Pengu Coin Price Plunges After Huge Burn

Table Of Contents

🔥 Pengu Coin Burns 13.69% of Supply—What's Next?
📉 Pengu Coin Price Drops Despite Supply Reduction
📉 Why is Pengu Coin Dropping?
📈 Will Pengu Coin Recover Soon?
🔮 Price Prediction for Pengu Coin: What's Ahead?

🔥 Pengu Coin Burns 13.69% of Supply—What’s Next?

The Pudgy Penguins team has just taken a very bold step in burning 13.69% of the total $PENGU supply following the closure of the airdrop.

✅ The massive burn eliminated 12.16 billion tokens from circulation, reducing the total supply to 88.88 billion.
💡 While deflationary measures typically boost scarcity and long-term value, Pengu Coin’s price has surprisingly dipped in the short term.

So, what’s causing the decline? Let’s break it down.

📉 Pengu Coin Price Drops Despite Supply Reduction

Despite the major burn, $PENGU has dropped 13.17% in the last 24 hours, trading at $0.01185.

📉 Trading volume has also declined by 29.15%, standing at $150.39M, while the market cap stands at $745.3M.
(Source: CoinMarketCap)

🔍 This drop in price indicates that the recent airdrop resulted in an increased token supply to the market, which increased selling pressure. Even though the circulating supply has reduced, the bearish short-term effect has resulted from traders cashing out.

📉 Why is Pengu Coin Dropping?

Here are the major factors for the decline in $PENGU’s price:

Airdrop Sell-Off – Many received free tokens and cashed them out right away to grab instant profits.
Meme Coin Speculation – As with most memecoins, Pengu Coin’s price action is driven more by sentiment than utility.
Market Volatility – The general crypto market has been experiencing a downturn, affecting memecoins such as $PENGU.
Cooling-Off Period Post-Burn – The token burn decreases the supply, but the market needs time to react before a possible price bounce.

💡 Despite all these short-term challenges, Pengu Coin’s market cap remains strong, and the interest of investors hasn’t faded.

📈 Will Pengu Coin Recover Soon?

Even though the price has dropped, Pengu Coin has strong recovery potential due to its growing NFT ecosystem and upcoming events.
🐧 Pudgy Penguins NFTs are in high demand, with a floor price of 10.679 ETH and only 388 out of 8,888 NFTs listed for sale—showing strong community backing.
📅 Scheduled Exposure – The massive exposure $PENGU is set to gain at NFT Paris 2025. The brand is holding two events on February 13.
⚡ Solana Network – With quick transactions and lower fees, Pengu Coin sits in a comfortable place within the memecoin arena, above many of its counterparts.

🔮 Price Prediction for Pengu Coin: What’s Ahead?

Despite recent price drops, Pudgy Penguins’ ecosystem is solid. If community interest continues to grow and more utility is introduced, $PENGU could see a strong rebound in the coming months.

✅ Short-term price action will depend on market sentiment, adoption, and upcoming partnerships.
✅ Long-term investors betting on scarcity and brand value may see strong returns.

🚀 Will $PENGU Bounce Back Soon?

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Pengu Coin Price Plunges After Huge Burn—Will It Rebound Soon?