum as a single, unified operating system for both users and developers.
● Tanssi Network ($TANSSI) climbed the ranks with an 82% increase. As an appchain infrastructure protocol built on Polkadot’s shared security framework, Tanssi offers the ContainerChain parachain solution, providing appchains with essential services such as block production, data availability, cross-chain messaging, and external bridging. Its ecosystem also includes management tools, ready-to-use templates, and key integrations like wallets, indexers, RPC endpoints, block explorers, and oracles.
HTX’s early identification of the infrastructure trend empowered previously overlooked assets to gain significant momentum on the platform, showcasing the precision of its listing strategy.
$PENGU Surges on Enterprise NFT Buzz, NFT Sector Stages Strong Comeback Recently, the rise of the “enterprise NFT” narrative has sparked growing interest, with both established brands and new IPs leveraging NFTs to broaden community engagement. As a result, NFT assets are experiencing a resurgence, demonstrating strong wealth potential in this new context.
● Pudgy Penguins ($PENGU) witnessed an impressive 89% surge in a short period. This collection of 8,888 NFTs drives Web3 innovation through IP licensing and community-driven empowerment. Each holder gets exclusive access to experiences, events, IP licensing opportunities, and more. $PENGU has distinguished itself as one of the few NFT projects to achieve both substantial traffic and high trading volume.
Popular Assets Rally as XLM and KNC Maintain Resilience Beyond the newly listed assets, established popular assets also saw significant movement:
● XLM (Stellar) rose 88%, benefiting from heightened payment activity and growing stablecoin clearing needs. As an open payment network, Stellar bridges diverse financial systems, empowering anyone to create low-cost financial services for their communities. This interconnectedness enhances individual access, reduces banking costs, and boosts business revenue.
● Kyber Network ($KNC) recorded a 65% gain, emerging as a standout in the DEX sector. The surge was driven by the release of new DeFi versions and liquidity incentive programs. Kyber Network aims to build a system that supports instant trading and seamless conversion of diverse digital assets. It offers robust payment APIs and next-generation contract wallets, enabling smooth token-to-token payments for all users.
The rise of these assets also signals a broader market shift from pure emotional speculation to projects backed by real-world applications and strong liquidity support.
About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord.
Similar to the wider crypto market, most meme coins performed terribly throughout February. The drawdown witnessed by these meme tokens even led to some forming new all-time lows. However, there is an opportunity in this downtrend that is seemingly coming to an end.
BeInCrypto has analyzed five meme coins that could make their way back up and recover their losses in March. Their recovery also relies on investor participation and the support altcoins receive to strengthen the meme coin sector. Chef Kids, Head of PancakeSwap, emphasized to BeInCrypto the crucial role of community engagement in this process.
“Meme coins, like any project, are important to have a strong community—not just for trends but for solid feedback and a loyal user base. To stand out, having a clear roadmap, steady growth, and a dedicated community are essential. Over time, it becomes clear which projects are building something that lasts,” Chef Kids stated.
Daddy Tate (DADDY)DADDY has surprised the market this week with a 70% price increase, recovering February’s losses and more. The altcoin is currently trading at $0.054. This rally marks a shift in investor sentiment, potentially signaling further upside if the current momentum persists.
DADDY is now eyeing a further rally, potentially breaching the $0.068 resistance. This level has been a challenge for the meme coin since mid-December, but with bullish factors driving the price, it may finally break through. The continuation of this uptrend depends on sustained investor confidence.
DADDY Price Analysis. Source: TradingViewHowever, if DADDY fails to hold the support of $0.054, the price may fall back to the $0.045 support level. A deeper decline could invalidate the bullish outlook, potentially triggering a shift in sentiment and setting the coin back further.
Pepe (PEPE)PEPE continues its downtrend, trading at $0.00000718 after starting this decline in November 2024. The altcoin’s price remains under pressure, but the situation could shift. Notably, PEPE has a strong correlation of 0.89 with Bitcoin, potentially setting the stage for a recovery if BTC rebounds.
With Bitcoin potentially nearing a market bottom, PEPE could benefit from its recovery. If Bitcoin gains momentum, PEPE is likely to follow suit. A key marker for this would be PEPE flipping $0.00000951 into support and eventually surpassing the $0.00001146 resistance level, signaling further upside.
PEPE Price Analysis. Source: TradingViewIf the downtrend persists, PEPE faces the risk of falling below its $0.00000748 support. A breakdown through this level could lead to a test of $0.00000632, further invalidating the bullish thesis and signaling a deeper decline.
