Pudgy Penguins’ token fell about 19% on Saturday to roughly half a US cent, the steepest drop among the 200 largest coins, as bitcoin touched $65,000 for the first time since mid-August.
MoneyTurkey | Talk of the Town | 14 November 2026
Key points
- Pudgy Penguins down about 19% to $0.005, market value about $313 million
- Bitcoin near $65,500, down about 5%, after touching $65,000
- US spot bitcoin ETFs have seen seven straight sessions of outflows
- Uniswap down about 16%; no fresh company news behind the move
Pudgy Penguins, the token tied to the penguin NFT brand, was trading near $0.005 with a market value of about $313 million, according to CoinGecko and CoinPaprika. CoinMarketCap’s market notes and DiarioBitcoin both found no token-specific announcement and pointed instead to broad selling across crypto and thin weekend trading.
Why the market is falling
Bitcoin fell below $66,000 on Saturday and touched about $65,000, its weakest level since mid-August, Investing.com and Bitcoin Magazine reported. CoinDesk called it a fresh three-month low.
US spot bitcoin ETFs recorded net outflows for a seventh straight session on Friday, according to SoSoValue data cited by Investing.com and Farside data cited by Cointelegraph. A stronger dollar and growing bets that the Federal Reserve will raise rates in December have also weighed on crypto, Bitcoin Magazine and The Economic Times reported.
Blue chips
Ether lost about 6% to near $1,827. BNB fell about 7.5% to $589, XRP slipped about 7.5% to $0.95 and Solana dropped about 10% to near $72.
| Coin | 24h | Price | Market cap |
|---|---|---|---|
| Bitcoin (BTC) | -5.1% | $65,404 | $1.3T |
| Ethereum (ETH) | -6.2% | $1,826.10 | $223.3B |
| BNB (BNB) | -7.8% | $587.24 | $77.3B |
| XRP (XRP) | -7.5% | $0.95 | $60.3B |
| Solana (SOL) | -10.2% | $71.89 | $42.6B |
Uniswap: old lawsuit, fresh headlines
Uniswap’s token fell about 16% to $4.90, according to CoinGecko and CoinPaprika. No new company announcement explains the drop. The trademark case that resurfaced in coverage this week is not new: Unicoin sued Uniswap Labs in a New York federal court on 8 September, asking a judge to cancel the UNI trademark, according to its SEC filing and Cointelegraph.
Separately, Uniswap, Andreessen Horowitz and Paradigm led a coalition that filed a court brief on 11 November backing a challenge to Illinois’ 0.2% tax on digital asset transactions, The Block, Decrypt and the Blockchain Association reported. Illinois has paused the tax until 1 July 2027 while the case runs.
Biggest gainers
| Coin | 24h | Price | Market cap |
|---|---|---|---|
| Pieverse (PIEVERSE) | +6.6% | $1.81 | $497M |
| Figure Heloc (FIGR_HELOC) | +4.3% | $1.05 | $27.9B |
| Midnight (NIGHT) | +3.4% | $0.048 | $793M |
| BTSE Token (BTSE) | +2.2% | $1.15 | $187M |
| MemeCore (M) | +1.1% | $0.82 | $1.9B |
Biggest losers
| Coin | 24h | Price | Market cap |
|---|---|---|---|
| Pudgy Penguins (PENGU) | -18.9% | $0.005 | $313M |
| Collector Crypt (CARDS) | -17.7% | $0.17 | $150M |
| Basic Attention (BAT) | -17.0% | $0.094 | $140M |
| Uniswap (UNI) | -16.7% | $4.89 | $3.0B |
| Pump.fun (PUMP) | -16.5% | $0.0029 | $1.3B |
Gainers and losers other than Pudgy Penguins and Uniswap are price data only, with no sourced driver.
Talk of the Town asks
Which of today’s under-the-radar moves do you expect traders to price in first on Monday?
For information only. Not investment advice.
Sources
- Investing.com: link
- Bitcoin Magazine: link
- CoinDesk: link
- Cointelegraph, ETF flows: link
- The Economic Times: link
- CoinMarketCap, Pudgy Penguins notes: link
- DiarioBitcoin: link
- Unicoin SEC filing (8-K): link
- Cointelegraph, Unicoin suit: link
- The Block: link
- Decrypt: link
- Blockchain Association: link
- Prices: CoinGecko, 19:25 UK time; CoinPaprika and Coinbase confirmation of price levels
