NFT Frenzy! Is PENGU’s Party Over?

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Pudgy Penguins (PENGU) are looking a bit ruffled, you see. Seems everyone’s decided non-fungible tokens (NFTs) are suddenly all the rage again. Which, naturally, means people might forget about the little penguins, and their capital might wander off elsewhere. A most inconvenient development, really. 🐧📉

There’s also this ETF business hanging around. People are desperately hoping for a PENGU ETF (an exchange-traded fund, for those not entirely lost in the fog of financial instruments). Canary Capital had a go at it back in March, you know. Like trying to herd cats, but with paperwork.

PENGU Faces New Competition – Because Everything Must Have Competition

The Pudgy Penguins meme coin enjoyed a moment in the sun, didn’t it? All the fuss about the ETF and Justin Sun deciding to join the penguin party sent it soaring. Analysts were positively giddy, predicting… well, more soaring. But optimism, as we all know, is about as reliable as a chocolate teapot. Especially when shiny new distractions appear.

Over the weekend, Ethereum threw a party. A digital party. With NFTs. Apparently, someone bought a ludicrous number of CryptoPunks for a sum that could buy you a small, slightly dilapidated country. A single wallet, mind you. Just one. It’s always one, isn’t it? 💸

Apparently, “whales” (because that’s what we call people with too much money, isn’t it charming?) are showing their “conviction” in legacy collections. Which translates roughly to “I’m buying the old stuff again because I’ve forgotten the lessons of history.” It’s all very predictable, really.

88 Punks sold in the past 24h, and the floor jumped to 47.75 ETH (~$180K).

Here’s what happened ⤸

A single whale swept 45 CryptoPunks (worth ~$7.8M), igniting a 15.9% floor surge from ~40.9 to 47.75 ETH.

Add in another 43 organic sales, and we’re looking at 88 total Punks…

— shotgun (@shotguncaio) July 21, 2025

The NFT sector is, apparently, *outperforming* the broader market. By over 200%. Which is a number. A very big number. It has more than tripled the Ethereum market. I mean, numbers don’t lie, do they? (Probably.) 📈

Despite the penguin-shaped euphoria, CryptoPunks are apparently the reigning champions of market capitalization. It’s all very… arbitrary, isn’t it?

Bored Ape Yacht Club and Mutant Ape Yacht Club are having a scrap over sales, though. The modern gladiatorial contests of the digital age. 🐒⚔️

Capital’s a Flighty Thing: Looking Beyond PENGU

Analysts, naturally, are sniffing around for the next big thing. Something “PENGU-like.” They’re eyeing up ANIME – because, of course they are. Someone apparently thinks it’s the “best liquid NFT beta.” Don’t ask me what that means. It sounds vaguely unpleasant.

Thesis on why I took a position in $ANIME.

Chart looks close to bottomed out. Its real ATH was 1.8B FDV, sitting at 200M FDV (114M MC).

IMO, it’s the best liquid NFT beta currently.$PENGU has been rallying for days while Azuki’s coin hasn’t seen much PA.

— tommy (@CryptoTomYT) July 21, 2025

And it seems Animecoin is collaborating with Burger King and Naruto! Because logic dictates that’s exactly what the world needs. Toys! 🍔🍟🍥 Apparently, American companies are “waking up” and need to “adopt anime or be left behind.” One can only assume this involves dressing up as Pikachu and serving fries.

“Starting July 21, fans can grab a limited-edition King Jr. Meal with exclusive Naruto character toys. American companies are waking up: adopt anime or be left behind,” Animecoin shared in a post.

It’s all rather tenuous, of course. No direct affiliations, you understand. Just… leveraging. That’s what they call it. It’s a bit like building a house on a foundation of wishful thinking, really.

Then there’s DOOD. Apparently, it’s a “hidden gem” with “big upside.” No ETF prospects, mind you. But strong fundamentals. Because everyone needs strong fundamentals. Even when they’re selling digital pictures of doodles. 🎨

“PENGU’s at $2B+ market cap, but DOOD’s $32M FDV is a hidden gem with big upside,” one user said in a post.

Both DOOD and PENGU are Solana meme coins. PENGU has the ETF hype and whale support. It has a vast number of coins floating around (76.7 billion!). But its RSI is looking a bit…excited. A little too excited, perhaps. Like a puppy that’s had too much sugar. 🐶

DOOD, with its smaller supply (a mere 10 billion), might have more… potential. The RSI suggests it still has room to… well, do whatever it does.

“DOOD’s low FDV makes it undervalued vs PENGU. Doodles’ NFT brand has strong vibes. If Doodles drops partnerships or listings, DOOD could 10x from its $300M FDV potential. DOOD’s edge: tiny supply, strong community, & untapped potential. If it follows $PENGU’ IP meta, it’s a moonshot,” the trader added.

One analyst noticed that the Doodles NFTs did rather better than the DOOD coin. Apparently, that’s a good sign. As if anyone truly understands these things. 🤷‍♂️

“Every time it was the token moving and the NFTs following, be it the ANIME coin, PENGU etc.,” they stated.

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2025-07-22 09:48