- Thursday’s altcoin selloff sent the price of Pudsey Penguins (PENGU) to a low of $0.010.
- The token’s decline widened the losses seen over the past few months.
- The fall in Bitcoin amid the AI market downturn affected the price of PENGU.
Pudgy Penguins (PENGU) has taken a big hit in price over the past 24 hours, with the memecoin token plummeting over 10% and leading the top 100 losers of the day.
At the time of writing, PENGU price is hovering around $0.01085. The token rose from below $0.0100 to a high of $0.013 earlier in the week.
However, the token has wiped out all these gains as cryptocurrencies have shown weakness.
Pudgy Penguin falls 10% as altcoins fall
The Pudgy Penguins ecosystem, which boasts an NFT collection and burgeoning token utility, has had a tough time over the past few months.
Pudgy Penguin X Care Bear
We are excited to partner with one of the world’s largest IPs. @CareBearsthe limited edition Pengu collection will drop tomorrow, December 12th at 12pm EST.
See below for more details. pic.twitter.com/B0hWPiJpqq
— Pudgy Penguins (@pudgypenguins) December 11, 2025
After soaring above $0.043 in July, PENGU fell to a low of $0.0097 on December 2, 2025 due to a downward spiral.
While bulls masterminded a modest rally above $0.013, the PENGU token, which powers community initiatives such as merchandise drops and digital collectibles, once again lost ground.
Having fallen more than 10% of its value in less than a day, the token has now suffered a 30% decline over the past month.
This token has been one of the sharpest depreciating currencies among the top 100 cryptocurrencies by market capitalization over the past year. On Dec. 11, Pudsey Penguins’ trading volume decreased 12% to $243 million.
Analysts say this is a sign that selling pressure has eased after the recent decline was accompanied by a significant spike in volume.
Pengu price outlook
PENGU’s price decline symbolizes a broader bearish attack across cryptocurrencies.
The altcoin has fallen to a major support level amid bearish pressure on Bitcoin. Memecoin is leading some sectors that have suffered huge losses after failing to rise amid the decline of Dogecoin and others.
Stock markets around the world also slumped, following the rise in the previous market.
In this case, the lack of momentum following the Federal Reserve’s interest rate cut has weakened broader risk appetite. PENGU’s correlation with top altcoins and meme coins amplifies the potential for further declines.
Over-leveraged positions due to the recent rally could cause a downside scenario to play out. A decline below $0.010 would be bad news for the bulls.
Sellers could also target $0.004, which is close to the all-time low seen in April 2025.
However, catalysts such as upcoming ETF decisions and widespread adoption suggest the bull market may not be over yet.
Investors will be watching for these and other clues to a reversal. The road ahead remains tough as a bear market sets in, but the key is for the price to return to $0.013. PENGU bullish level is above $0.04.
