PENGU Token Retreat May Reflect NFT Market Slump Despite Pudgy Penguins’ Game Downloads August 29, 2025
The PENGU token, associated with the Pudgy Penguins NFT project, has declined by over 20% in August, despite the recent release of a new mobile game titled Pudgy Party, which has seen over 50,000 downloads on Google Play and has entered the top 10 most downloaded games on Apple’s App Store. The token dropped nearly 4% on Friday, with further losses observed in the prior 30-day period, as reported by CoinMarketCap. The price decline coincides with a broader downturn in the NFT market, where other prominent collections such as Bored Ape Yacht Club (BAYC) and Doodles have also posted double-digit losses during the same period. Pudgy Penguins, a notable NFT project that incorporates physical merchandise, has seen its token’s value decline by more than 20% in dollar terms since the beginning of the month. The project continues to…
