$PENGU Soars 33% Overnight as Whale Frenzy & ETF Hype Ignite Memecoin Rally—What’s Next?
2025-07-10 15:08:10
Main Idea
The $PENGU memecoin surged 33% in 24 hours due to ETF rumors, whale activity, and institutional interest, supported by its ecosystem growth and partnerships.
Key Points
1. $PENGU's price rose to $0.01959 after rebounding from a $0.01445 low, with a 24.8% weekly increase driven by ETF speculation and whale buying.
2. Pudgy Penguins, the project behind $PENGU, integrates NFTs, gaming (e.g., 'Pengu Clash'), and real-world partnerships (e.g., NASCAR, Lufthansa, Walmart).
3. A $24 million net buy by whales on June 28 triggered the rally, with increased demand on exchanges like Binance and OKX reducing sell pressure.
4. The SEC's public comment period on Canary Capital's $PENGU ETF filing further boosted investor interest and accumulation by whales.
5. Technical analysis shows $PENGU broke out from a consolidation zone near $0.0135, with high trading volume suggesting strong bullish momentum.
Description
Pudgy Penguins ($PENGU) rocketed about 33% in 24 hours to trade at $0.01959 after it rebounded from a $0.01445 intraday low. Over the past week, the $PENGU token has increased 24.8%, riding a wave of bullish momentum fueled by ETF speculation, aggressive whale accumulation, and the growing institutional interest in meme coins. Source: CoinGecko Beyond Memes: Gaming, NFTs, and Real-World Utility Pudgy Penguins is a Solana-based memecoin launched in late 2024 with an 88.9 billion total supply. PEN...
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