A recent analysis by Galaxy Research highlights that 99 of the top 100 cryptocurrencies by market capitalization are trading below their all-time highs, with PENGU being the only exception. The Pudgy Penguins meme token, launched in December 2024, is the sole cryptocurrency in the top 100 to exceed its peak price. In contrast, major altcoins such as FTX Token, Terra Luna Classic, and Internet Computer are trading 95%-99% below their highs. Bitcoin and Ethereum are currently 30-40% below their all-time highs, while DeFi tokens like Uniswap and Aave have fallen 70%-85% from their 2021 peaks. PENGU's unique performance is attributed to the Pudgy Penguins brand's widespread appeal and a significant $1.5 billion airdrop, setting it apart in a challenging market environment.