Autor: dot-traders

• Pudgy Penguins  (PENGU) price fell to lows of $0.010 as altcoins crashed on Thursday.
• The token’s dip extends losses seen in the past months.
• Bitcoin’s slip amid the AI market downturn impacted PENGU’s price.

Pudgy Penguins (PENGU) has taken a significant price hit in the past 24 hours, with the memecoin token plummeting more than 10% to lead the top 100 losers on the day.

At the time of writing, PENGU price hovered around $0.01085. The token broke from under $0.0100 to touch highs of $0.013 earlier in the week.

However, with cryptocurrencies showing weakness, the token has erased all these gains.

Pudgy Penguins tanks 10% as altcoins slip

The Pudgy Penguins ecosystem, which boasts an NFT collection and burgeoning token utility, has had it rough in the past few months.

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After surging to above $0.043 in July, a downward spiral saw PENGU slip to a low of $0.0097 on December 2, 2025.

While bulls masterminded a slight uptick to above $0.013, the PENGU token, which powers community initiatives like merchandise drops and digital collectibles, has once again shed gains.

By paring by more than 10% of its value within a single day, the token is now staring at 30% declines in the past month.

The token has one of the steepest declines among the top 100 cryptocurrencies by market capitalization in the past year. On December 11, Pudgy Penguins’ trading volume dropped 12% to $243 million.

Analysts see this as a signal of reduced selling pressure after the latest declines were accompanied by huge surges in volume.

PENGU price outlook

The PENGU price decline is emblematic of a wider bearish assault across cryptocurrencies.

As Bitcoin sees bearish pressure, altcoins have dropped to key support levels. Memecoins, which have failed to rally amid declines for Dogecoin and others, lead some of the sectors with huge losses.

Global equity markets also faltered after the previous session’s gains.

In this case, a lack of momentum after the US Federal Reserve cut interest rates has dampened broader risk appetite. PENGU’s correlation with top alts and memecoins amplifies the potential for further declines.

Overleveraged positions from recent gains could catalyse an unfolding scenario of downward action. A drop below $0.010 will be bad news for bulls.

Sellers could even target $0.004, an area near all-time lows seen in April 2025.

However, catalysts such as upcoming ETF decisions and broader adoption suggest bulls may not be done yet.

Investors will eye these and other reversal cues. A path forward remains treacherous as the bear run rolls in, but price reclaiming $0.013 is key. PENGU’s bullish levels are above $0.04.

The post Pudgy Penguins (PENGU) crashes 10% in 24 hours as memecoin market weakens appeared first on CoinJournal.

• Hedera price fell to under $0.13 on Thursday as the cryptocurrency toiled.
• The HBAR token struggled amid losses for Bitcoin after the Fed rate cut.
• AI jitters that had Oracle stock down sharply did not help bulls.

The cryptocurrency market has shuddered as the Federal Reserve’s anticipated interest rate cut came laced with a notably hawkish undertone, sending ripples through risk assets.

Hedera’s native token, HBAR, mirrored broader losses for altcoins as indecisive bulls watched it plummet by more than 5%. The selling pressure showed in the spike in daily trading volume.

Hedera price dips under $0.13 amid downside pressure

Hedera’s price has sharply dipped in the past 24 hours, dropping to under $0.13 as top coins like Bitcoin and Ethereum suffered sell-offs.

Losses for HBAR, alongside Bitcoin’s slip below $90,000, came despite the Fed’s  interest rate decision.

The US central bank lowered the federal funds rate by 25 basis points on December 10, 2025. to a range of 3.5% to 3.75%.

Like many other cryptocurrencies, HBAR traders have found little solace in the Fed’s gesture.

With a hawkish central bank and jitters around the AI sector, Hedera price followed the outlook across risk assets.

The token, which had hovered around $0.14 earlier in the day, dropped to a low of $0.1293 in early US trading hours.

Can Hedera price bounce?

After an initial bump on the Fed news on Wednesday, the S&P 500 has shed gains as Oracle’s disappointing results drag down other AI stocks. Oracle shares fell 15% and Nvidia, CoreWeave and AMD all dropped.

But stocks remain near record highs and analysts’ view is that Bitcoin and crypto could still eye recent peaks.

If BTC plays catch-up successfully with a breakout above $100,000, bounces for altcoins could see HBAR reclaim key levels.

Year to date, the S&P 500 is up by more than 17%. In comparison, Bitcoin is down more than 3% and HBAR is down by over 50%.

Despite the downturn that has unfolded over the past year, Hedera touts multiple key milestones likely to keep bulls in play.

Potential catalysts

As well as expanded government adoption initiatives and industry partnerships, there’s a notable presence across decentralized finance (DeFi) and real-world asset tokenization.

The launch of spot crypto ETFs is another major boost for HBAR.

HBAR’s trajectory may thus appear precarious. Indeed, the token could dump further and touch levels near $0.10 or lower in the short term.

The relative strength index (RSI) below 50 and a price breakdown to under the 50-day exponential moving average signal potential fresh pain for bulls.

Yet, with HBAR, one of the tokens seeing major enterprise integrations and a growing DeFi ecosystem, a bounce is likely.

How crypto navigates a hawkish environment will give an additional picture of what’s next for the token.

The post Hedera (HBAR) crashes below $0.13 as Fed rate cut roils crypto markets appeared first on CoinJournal.