Pudgy Penguins ($PENGU) Rockets 22% as Whales Scoop 200M Tokens – ETF Hype Builds
Main Idea
Pudgy Penguins ($PENGU) token surged 22% amid ETF listing rumors and significant whale activity, with its market cap exceeding $2 billion, driven by partnerships and utility.
Key Points
1. Pudgy Penguins ($PENGU) experienced a 22% price surge, with trading volume increasing by 230% in 24 hours, extending a 35.8% weekly gain.
2. Whale wallets acquired approximately 200 million $PENGU tokens since July, fueling speculation around a potential ETF listing acknowledged by the SEC.
3. The token is built on Solana for high-speed transactions and has utility in governance and ecosystem partnerships, including a NASCAR collaboration and a Lufthansa Miles & More program partnership.
4. A deployer wallet moved 1.5 billion $PENGU tokens (worth ~$45 million) to centralized exchanges, sparking debates over potential sell-offs versus liquidity provision.
5. The $PENGU/$USDT pair showed strong gains, with key Fibonacci levels indicating support at $0.0375, while derivatives data reflected heightened speculative activity and favorable long/short ratios.
Description
Pudgy Penguins ($PENGU) exploded 22% to change hands at $0.03761 in 24 hours as trading volume rocketed 230% amid wild volatility. The increase extends a 35.8% weekly gain for $PENGU, intensifying bullish conviction around the meme coin’s momentum. Source: CoinGecko $PENGU’s Token Utilities and Partnerships for More Growth Pudgy Penguins is built on Solana for high-speed, low-cost transactions, leveraging the Abstract blockchain for streaming payments, badge issuance, and gamified utilities. The...
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