The Pudgy Penguins token, PENGU, has captured the market’s attention with a steep 26% daily jump, bringing its price to $0.0288. 🐧🚀
This powerful surge caps off a remarkable seven-day rally, with the token up 91% over the past week and an impressive 195% over the past month. Pudgy Penguin’s (PENGU) market capitalization is now approaching $2 billion, leaving investors eager for more. 💰
Trading volume over the last 24 hours has surged past $2.07 billion, a 226% rise that signals renewed conviction. Derivatives activity has also exploded, with volume reaching $5.27 billion and open interest climbing to $419.25 million, according to Coinglass data. 📈
These numbers point to an increase in speculative activity as traders place directional bets on ongoing price action. The current rally is being fueled by more than momentum. 🌪️
On June 14, analyst Ali Martinez posted a chart overlay showing PENGU tracking PEPE‘s past performance closely. But he noted a key difference in that Pudgy Penguins has real-world revenue, with over $13 million in toy sales through retailers like Walmart and Target. 🛍️
When you look at the two charts, $PENGU is really just following what $PEPE did.
But there’s one big difference: @pudgypenguins is a brand with real-world revenue. Over $13 million in toy sales from Walmart, Target, and more. Their IP model shares royalties with NFT holders, and…
— Ali (@ali_charts) July 13, 2025
Its model shares IP royalties with NFT holders, and it continues to build a cross-platform gaming ecosystem. Martinez believes PENGU is early in its growth cycle, especially with a spot exchange-traded funds now in the mix.
That ETF angle has been advancing. Canary Capital’s spot ETF application was acknowledged by the U.S. SEC on July 9. Up to 95% of the proposed fund would be allocated to PENGU and associated NFT assets. If approved, it would position PENGU as the second memecoin after Dogecoin (DOGE) to reach this regulatory milestone, potentially opening the door to institutional flows. 🏦
On the technical side, the trend is still very bullish. The price has broken above the upper Bollinger Band, indicating extreme momentum. Despite the obvious strength, there may be some consolidation because the relative strength index is at 81, which is well into overbought territory. However, strong volume and tight candles show that buyers are still in control. 📊
As of now, there are no clear reversal patterns. The moving averages are still stacked in the bulls’ favor, with the 50-day EMA and 20-day SMA significantly below the current price, supporting the breakout structure. A continuation toward the $0.035–$0.04 range is feasible if PENGU maintains its momentum. 📈 The 20-day moving average near $0.025 could provide support in case of a correction. Although overbought signals call for caution, bulls are currently in control. 🐧💪
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2025-07-14 10:41