Pudgy Penguins Surges 86.69% Leading Altcoin Rally

Pudgy Penguins (PENGU) led the altcoin rally this week with an impressive 86.69% surge in price, climbing from around $0.01598 to a peak of $0.02967. This significant increase was supported by a substantial rise in trading volume, which reached $1.9 billion in the last 24 hours, up by 110.48%. The market capitalization of PENGU also rose by 27.35%, reaching $1.86 billion, indicating strong short-term market interest and exceptional liquidity with a volume-to-market-cap ratio of 101.63%.

Decentraland (MANA) followed with a strong 19.9% gain, rising from $0.2671 to $0.3178. The price movement showed a pattern of higher highs and brief consolidations, reflecting sustained demand and healthy upward pressure. Trading volume for MANA increased by 43.57% in the last 24 hours, reaching $64.31 million. The market cap grew to $626.1 million, with a volume-to-market-cap ratio of 10.26%, signaling solid liquidity. This trend aligns with broader market activity across gaming and metaverse tokens, supported by strong volume and steady growth in capitalization.

Axie Infinity (AXS) posted a 15.17% rise in price, starting at around $2.03 and reaching a high near $2.60 before settling at $2.50. This increase came after a prolonged period of sideways movement, followed by a breakout beginning on July 10. The 24-hour trading volume rose by 11.83%, bringing total daily volume to $24.46 million. The market cap now stands at $415.13 million, with a circulating supply of 166.03 million AXS, reflecting healthy liquidity conditions and growing market attention. The asset’s recovery has placed it back into a short-term bullish trend, likely attracting both traders and long-term holders preparing for further movement.

The strong price action across PENGU, MANA, and AXS highlights growing popularity in the altcoin sector. The 86% gain of PENGU, in particular, took over the headlines with the help of a volume and market capitalization boost. MANA and AXS also demonstrated stable growth with good technical configurations and growing interest among investors. These assets outperformed most of the overall market, providing a glimpse into the scurrying capital and renewed interest in trading. Provided that the current momentum remains, there are chances that more people will join these tokens as the next market cycle arrives. Investors and traders are likely to keep an eye on the level of volume and areas of resistance to determine the sustainability of these gains.