Although the past seven days saw leading cryptocurrencies and the broader crypto market drop in value, several coins are defying the downturn. While Bitcoin (BTC) faces a red trend today, Pudgy Penguins (PENGU) and Fartcoin (FARTCOIN) are up 12.11% and 15.63%, respectively.

Besides established meme coins, investors are showing their trust in projects that are yet to realize their full potential and Flockerz (FLOCK) is receiving more attention than most. FLOCK has now raised over $8.4 million for the launch of its token and the world’s first vote-to-earn DAO, with only three weeks remaining before its presale wraps up.

PENGU Shows Resilience and Potential for Future Growth

Pudgy Penguins is a Web3-born brand that features NFT collections, merch, and a clothing brand, all themed around penguins. Since 2021, Pudgy Penguins gathered over 552,000 followers on its X (Twitter) page, and the project has recently released its own token, PENGU.

Designed to provide its holders with governance rights and utility, PENGU entered the market priced at $0.003375 on December 17th, but its price immediately skyrocketed to $0.05019 following the distribution of airdrop rewards to the Pudgy Penguins community and NFT owners.

Although profit-taking saw its price drop to the $0.027 level just a day after its launch, PENGU currently stands at $0.034, representing a 573.53% jump since its launch day.

With its explosive entry into the market, PENGU managed to flip BONK and take its place as the 4th largest meme coin. Although BONK retook its place since, PENGU is just $100 million away from flipping it again, and crypto analyst 0xENAS believes it’s capable of getting closer to PEPE in early 2025.

$PENGU – a new narrative for a new year

Something I haven’t really seen across the timeline despite it being a clear market leader for multiple verticals (NFTs / consumer / meme?)

Pengu is basically a rehash of APE back in the day, except that we’ve got a proper functioning…