Pudgy Penguins Leaves Meme Coins in the Dust with 38% Weekly Surge

Pudgy Penguins (PENGU), a popular NFT brand, has seen its native token surge nearly 38% in the last week, outperforming several high-profile meme coins. This rally comes as PUDGY Penguins announced multiple events at Korea Blockchain Week in Seoul, featuring arcade games, claw machines, exclusive merchandise, food, and drinks from September 29 to October 1.

The interest generated by these events has contributed to the token's rise, along with broader speculative momentum in memecoins. The market has priced in the SEC's push to build a regulatory framework for cryptocurrencies, which is seen as a positive development.

Pudgy Penguins' token has now reached a nearly five-month high of $0.0109 before retracing on Wednesday. This rally has pushed PENGU to become the sixth-largest cryptocurrency gainer over the last seven days.