Popcat (POPCAT)POPCAT has made a notable recovery, currently down just 9.5% over the month, trading at $0.265. The altcoin aims to breach the resistance of $0.342, with potential for further upside. A successful breakout could lead to significant gains, especially if market sentiment continues to improve.
In previous market cycles, a bounce off the $0.238 support, coupled with bullish signals, has fueled rallies up to $0.645. The ADX currently sits below the 25.0 threshold, indicating weakening bearish momentum.
If POPCAT follows a similar pattern, this shift could set the stage for a 129% rise.
POPCAT Price Analysis. Source: TradingViewHowever, if POPCAT fails to breach $0.342, it may return to its support levels at $0.238 or even $0.203. Such a drop would invalidate the bullish outlook, signaling continued consolidation or further losses.
Peanut The Squirrel (PNUT)Another one of the top meme coins, PNUT, has outperformed expectations with a 56% rally this week, reaching $0.226 and erasing February’s losses. The altcoin is now focusing on securing $0.227 as a stable support level. Maintaining this level will be crucial for continued upward momentum and price stability in the short term.
With $0.227 successfully established as support, PNUT could leverage the improving market conditions and investor confidence to rise toward $0.442. This recovery would significantly offset the losses suffered in January, potentially positioning the altcoin for further gains if market trends remain favorable.
PNUT Price Analysis. Source: TradingViewHowever, if PNUT fails to secure the $0.227 support floor, the altcoin risks falling back to $0.142. Such a decline would invalidate the bullish outlook, prompting further consolidation and raising concerns over a sustained recovery.
Pudgy Penguins (PENGU)PENGU hit a market bottom in February, forming a new all-time low of $0.0067 amid bearish conditions. Despite this, the altcoin has shown resilience and could be preparing for a potential rebound.
After bouncing back by 24.6% this week, PENGU is currently trading at $0.0090 and targeting a breach of the $0.0100 level. If this resistance is overcome and flipped into support, the altcoin could reach $0.0147. This would help recover most of February’s losses, signaling a positive outlook.
PENGU Price Analysis. Source: TradingViewHowever, if PENGU fails to break the $0.0100 barrier, it risks consolidating above its all-time low of $0.0067. In this case, the bullish thesis would be invalidated, potentially leading to further losses and undermining investor confidence in the short term.
PANews reported on April 28th that, according to SoSoValue data, the cryptocurrency market generally saw a pullback. The Meme sector fell 3.45% in the last 24 hours, with SPX6900 (SPX) down 6.73% and MemeCore (M) down 14.74%. However, Pump.fun (PUMP) bucked the trend, rising 4.14%. Meanwhile, Bitcoin (BTC) rose 2.51% before falling below $78,000, while Ethereum (ETH) fell 3.71%, dropping to around $2,300.
It is worth noting that only the NFT sector rose by 2.29%, with Pudgy Penguins (PENGU) rising by 10.01% and SuperVerse (SUPER) rising by 3.74%.
In other sectors, the DeFi sector fell 1.72% in the last 24 hours, with Jupiter (JUP) rising 5.35%; the CeFi sector fell 1.78%, with Aster (ASTER) falling 2.72%; the Layer 1 sector fell 2.31%, with Solana (SOL) falling 2.95%; the PayFi sector fell 2.91%, with SafePal (SFP) rising 2.39% intraday; and the Layer 2 sector fell 3.13%, with Starknet (STRK) falling 5.45%.
Major crypto platforms, Coinbase and Robinhood, have expanded their offerings with new altcoin listings, signaling continued growth in the digital asset market.
Coinbase has added support for Mamo (MAMO), Euler (EUL), Succinct (PROVE), and Towns Protocol (TOWNS). Meanwhile, Robinhood has introduced trading for Bonk (BONK), Pudgy Penguins (PENGU), Peanut the Squirrel (PNUT), and Stellar (XLM) on Robinhood Legend.
Coinbase Announces 4 New Altcoin ListingsIn a series of consecutive posts on X (formerly Twitter), Coinbase announced that it will add trading support for the four altcoins. The exchange added that MAMO and EUL trading is scheduled to commence on or after 9 AM Pacific Time (PT).
The launch of the EUL-USD and MAMO-USD trading pair will be rolled out in phases as the necessary supply is secured, said Coinbase.
In addition, the largest US-based exchange also revealed the listing of two new altcoins: PROVE and TOWNS under the ‘Experimental Label.’ The altcoins are now available to trade on the website and the iOS and Android apps.
These two new-entry tokens have also secured listings on Binance with the ‘seed tag’ applied. Moreover, South Korea’s largest crypto exchanges, Upbit and Bithumb, have also added PROVE to their spot trading platforms, reflecting growing interest across exchanges.
