Pudgy Penguins Soar 66% in a Week — Is PENGU About to Dethrone Pepe Coin?
Jakarta, Pintu News – While most coins, including Bitcoin , have been on the decline following the passage of the Big, Beautiful Bill by the Senate – an initiative of President Donald Trump – and the escalating tensions between Trump and Elon Musk, Pudgy Penguins is showing a different trend.
In the past week, its value rose by 66%, outpacing the overall market performance. This has led analysts to speculate that PENGU may be on the verge of a rally similar to that of Pepe .
Pudgy Penguins Soars 66.14% in a Week
Pudgy Penguins (PENGU), a Solana-based meme coin linked to the popular Pudgy Penguins NFT collection, has experienced a significant rally for over a week.
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Based on data from Pintu Market, in the past 1 week, PENGU’s price recorded a significant surge of 66.14%. In that time span, PENGU had its lowest point at IDR147.7 and its highest point at IDR264.
At the time of writing (2/7), PENGU is trading at IDR239.9, reflecting a 5% increase in the last 24 hours.
At the same time, the total crypto market capitalization actually fell by 3.18%, which highlights the strength of PENGU amidst a weakening market. In addition, the altcoin also made it to the top trending coin list on CoinGecko.
So, what caused this huge spike? There are several factors that may have contributed to PENGU’s performance.
Why is the price of PENGU rising?
Reporting from BeInCrypto, there are several factors driving the surge in PENGU prices.
Firstly, the NFT market in general is showing strong growth. According to data from Artemis, the NFT sector has been the best performing sector over the past week, with a surge of 33.8%.
In addition, interest in Pudgy Penguins also appears to be very high. Based on data from Cryptoslam, the trading volume of Pudgy Penguins NFTs increased by 157% in the last 24 hours (2/7).
Meanwhile, institutional interest in this meme coin also continues to grow. Last week, Cboe BZX filed a form 19b-4 with the SEC to list and trade an ETF proposed by Canary Capital, based on PENGU.
“With this filing, the PENGU ETF and Pudgy Penguins NFT become the second coin-style meme ETF after DOGE, as well as the first filing involving NFTs to enter into the SEC’s official review process-joining coins such as BTC, SOL, XRP, and DOGE,” wrote one analyst.
Whale Investor Scoops Up 240 Million PENGU Tokens
In addition, the availability of PENGU on RevolutApp has significantly increased its accessibility. The presence of mascot Pudgy Penguins on NASDAQ with VanEck, one of the major asset management companies, has also further expanded the visibility of the project.
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Furthermore, the development team is preparing to launch a mobile game called Pudgy Party, which is expected to attract great attention.
“Real studio. Real game. Built for a mainstream audience. Penguins everywhere. Don’t be surprised when it tops the App Store,” said Steve, a product designer.
But that’s not all. This surge in attention has also been accompanied by real accumulation. On-chain data from Nansen shows heavy activity from whales.
In the past week, wallets holding more than $1 million in tokens have accumulated 240 million PENGU tokens, a bullish signal indicating that large investors expect further price increases.
Can PENGU be the next PEPE?
Amidst various positive catalysts and strong price growth, analysts started comparing PENGU to the explosive surge experienced by PEPE, another meme coin that recorded a dramatic rise in 2024.
Posts on X (formerly Twitter) showed optimism, with some market observers stating that the viral potential of PENGU could mirror PEPE’s journey.
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“Many are not ready for what PENGU will do. The graphical similarity to PEPE is amazing. The narrative and momentum are there. All the elements feel very aligned,” wrote one analyst.
Another analyst highlighted that conditions for a short squeeze on PENGU are starting to form, which could push the price of this meme coin even higher.
“The chart looks amazing & the funding is starting to get very negative. I think it will rips in the near future,” he said.
Thus, although current conditions seem favorable, whether PENGU is able to maintain its upward trend or can truly match the success of PEPE is still a question mark.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Pudgy Penguins (PENGU) Skyrockets 56%: Is This the Start of Another PEPE-Style Rally? Accessed on July 2, 2025
- Crypto News. Pudgy Penguins surges 64% in a week – What’s driving PENGU token rally? Accessed on July 2, 2025
