adminIn recent developments, pudgy Penguins (PENGU) price fell to lows of $0.010 as altcoins crashed on Thursday. The token’s dip extends losses seen in the past months. Bitcoin’s slip amid the AI market downturn impacted PENGU’s price. Pudgy Penguins (PENGU) has taken a significant price hit in the past 24 hours, with the memecoin token plummeting more than 10% to lead the top 100 losers on the day. At the time of writing, PENGU price hovered around $0.01085. The token broke from under $0.0100 to touch highs of $0.013 earlier in the week. However, with cryptocurrencies showing weakness, the token has erased all these gains. Pudgy Penguins tanks 10% as altcoins slip The Pudgy Penguins ecosystem, which boasts an NFT collection and burgeoning token utility, has had it rough in the past few months. Pudgy Penguins X Care Bears We’re excited to partner with one of the world’s biggest IPs, @CareBears, for a limited-edition Pengu collectible dropping tomorrow, December 12th, at 12pm EST. More information below. pic.twitter.com/B0hWPiJpqq — Pudgy Penguins (@pudgypenguins) December 11, 2025 After surging to above $0.043 in July, a downward spiral saw PENGU slip to a low of $0.0097 on December 2, 2025. While bulls masterminded a slight uptick to above $0.013, the PENGU token, which powers community initiatives like merchandise drops and digital collectibles, has once again shed gains. By paring by more than 10% of its value within a single day, the token is now staring at 30% declines in the past month. The token has one of the steepest declines among the top 100 cryptocurrencies by market capitalization in the past year. On December 11, Pudgy Penguins’ trading volume dropped 12% to $243 million. Analysts see this as a signal of reduced selling pressure after the latest declines were accompanied by huge surges in volume. PENGU price outlook The PENGU price decline is emblematic of a wider bearish assault across cryptocurrencies. As Bitcoin sees bearish pressure, altcoins have dropped to key support levels. Memecoins, which have failed to rally amid declines for Dogecoin and others, lead some of the sectors with huge losses. Global equity markets also faltered after the previous session’s gains. In this case, a lack of momentum after the US Federal Reserve cut interest rates has dampened broader risk appetite. PENGU’s correlation with top alts and memecoins amplifies the potential for further declines. Overleveraged positions from recent gains could catalyse an unfolding scenario of downward action. A drop below $0.010 will be bad news for bulls. Sellers could even target $0.004, an area near all-time lows seen in April 2025. However, catalysts such as upcoming ETF decisions and broader adoption suggest bulls may not be done yet. Investors will eye these and other reversal cues. A path forward remains treacherous as the bear run rolls in, but price reclaiming $0.013 is key. PENGU’s bullish levels are above $0.04. The post Pudgy Penguins (PENGU) crashes 10% in 24 hours as memecoin market weakens appeared first on CoinJournal.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
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