Market data indicates significant price movements since the announcements. MAMO rose from $0.153 to $0.188, a 22.88% increase. At the time of writing, it was trading at $0.172 at press time, up 15.07% since the announcement.
EUL saw a modest uptick of 11.12% from $10.97 to $12.19. Nonetheless, the altcoin shed most of its gains and traded at $11.06 at press time.
MAMO, EUL, PROVE, AND TOWNS Price Performance. Source: TradingViewPROVE has maintained an upward trajectory since its debut. Its value has appreciated by 94.12%. TOWNS’ journey has been more volatile, maintaining gains of 6.8% since launching.
Besides the 4 altcoins, Coinbase added dYdX (COSMOSDYDX) to its listing roadmap, indicating a strategic focus on expanding its altcoin ecosystem.
“The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met,” the announcement said.
Robinhood Lists BONK, PENGU, PNUT, and XLMMeanwhile, Robinhood announced the addition of 4 altcoins to its Robinhood Legend platform, as per an official X post.
“BONK, PENGU, PNUT, and XLM are now available to trade on our advanced trading platform Robinhood Legend,” Robinhood said.
Despite the listings, the market response has been muted. All four tokens experienced declines following the announcement, with BONK dropping 3.95%, PENGU falling 2.76%, PNUT decreasing 1.10%, and XLM slipping 2.17%.
BONK, PENGU, PNUT, and XLM Price Performance. Source: TradingViewNonetheless, the declines are part of a broader market correction. BeInCrypto Markets data showed that the total market capitalization fell 1.64% over the past day.
Key NotesBinance will distribute 1.143 trillion CAT tokens (12.7% of max supply) and 2.67 billion PENGU tokens (3% of total supply) to eligible users who participated in the December 9-12 subscription window, with tokens arriving shortly before trading begins.Both tokens will list on December 17, with CAT trading starting at 09:00 UTC and PENGU at 14:00 UTC.The HODLer Airdrops program streamlines the reward process by automatically calculating distributions based on users' hourly average BNB balances in Simple Earn products during the eligibility period. Binance has announced the addition of two new projects, Simon’s Cat (CAT) and Pudgy Penguins (PENGU), to its HODLer Airdrops program. This initiative rewards Binance users who hold and subscribe their BNB tokens to the Simple Earn feature, providing an effortless way to earn new tokens.
The subscription window for these airdrops ran from December 9 at 00:00 UTC to December 12 at 23:59 UTC. Users who participated during this period have automatically qualified for Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) token rewards. Airdrop distributions were calculated based on snapshots of users’ BNB holdings in Simple Earn products during the eligibility period.
Eligible users will receive their tokens in their Spot Wallets within 24 hours of the announcement, and the tokens will arrive an hour before trading opens.
Airdrop Details and Token Distribution Binance announced CAT will list on December 17 at 09:00 UTC, with pairs against USDT, BNB, FDUSD, and TRY. The token has a 9 trillion max supply, with 8.1 trillion in circulation. For this airdrop, Binance is distributing 1.143 trillion CAT tokens, accounting for 12.7% of the maximum supply. Upon listing, the circulating supply will increase to 7.89 trillion tokens, equivalent to 88% of the total supply.
PENGU will go live for trading later on the same day at 14:00 UTC, with trading pairs identical to CAT. Unlike CAT, the entire supply of 88.89 billion PENGU tokens has already been minted. Airdrop rewards will distribute 2.67 billion PENGU tokens, representing 3% of the total supply. Upon listing, approximately 62.42 billion tokens (70.22% of the total) will be in circulation.
Effortless Rewards Through Binance HODLer Airdrops To participate in the HODLer Airdrops, Binance users must subscribe their BNB tokens to either Flexible or Locked Simple Earn products. The platform uses historical snapshots of user balances during the subscription period to calculate rewards, making this a straightforward process for users seeking passive earnings. The exchange explained:
“Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked).”
The exchange stated that what distinguishes the HODLer Airdrops from other earning methods is that it allows users to easily earn extra tokens. With HODLer Airdrops, Binance continues to offer innovative ways for its community to access promising new projects while rewarding long-term BNB holders.
CAT has surged by more than 45% in the last 24 hours, with trading volume up 550%. Meanwhile, Pudgy Penguins will launch its PENGU token on Solana by late 2024, with a supply of 88.89 billion tokens.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
CAT price has surged 50% in the last 24 hours as Binance announced the addition of Simon’s Cat (CAT) and Pudgy Penguins (PENGU) across Earn, Buy Crypto, Convert, Margin, and Futures products. This listing opens new trading and earning opportunities for its users.
