PENGU Price Prediction: NFT Airdrop Snapshot Approaching, Which Has More Potential Compared to PEPE?

On January 26, it was reported that the Fat Penguin Token PENGU and Pepe Coin (PEPE) continue to attract capital in the Meme coin sector, leading the market into a new phase of differentiation. PENGU is currently priced at approximately $0.01001, down about 17% in the past 24 hours, with a market cap of around $629 million. Trading volume has unexpectedly increased to $118 million, indicating high-frequency turnover amid downward volatility. PEPE is reported at $0.000005009, attempting to establish short-term support after previous sharp fluctuations.

The overall Meme coin market cap is approximately $44.4 billion, with a slight decline of 0.2% during the day. DOGE and SHIB are under significant pressure, while PEPE maintains a relatively stable market share. The value trajectories of the two differ markedly: PENGU relies on the Pudgy Penguins brand, covering multiple scenarios such as NFTs, derivatives, and gaming, and has accumulated millions of followers on social platforms; PEPE is mainly driven by community and meme culture, with a relatively limited ecosystem extension.

The core event driving PENGU’s volatility is the HR NFT snapshot airdrop, scheduled for 18:00 GMT on January 29, where each wallet can receive up to five NFTs. This mechanism encourages strategic holding rather than unlimited hoarding. Before the snapshot, a buyer swept over $1 million worth of Pudgy Penguins NFTs within an hour. AI analyst aixbt interprets this as a mid-term positioning rather than short-term speculation. Over the past week, the trading volume of this NFT series was about $3.8 million, with a floor price stable at 5.09 ETH.

From a technical perspective, PENGU’s MACD is below the zero line, and RSI is around 44, indicating a short-term bearish bias. If selling pressure continues, the price may test the $0.009961 support, further declining to $0.009882; if a rebound occurs, resistance zones are at $0.01011 and $0.01022. PEPE derivatives activity has increased, with trading volume expanding to $649 million and open interest rising to $347 million. If bullish momentum resumes, the price could challenge the $0.000006 level. As the snapshot approaches, position adjustments by PENGU holders will continue to dominate the short-term price trend.