An anonymous user triggered an NFT market resurgence by purchasing 45 CryptoPunks for approximately $10 million late Sunday, causing the collection's floor price to surge 16.5%. This high-profile transaction sparked renewed interest across the NFT ecosystem, with Pudgy Penguins benefiting significantly as its Ethereum-based NFT floor price jumped 13.3% to 16.57 ETH ($63,154).
The Solana-based PENGU token, affiliated with Pudgy Penguins, surged 26.7% within 24 hours, surpassing a $2.4 billion market cap and becoming the top-performing cryptocurrency among the top 100 assets. This extends PENGU's 30-day gains to 310%. Concurrently, Binance removed its Seed Tag designation from PENGU on July 21, signaling increased institutional confidence in the project's maturity and triggering an intraday price spike to $0.03441.
Technical analysis reveals PENGU consolidating in a symmetrical triangle pattern with strong support between $0.0303-$0.0305. Analysts including Ali Martinez predict a potential 117% rally to $0.075 if resistance at $0.032 breaks. Liquidity data shows substantial bid-side interest near $0.028, reinforcing support levels. Other major NFT collections like Bored Ape Yacht Club (+23.2%), Moonbirds, and Azuki also recorded double-digit floor price increases, though associated tokens showed more modest gains.