In a remarkable turn of events, Pudgy Penguins (PENGU) has experienced an astounding 433% price surge over the past month. This surge has been primarily driven by Canary Capital’s ambitious plans to launch an Exchange-Traded Fund (ETF) linked to this quirky meme coin. With this significant push, we are witnessing not just the rally of PENGU, but also a ripple effect invigorating other Solana-based meme assets.
The excitement doesn’t stop with Pudgy Penguins. Another player in the meme coin realm, Bonk (BONK), remains at the forefront as the largest meme coin on the Solana blockchain by market cap, boasting a remarkable 154% climb in the same time frame. This surge has been fueled by the recent launch of LetsBonk, capturing the interest of traders and investors alike.
As interest in Pudgy Penguins soars, so too does the value of their associated non-fungible tokens (NFTs). Recent data reveals that the floor price for these NFTs has skyrocketed to 16 ETH, equivalent to around $58,320—an impressive 100% increase in just 15 days. This notable uptick illustrates a growing passion for Pudgy Penguins, as collectors rush to acquire a piece of the action.
While social media predictions surrounding PENGU are predominantly bullish, many analysts anticipate a mild retreat in prices that could present opportunistic entry points for late adopters. The crypto trading community thrives on such fluctuations, often viewing them as golden opportunities.
Would love to see $PENGU drive at some lows.Any downside is going to be temporary so just represents opportunity to add more size.Some obvious target points around here, just going to depend how generous the market will be. pic.twitter.com/Et2ivN4vPQ— Cold Blooded Shiller (@ColdBloodShill) July 24, 2025
In the midst of this volatile landscape, trader Cold Blooded Shiller—who boasts nearly 339,000 followers on X—has voiced a strategy that hinges on waiting for PENGU to dip to around $0.035. He believes that positive momentum could swiftly resume after that drop, making it an ideal buying opportunity.
Currently, PENGU’s trajectory shows a well-defined uptrend on the daily chart, indicating potential levels of support and resistance in the coming days. Observers have identified a critical support level at $0.037, suggesting that a bounce at this point could propel the token upwards towards $0.06—representing a potential 63% gain in the near term.
The trading volumes for PENGU have recently surged, with current activity accounting for an impressive 75% of the token’s circulating supply. This ongoing interest persists even as the price has experienced a temporary setback of about 10%. Additionally, with the Relative Strength Index (RSI) resting at a robust 74, it indicates that the momentum behind PENGU remains strong. If the uptrend line is breached, investors can take comfort in the 9-day and 21-day exponential moving averages likely serving as a reliable last line of defense for bullish traders.
In parallel, the cryptocurrency landscape could be inching towards a new chapter with the upcoming launch of Bitcoin Hyper (HYPER). This high-performance layer-two chain is set to coin a fresh wave of potential for Bitcoin’s decentralized finance (DeFi) sector, boosting the appeal of Solana meme coins such as PENGU. With billions of dollars currently tied up within the Bitcoin ecosystem, the introduction of the HYPER bridge promises to channel considerable liquidity towards the Solana blockchain.
Bitcoin Hyper is generating quite a buzz after raising nearly $4.5 million to unlock the potential of Bitcoin in the DeFi space. This innovative bridge allows BTC holders to maintain their assets within the Bitcoin network while accessing DeFi functionalities effortlessly. Users can send their Bitcoin to a secure canonical address designated for the Hyper Bridge, which not only ensures the safety of these assets but also mints corresponding tokens on the Bitcoin Hyper L2 platform. This development promises the efficiency of Solana’s blockchain, which is known for its rapid transaction speeds and low costs.
As interest surges for $HYPER, potential investors are encouraged to snap up tokens at a discounted presale price via the Bitcoin Hyper website by connecting their wallets. Options such as swapping USDT or ETH, or utilizing a bank card are available for those eager to participate in this groundbreaking initiative.
The narratives around PENGU and HYPER highlight the ever-evolving nature of the cryptocurrency market. As these innovations unfold, we may soon witness significant shifts in both sentiment and investment towards meme coins and blockchain integrations. Are you ready to ride the wave of this thrilling market?