Pudgy Penguins Partners Lufthansa Miles & More for Token Utility

Pudgy Penguins, a notable non-fungible token (NFT) project, has announced a strategic partnership with Lufthansa’s Miles & More program, Europe’s largest frequent flyer program. This collaboration aims to expand the utility of Pudgy Penguins’ native token, PENGU, by allowing users to earn airline miles through purchases made on the Pudgy Shop. Users can earn these miles by using either PENGU or fiat currency for their transactions.

To begin earning miles, users need to register for a Miles & More account and create an account on the Pudgy Penguins shop. They then link both accounts using a dedicated pop-up on the Pudgy Shop. Once linked, every transaction made through the store will contribute to their miles balance, which can be redeemed with over 300 Miles & More partners for flights, travel experiences, and other rewards. This partnership not only enhances the utility of PENGU but also provides a tangible benefit to the Pudgy Penguins community, known as The Huddle.

The announcement comes at a critical juncture for PENGU’s price, which is currently trading at a key confluence zone. This zone is marked by both an ascending trendline and a horizontal support range around $0.0090–0.0093. Historically, this area has acted as resistance, but it now aligns with a rising trendline that has supported the uptrend since early April. This confluence of supports makes it a technically significant level for PENGU’s price movement.

The price has recently broken below the 20-day Exponential Moving Average (EMA) and is now sitting just above the trendline, with the 50-day Simple Moving Average (SMA) looming above as overhead resistance. The Relative Strength Index (RSI) is near 40, while the Moving Average Convergence Divergence (MACD) has confirmed a bearish crossover, with histogram bars widening. These indicators suggest building downward pressure on the price.

However, given that the price is at the confluence of two major supports, there is a reasonable chance for a bounce if buyers step in at this level. If PENGU’s price bounces from the current confluence zone, the next major level to watch beyond the 20 EMA and 50 SMA is the recent swing high around $0.013. A breakout above $0.013 would confirm a higher high, signaling a possible continuation of the broader uptrend. Conversely, if the support breaks, the price could drop to $0.0075 next, which acted as resistance during March consolidation.

This partnership with Lufthansa’s Miles & More program is a significant development for Pudgy Penguins, as it provides real-world utility for its token and expands its reach within the travel and rewards ecosystem. By integrating with one of Europe’s largest frequent flyer programs, Pudgy Penguins is not only enhancing the value of PENGU but also creating new opportunities for its community members to benefit from their involvement in the project.