The meme token PENGU experienced a significant price surge of over 10% in the past 24 hours, reaching approximately $0.01136, driven by the announcement of Phase 2 of its partnership with Edgen. This development, revealed on November 24, 2025, expands access to Edgen+'s Expert Plan from exclusive Pudgy NFT holders to over 250,000 PENGU token holders, aiming to add value and recognition to the broader community.
Concurrently, on-chain data from Nansen indicates a potential trend reversal for PENGU, which had declined by 6.4% over the past week but found solid support at $0.01. Whales are accumulating the token at 2.9 times their average rate, while new wallets deployed $1 million in fresh capital. Top traders maintain strong holdings of over 85% of their stacks, and daily trading volume surged to around $174-188 million, reflecting renewed market interest and speculative activity.
The partnership's Phase 1 focused on Pudgy NFT holders, but Phase 2 emphasizes inclusivity for IP believers, leveraging Edgen's personal-growth platform to offer advanced experiences and rewards. This shift underscores Pudgy Penguins' commitment to community engagement and could fuel further price momentum, though overall market performance remains a factor.
