- Pulgy Penguins (PENGU) price fell to a low of $0.010 as altcoins plunged on Thursday.
- The token’s decline extends losses recorded in recent months.
- Bitcoin’s drop amid an AI-driven market sell-off weighed on PENGU’s price.
Pulgy Penguins (PENGU) suffered a notable price decline over the past 24 hours, with the memecoin falling more than 10% and ranking among the 100 biggest losers that day.
At the time of writing, PENGU traded around $0.01085. The token slipped below $0.010 earlier in the week after reaching highs near $0.013.
But amid broad crypto weakness, those gains were erased.
Pulgy Penguins drop 10% as altcoins tumble
The Pulgy Penguins ecosystem, which includes an NFT collection and a developing token network, has struggled in recent months.
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After climbing above $0.043 in July, the later decline pushed PENGU to a low of $0.0097 on December 2, 2025.
While bulls briefly pushed the token back above $0.013, PENGU—used to fuel community initiatives like merchandise drops and digital collectibles—saw those gains wiped out again.
With a drop of more than 10% in a single day, the token is down roughly 30% over the past month.
Over the past year, PENGU recorded one of the steepest declines among the top 100 cryptocurrencies by market capitalization. On December 11, Pulgy Penguins’ trading volume fell about 12% to $243 million.
Analysts view the lower volume as a sign that selling pressure may be easing after recent sharp declines accompanied by heavy turnover.
PENGU price outlook
PENGU’s decline mirrors a broader bearish wave across crypto markets.
As Bitcoin faced downward pressure, altcoins slid toward key support zones. Meme tokens that failed to recover—following losses in Dogecoin and others—led several sectors to heavy losses.
Global equity markets also softened after prior session gains.
In this context, lackluster momentum following expected US Federal Reserve rate cuts dented overall risk appetite. PENGU’s correlation with major altcoins and meme tokens raises the possibility of further downside.
Overleveraged positions built during recent rallies could trigger additional selling. A drop below $0.010 would be bearish for holders.
Sellers could target $0.004, a level near historical lows seen in April 2025.
However, potential catalysts—such as upcoming ETF decisions and broader adoption—mean bulls might not be finished yet.
Investors will watch these and other reversal signals closely. The path forward remains treacherous amid the bear wave, but reclaiming $0.013 would be a key bullish step. Upside targets for PENGU extend toward and above $0.04.