Pudgy Penguin, token weakness despite new game success… down nearly 4%

Source
Suehyeon Lee

Summary

  • Pudgy Penguin (PENGU) reportedly showed about a 4% decline despite the success of its new game.
  • Despite Pudgy Party surpassing 50,000 downloads on the Google Play Store and entering the top 10 in the Apple App Store games category, the token price remained weak.
  • Over the past 30 days Pudgy Penguin fell about 17%, which is analyzed as the overall slump of the NFT market.
photo=Pudgy Penguin
photo=Pudgy Penguin

Pudgy Penguin (PENGU) showed a decline despite the success of its new game.

On the 30th (local time), according to Cointelegraph, Pudgy Penguin traded around 0.029 dollars, down about 4% from the previous day. This trend appeared despite the release of the new game 'Pudgy Party', which surpassed 50,000 downloads on the Google Play Store and entered the top 10 in the Apple App Store's games category.

According to CoinMarketCap, Pudgy Penguin fell about 17% over the past 30 days. This is analyzed as occurring amid a broader slump in the non-fungible token (NFT) market.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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