PENGU’s 50% price rally – How whale buys, ETF updates are fueling recovery

Key Points

1. PENGU token surged 48.6% from its low of $0.0095 on 25 June, following the filing of the Canary PENGU ETF.

2. NFT sales volume increased by 47% weekly, with sales transactions up 41%, indicating bullish market sentiment.

3. Whale accumulation of 200 million PENGU tokens ($2.4 million) contributed to the price rally.

4. Technical indicators like OBV, CMF, and MFI showed strong buying volume and bullish momentum.

5. The liquidation heatmap and fair value gap suggested potential bullish reactions at key price levels ($0.0122-$0.013).