According to Walrus (@walrus_eth) on Twitter, SUI blockchain and Pudgy Penguins have formed a strategic partnership aimed at expanding NFT-based gaming and Web3 adoption. The collaboration will integrate Pudgy Penguins’ NFT collection into the SUI ecosystem, potentially increasing transaction volumes and liquidity on SUI marketplaces. Traders should monitor SUI’s on-chain activity and Pudgy Penguins’ floor price, as partnership announcements often correlate with short-term spikes in trading volume and price action (Source: @walrus_eth, Twitter, June 2024).

According to Milk Road, Pudgy Penguins has burned 13.69% of the $PENGU supply, valued over $150 million, as the claim period concludes. This reduction in circulating supply could potentially increase the scarcity and value of the remaining tokens, impacting trading strategies.

According to Lookonchain, a cryptocurrency whale has strategically sold 100.14 billion $PEPE tokens, valued at $2.34 million, in exchange for 581 ETH. The whale then utilized 537 ETH, approximately $2.15 million, to purchase 16 Pudgy Penguins and 40.5 ETH, or $163,000, to acquire 11 Lil Pudgys. This move aims to secure eligibility for the $PENGU airdrop, showcasing a shift from meme tokens to NFT investments.