Pengu Token Plummets 20% Amidst Pudgy Party Game Launch

Pudgy Penguins’ native token experienced a sharp decline of over 20% in August, coinciding with the launch of its new game, Pudgy Party. The title-ranking battle royale game saw massive downloads on both Android and iOS platforms, reaching the top 10 most downloaded games on the Apple App Store. Despite this success, the PENGU (PENGU) token price fell by nearly 4% on Friday. This decline follows a broader downturn in the NFT market, with other blue-chip projects such as Bored Ape Yacht Club and Doodles also posting double-digit losses in August.