Pudgy Penguins token hits 3-month high with 33% weekly gains amid major token unlocks.

The Pudgy Penguins (PENGU) token surged to $0.01035, its highest level in three months, driven by a 33% weekly gain and a 50% monthly increase. This rally coincided with a major token unlock on April 17, releasing 703 million tokens and boosting daily trading volume by over 150% to $407.6 million. Despite these gains, PENGU remains 85.7% below its December 2024 peak. Key resistance lies between $0.013 and $0.014, with another large token unlock scheduled for May 17, which could impact supply and price dynamics. The token's momentum is also supported by growing interest in NFT-related projects and strategic brand expansions.