The newly supported tokens will be integrated into various services, including borrowable assets, perpetual contracts, and zero-fee trading options, enhancing flexibility and accessibility for traders and investors.
Binance Expands Trading and Earn Features Binance continues to innovate by expanding its offerings with the addition of Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU). On December 17, these tokens will be available across Simple Earn, Convert, Margin, and Futures platforms. Users can now access 1000CAT and PENGU for flexible staking, zero-fee conversions, and leveraged trading options.
The rollout begins with Simple Earn, where users can subscribe to flexible products for both tokens. Binance Convert will enable zero-fee trading for 1000CAT and PENGU against popular pairs like BTC and USDT. Additionally, the exchange Margin will support 1000CAT and PENGU as borrowable assets on Cross and Isolated Margin, allowing advanced traders to utilize leverage for enhanced returns.
On Binance Futures, perpetual contracts for PENGU will launch with up to 75x leverage, catering to institutional and high-risk traders. This provides 24/7 trading opportunities while maintaining robust risk management tools. One of the top crypto exchange expansions highlights its commitment to providing versatile, user-friendly products for its growing user base.
Market Surge and Context for CAT and PENGU The addition of CAT and PENGU to Binance comes as CAT price soared 50% in the last 24 hours, trading at $0.00005919. It has also recorded impressive growth of 31% over the week and 70% in the last quarter, highlighting its increasing demand among crypto enthusiasts.
Binance Research has recognized these tokens’ potential, with their inclusion across multiple services aligning with rising memecoin popularity. The ongoing HODLer airdrop further incentivizes subscriber participation, enhancing liquidity and user engagement.
With this strategic listing, the exchange strengthens its position as a leading platform for crypto trading and earning. It offers diverse opportunities for both retail and institutional traders in the evolving crypto market.
In brief Mobile battle royale game Pudgy Party has shut down and ceased development. The Pudgy Penguins team said that it has shifted focus to Pudgy World, a game that is "fully ours." Pudgy Party was developed in collaboration with FIFA Rivals maker Mythical Games. Pudgy Party, the Pudgy Penguins-themed mobile battle royale party game, was suddenly shut down on Friday after less than a year and is no longer available for download across iOS and Android.
According to a post on the game's official X account, the crypto-native brand decided to shut down the game in an effort to divert more focus towards its other active game, Pudgy World.
"Pudgy World continues to grow rapidly, delivers one of the most fun and novel web experiences out there, and being wholly ours, has everything we need to make it the flagship gaming product of the Pudgy Penguins universe," the team wrote.
Pudgy Party—which was co-developed with FIFA Rivals and NFL Rivals maker Mythical Games—launched globally last August, putting a spin on multiplayer party game formula of Fall Guys, challenging players to navigate chaotic obstacle courses faster than their rivals.
While familiar at its core, Pudgy Party put a crypto spin on the experience by letting players mint and trade tokenized in-game items as NFTs. With its entertaining competitive gameplay, approachable design, and optional NFT hook, Pudgy Party was named the 2025 Game of the Year by Decrypt's GG.
But while Pudgy Penguins said the game had racked up millions of downloads and was gaining traction, CEO Luca Netz told community members on Friday that the company had lost millions trying to support the project, per an X thread from someone present on the call. A Pudgy Penguins spokesperson confirmed the accuracy of that statement to Decrypt.
Pudgy World, described by developers as the "coziest place on the internet," is an online playground and hangout space that has drawn comparisons to the classic Club Penguin game, albeit with user-owned items tokenized as NFTs on Abstract, an Ethereum layer-2 network launched by the parent company of Pudgy Penguins.
Decrypt reached out to Mythical Games for comment on the closure of Pudgy Party, but did not immediately receive a response.
Pudgy Penguins token PENGU is up more than 10% on the day at a recent price of $0.0072 amid a broader market rebound, though it has fallen nearly 15% in the last month.
Pudgy Party joins a slew of prominent blockchain-powered games that have shut down and ceased development in 2025 and so far in 2026, including titles like Deadrop, Nyan Heroes, and MetalCore. Many developers complained of falling interest from players and an inability to raise further funding to continue building out their games.
On Sunday, the developers of another notable crypto game—Fishing Frenzy on Ethereum gaming network Ronin—said it would also close down and end development. That game will go offline on June 25.
"Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit," the Fishing Frenzy developers wrote on X. "We spent a lot of time in the past year testing multiple directions and audiences, but the results did not give us enough conviction in a viable path forward."
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