Pudgy Penguins Freezes Out Dogecoin and Pepe: Here's Why PENGU Took Flight

Memecoins posted strong gains over the past week, with Pudgy Penguins (PENGU) token outperforming more valuable and popular cryptocurrencies.‘Exciting’ Unlock For Square SellersPENGU surged 54% to become the most profitable large-cap memecoin over the last seven days. The native token of the popular NFT brand Pudgy Penguins is up nearly 50% in a month.In addition to the broader cryptocurrency market rebound, the coin rallied following a cryptic message from Pudgy Penguins CEO Luca Netz about potentially taking the company public by 2027.The post on X featured a pair of eyes, a penguin, a building and an “SOON” arrow.👀🐧🏢🔜Additionally, Pudgy Penguins’ official X account replied, “Well, well, well,” to Polymarket’s post that cryptocurrency whales are buying NFTs again in large numbers.Well, well, wellCryptocurrency7-Day Gains +/-Price (Recorded at 12:21 a.m. ET)Pudgy Penguins +54.76%$0.009451Pepe +48.37%$0.000003846Bonk+31.62%$0.000003038Dogecoin +23.90%$0.08675Shiba Inu  +19.32%$0.000005335 Read Also: DOGE, SHIB Trail PENGU’s AdvancesFrog-themed Pepe trailed PENGU with impressive gains of 48% last week, while Solana -based Bonk came in at a distant third at 31%.Major dog-themed coins, such as Dogecoin and Shiba Inu (CRYPTO: SHIB), jumped 23% and 19%, respectively, last week. Read Also: Trump Coin, Pudgy Penguins, Pepe Among Top Gainers Last Week, But This One Coin Ran Up Over 100%: What You Should Know Photo Courtesy: Koshiro K on Shutterstock.com