$PENGU Whales Scoop 200M Tokens as Price Clings to Key $0.041 Support
Main Idea
Pudgy Penguins' $PENGU token is testing a key support level amid whale accumulation and NFT activity, while expanding utility in gaming, NFTs, and DeFi.
Key Points
1. $PENGU's price is testing the $0.041 support level, with whales accumulating 200 million tokens since July.
2. The token's utility spans Pudgy World, merchandise, and exclusive content, with a market cap exceeding $2.5 billion.
3. Pudgy Penguins NFT collection saw a 247% increase in trading volume, with floor price rising from below 10 ETH to 16.20 ETH.
4. A proposed Canary PENGU ETF, allocating 80–95% to $PENGU tokens, has been filed with the SEC/Cboe.
5. Technical indicators show $PENGU retracing, with RSI at 35 and MACD indicating weakening momentum.
Description
Pudgy Penguins’ $PENGU is testing a key support level as market forces collide. Whales are accumulating aggressively while NFT activity continues to rocket. The Solana meme coin’s recent pullback follows a wild rally, leaving traders on the lookout for the next big move. Behind the price action, $PENGU continues to evolve beyond its meme coin roots, with growing utility across gaming and digital collectibles fueling its volatile rise. Source: CoinGecko How $PENGU Is Building Real Utility Across ...
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