Pengu Price Prediction: Billionaire Justin Sun Backs Pudgy Penguins – Are NFTs Making a Comeback?

The PENGU token surged 11% in 24 hours to $0.02792 after TRON founder Justin Sun endorsed Pudgy Penguins with a meme post on X. Weekly gains hit 83%, while monthly performance soared 190%, though the token remains 59% below its December ATH of $0.06845.

Sun's public support coincides with rising sales volumes for Pudgy Penguins NFTs, defying broader NFT market trends. The token's price spiked from $0.027798 to $0.03188 within hours of Sun's 4pm UTC post before stabilizing. Technical indicators now suggest potential near-term corrections.

Market observers interpret this as a potential inflection point for NFTs, with Sun's declaration 'Everyone has become a penguin' sparking renewed interest. The official Pudgy Penguins account welcomed SUN to 'the Huddle,' amplifying social media engagement around the project.