$1M in One Hour: Why Traders Are Rushing Into Pudgy Penguins (PENGU) Before the Snapshot

Pudgy Penguins (PENGU) is seeing sharp interest as traders position ahead of the upcoming snapshot for the Human Resource NFT airdrop.

The snapshot is set for January 29 at 6 PM GMT, and each holder can claim up to 5 NFTs. That detail alone has changed how traders are approaching the collection.

What really caught the market’s attention was a single buyer dropping more than $1 million into Pudgy Penguins within just one hour. That kind of move does not usually come from short-term flipping. It suggests someone is building a serious position with a clear plan in mind.

Aixbt, the AI-based market analyst, pointed out that this is what conviction looks like. According to him, whoever made that purchase knows exactly what they are doing and is positioning ahead of the snapshot, not reacting after it.

• Why the snapshot matters for PENGU
• Floor price holds as accumulation continues for PENGU
• What this says about Pudgy Penguins right now

Why the snapshot matters for PENGU

The Human Resource NFT airdrop is structured in a way that directly rewards accumulation. Each wallet can only claim up to 5 NFTs, which means large holders cannot simply dominate the distribution by stacking hundreds of tokens in a single address. This creates a strong incentive for smart positioning rather than brute accumulation.

That 5-NFT cap changes the entire dynamic. It pushes traders to optimize how they hold rather than just how much they hold. Aixbt described this as “perfect accumulation mechanics,” and the recent buying behavior supports that view.

With five days left until the snapshot, time is now a key factor. Late entries risk paying higher prices or missing the optimal setup altogether.

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Moreover, the surge is not limited to one large buyer. Pudgy Penguins recorded $3.8 million in NFT volume over the past week, ranking it second among all PFP collections. That kind of activity does not happen quietly or by accident.

Sustained volume at that level suggests that interest is broad, not isolated. It also confirms that the recent move is not just a single wallet distorting the market, but part of a wider positioning phase across multiple traders.

This is also happening while the broader NFT market remains selective, which makes Pudgy Penguins’ relative strength even more notable.

Floor price holds as accumulation continues for PENGU

Despite the rising activity, the floor price has remained relatively stable around 5.09 ETH. That is an important detail. In strong speculative phases, floors often spike rapidly and then collapse.

Here, the PENGU price is holding steady while volume increases, which usually points to controlled accumulation rather than emotional buying.

This balance between stable price and rising interest is often seen when stronger hands are entering the market quietly rather than chasing momentum.

Lito, another market watcher, called the $1M purchase “insane” and suggested Pudgy Penguins are clearly here to stay. That view aligns with how the market is treating the collection right now, not as a short-term play, but as a strategic position.

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What this says about Pudgy Penguins right now

Pudgy Penguins is not moving because of hype alone. The upcoming snapshot, the capped airdrop structure, and rising volume all point to a market that is positioning with intent.

Whether this leads to higher prices after the snapshot is still unknown, but one thing is clear: traders are not waiting for confirmation. They are acting ahead of it.

And when someone is willing to put over $1 million on the line in one hour before a key event, it usually means the story is far from over.