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.
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