Solana Play has unveiled a limited-edition handheld console in collaboration with Pudgy Penguins, where every unit sold triggers a burn of PENGU tokens, effectively reducing the token’s circulating supply.
The unique Gameboy-style device, created in partnership with the popular NFT brand Pudgy Penguins, is now available for pre-order. As part of the promotion, each purchase initiates a buy-and-burn mechanism for PENGU—aimed at supporting the token’s long-term value and deflationary model.
This initiative comes hot on the heels of Pudgy Penguins’ recent foray into the Web3 gaming space with the launch of Pengu Clash, a skill-based game hosted on The Open Network. Both projects highlight Pudgy Penguins’ broader mission to grow its brand presence and attract new communities beyond the traditional Web3 ecosystem.
Earlier this year, Pudgy Penguins also debuted Pudgy Records, a community-powered music label focused on fostering cultural engagement through original tracks and artistic collaborations.
The Gameboy release coincides with a critical juncture for PENGU’s price action. Since June 22, PENGU has soared more than 500%, skyrocketing from just $0.0077 to a peak of $0.0466 by July 27. However, following that rally, the token has pulled back slightly, now trading around $0.0398.
Technical indicators suggest caution. A potential double-top pattern is forming near the $0.046 resistance level—a bearish signal that typically suggests buyer fatigue. If PENGU dips below the interim support between those two peaks, it could confirm a reversal and prompt further downside. That said, today’s candle is already up 12% from that support line, indicating possible bullish strength that could invalidate the negative pattern.
For traders keeping a close eye on market dynamics, this is also an ideal moment to explore tools like the Top automated Solana trading bots for profit, which can help capitalize on volatility and optimize entry and exit strategies, especially in rapidly moving ecosystems like PENGU’s.
