The PENGU token, associated with the popular NFT project Pudgy Penguins, is experiencing a sharp correction. Its price has fallen 69% from its all-time high (ATH). However, recent data shows strong accumulation by large investors or “whales.” The on-chain analytics platform Lookonchain reported significant movements this week. This situation raises doubts about the Pudgy Penguins price prediction in the short term.
The PENGU price has shown high volatility. It is currently trading at a significant discount from its peak performance. Despite this bearish trend, activity on the blockchain is notable. Lookonchain identified a whale who spent 7,522 SOL (approximately $1.2 million) to acquire 103,792 PENGU. Furthermore, another entity moved 313.6K PENGU, valued at $3.8 million, from the Bybit exchange. These movements suggest strategic buying amidst the panic selling.
Pudgy Penguins established itself as a “blue chip” NFT project during the last bull market. The launch of its PENGU token aimed to expand its ecosystem. The current 69% drop is alarming retail investors. However, whale accumulation is a classic indicator. It is often interpreted as “smart money” betting on a future recovery. This phenomenon contrasts institutional confidence with retail market fear.
Can PENGU Reverse the Trend and Reach New Highs by 2025?
The divergence between price action and whale accumulation creates uncertainty. If buying pressure from large players continues, a solid price floor could be established. This would limit further downsides for the digital asset. For investors, this activity represents a medium-term bullish signal, although immediate volatility will persist. PENGU’s behavior may depend on the overall crypto market sentiment.
The outlook for PENGU is mixed: a depressed price versus strong conviction from large holders. The Pudgy Penguins price prediction for 2025 will depend on several factors. Analysts will watch if this institutional accumulation is enough to absorb the retail sell-off. The next year will be crucial to define if the token can initiate a new bullish cycle or if the drop from its ATH was too severe.
