The PENGU token of Pudgy Penguins has reached its highest point since February, experiencing an impressive increase of over 25%, thanks to a consistent rise in its NFT floor price over the past month.

As of May 8, the Pudgy Penguins (PENGU) token leads among meme coins, rebounding to its peak since the drop in January-February. In the last week, it has emerged as the top performer among Solana (SOL)-based meme coins, climbing over 28.6%.

In the last month, the token has surged by more than 242%. It now ranks seventh in the meme coin standings, with a market capitalization exceeding $883 million.

According to data from crypto.news, the Pudgy Penguins token has seen a 25.7% increase in the last 24 hours. It is currently priced at $0.014, a level it last reached in February 2025, before beginning a downward trend that culminated in an all-time low of $0.0037 on April 9.

Despite this, it has rebounded from its lowest level in a month, climbing as much as 282%. Additionally, its daily trading volume has soared by 70% from the previous day, hitting $317 million.

The recent surge of PENGU may be linked to an increase in its NFT floor price. According to CoinGecko, the floor price for Pudgy Penguins has increased by 3.5% to 12.10 ETH (ETH) per NFT. Corresponding with the token’s performance, the NFT floor price has surged over 20.4% in the last two weeks and has risen by 32.9% over the prior month.

As reported by Crypto Slam, NFT sales for Pudgy Penguins have seen slight increases. In the last 24 hours, sales have grown by 8% to $180,233. To date, there have been nine purchases, marking a 12% increase over the previous day. At the current time, there are 5,004 Pudgy Penguin NFT holders with an average holding duration of 106.9 days.