Pudgy Penguins (PENGU) climbed back into CoinGecko's trending list this week after the NFT-native brand renewed its tie-up with English soccer giant Manchester City.
Manchester City Deal Lifts PENGU
Pudgy Penguins confirmed the extension on Tuesday, citing the success of a limited-edition drop released in January that paired a Pengu figurine with a branded hoodie and a digital clock. The team said new products would target City's global fan base, with details to follow.
PENGU traded near $0.008819 around the announcement, up about 2.77% in 24 hours. Community channels lit up with speculation about a wider rally, and trading desks watched a possible push toward the $0.014 resistance zone.
Manchester City carries a Forbes valuation of $5.3 billion, ranking as the fifth most valuable soccer club in the world.
The reach matters, since the original January drop targeted an 18-plus audience and leaned into premium merchandising rather than purely speculative collectibles.
Also Read: Twenty One Capital Becomes Tether's Bitcoin Arm As SoftBank Walks Away
Why Traders Care About PENGU
The renewed deal lands at a moment when NFT-linked tokens are mostly fighting for relevance. Most ApeCoin-style projects have shed liquidity and brand pull, and analysts at Coinpedia argued that PENGU's mainstream visibility now sets it apart from peers.
CoinCodex data showed the RSI sitting at 42.80 on May 19, a neutral reading that leaves room for a directional move. The 200-day simple moving average is projected to slip toward $0.008413 by mid-June.
The Pudgy Penguins brand has expanded aggressively this year, with a Visa-backed Pengu Card, a browser game called Pudgy World launched in Mar., and shelf-space across Amazon, Walmart, and Target.
Pudgy Penguins Price Swings In 2026
PENGU has whipsawed traders since the Manchester City deal first surfaced in January, when the token barely moved despite the headline.
CoinGecko data shows the token trading roughly 87% below its $0.06845 all-time high. The Apr. 9, 2025 low of $0.003715 marked the floor that traders still reference today, and the token has since recovered to multiples of that level but failed to retake $0.014 through Apr. and early May 2026.
The original Pudgy Penguins collection of 8,888 Ethereum-based avatars launched in July 2021. Entrepreneur Luca Netz acquired the brand for around $2.5 million in 2022, and the project has since moved more than $13 million in physical merchandise through mainstream retailers.
Read Next: Security Experts Pour Cold Water On Claude Mythos Hacking Apocalypse