Pudgy Penguins (PENGU) has recently entered a free-fall, witnessing a sharp drop of over 14% in just 24 hours. As of the latest data, the Pengu coin price sits at $0.01643, following a broader market trend that sees other meme coins, including Official Trump meme coin, Dogecoin (DOGE), and Shiba Inu (SHIB), also experiencing declines. PENGU USDT has plunged by 30.95% in the last week, falling from $0.0238 to $0.0155, prompting concerns in the community and raising questions about the future of Pengu Crypto.
Source: CoinMarketCap
The sudden dip in the Pengu Coin price comes just after the launch of Abstract Chain, a new Ethereum Layer 2 blockchain solution introduced by Igloo Inc., the parent company behind Pudgy Penguins NFT. Abstract Chain, which leverages ZKsync's ZK stack and zero-knowledge rollups, aims to make Web3 applications more accessible to users unfamiliar with blockchain technology.
Despite significant anticipation surrounding the launch of Abstract Chain, the Pengu price prediction has turned sour, with a major pullback in the Pudgy Penguins price today. Abstract Chain’s goal to simplify blockchain use with social logins and email authentication is poised to bridge the gap between Web2 users and Web3, but the immediate reaction has caused fear and uncertainty within the market, contributing to the Pengu Coin price fall.
This sharp price dip of Pengu Crypto also reflects a broader trend impacting meme coins in the market. Alongside Pudgy Penguins, other well-known meme coins such as Dogecoin and Shiba Inu have seen declines, adding to the overall bearish sentiment.
Following PENGU’s decline, meme coins like DOGE, SHIB, and TRUMP also experienced a downturn. DOGE fell 2.29% intraday to $0.3284, with a market cap of $48.54 billion and a 24-hour trading volume of $1.86 billion. SHIB dropped 4.60%, trading at $0.00001834, while TRUMP recorded the largest decline of 7.17%, trading at $27.77. The broader meme coin market faced a free-fall amid volatile conditions.
By December 2025, Pudgy Penguins (PENGU) is expected to trade between $0.036963 and $0.042653. Looking ahead, the token is projected to experience steady growth over the coming years. By 2029, its price could potentially reach $0.096368, reflecting a significant upward trend. This forecast suggests that PENGU may offer long-term value appreciation, making it a token to watch in the evolving crypto market. However, price movements will depend on market conditions and investor sentiment.
Also read: $PAWS Pre Market for NFT Delayed: When to Expect New Launch Date?