Pudgy Penguins’ PENGU Token Surges 18% After Suplay Inc. Deal
2025-07-15 18:34:09
Main Idea
The PENGU token surged 18% following Pudgy Penguins' partnership with China's Suplay Inc., with trading volume hitting $2B, though technical indicators warn of overbought conditions.
Key Points
1. PENGU token price increased by 17.59% after Pudgy Penguins announced a partnership with Suplay Inc., a top collectible company in China.
2. Trading volume for PENGU reached $2 billion, reflecting renewed investor confidence in the project.
3. Technical analysis shows strong bullish trends, with key support levels at $0.0300-$0.0305 and resistance at $0.0340-$0.0345.
4. The Relative Strength Index (RSI) is at 88.07, indicating overbought conditions and suggesting potential near-term volatility.
5. The partnership marks a significant step in Pudgy Penguins' international expansion strategy.
Description
PENGU surges 17.59% as Pudgy Penguins partners with China’s Suplay Inc. Trading volume hits $2B, signaling renewed investor confidence in PENGU. RSI at 88.07 warns of overbought conditions despite bullish technical trends. The price of the PENGU token has jumped nearly 18% after its parent project, Pudgy Penguins, announced a major strategic partnership with Suplay Inc., a firm the project described as ‘one of China’s top collectible companies. The collaboration marks a key step in Pudgy Penguin...
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