Pudgy Penguins (PENGU) is making waves in the cryptocurrency world, and it’s not just for its adorable imagery. With fresh breakout signals and a surge in whale activity, PENGU is capturing attention like never before. In just 24 hours, the token skyrocketed over 20%, trading at $0.04420—and it seems poised for even greater heights as it sets its eyes on the tantalizing $0.05 mark.
So, what’s fueling this impressive rise? The buzz primarily stems from the growing institutional interest sparked by Canary Capital’s groundbreaking proposal for a PENGU/NFT ETF. The U.S. SEC recently acknowledged this filing, which, if approved, would represent a significant milestone as the first memecoin ETF with exposure to NFTs. This development has not only turned heads but has ignited a sense of FOMO (fear of missing out) among institutional investors.
Adding to this positive momentum, PENGU has also enjoyed heightened purchasing activity from major players in the market, resulting in a market capitalization that has now surpassed the remarkable $2 billion mark. The token’s value has surged nearly 35% over the past week, with a staggering 54% increase in trading volume in just the last 24 hours.
Whale wallets have been particularly active, accumulating nearly 200 million PENGU tokens since July began. This aggressive accumulation is setting the stage for what many believe could be a massive bull run in the near future. As one analyst pointed out on social media, “Considering some macro factors at play with the ETF prospects and Coinbase’s involvement, the price uptrend for this memecoin could really strengthen.”
Four years ago today, Pudgy Penguins NFTs minted and the global takeover began. Thank you to everyone who’s joined us so far. We’re just getting started. 🐧 pic.twitter.com/nsoJ8L6v36— Pudgy Penguins (@pudgypenguins) July 22, 2025
The Pudgy Penguins token has even overtaken competitors like BONK and TRUMP to seize the throne as the top memecoin on Solana by market capitalization. On platforms like Binance, PENGU has seen astonishing trading volumes, surpassing $1.03 billion. Notably, the token also garnered around $500 million in volume on Bitget, followed by an impressive $465 million on OKX. This traction across various exchanges shows just how significantly the market is responding to PENGU’s resurgence.
Market participants are optimistic, as many predict a sustained bullish trend for PENGU. Several are noticing a healthy consolidation phase post-surge, a promising sign that bulls are preparing for the next climatic rally. As one trader astutely observed, “Price is holding strong above the breakout zone and showing signs of potential growth. The next leg up could be on the horizon!”
In conclusion, Pudgy Penguins is not just a cute aspect of the crypto landscape; it’s a symbol of how quickly the market can shift. The combination of institutional interest, increasing whale activity, and the revival of the NFT market make this a thrilling time for PENGU holders and enthusiasts alike. As we move forward, the question remains: how high can PENGU truly go?
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