Pudgy Penguins (PENGU) Crypto Soars 210% – What’s Next for the Token?

Jakarta, Pintu News – According to Coinpedia, PENGU, the native token of Pudgy Penguins (PENGU), experienced a 210% surge in just this month, reaching a high of $0.0344.

This spike was triggered by a viral penguin-themed meme posted by Justin Sun on X, which saw the token jump more than 30% in a matter of hours.

Furthermore, this surge was further reinforced by the growing enthusiasm for the Spot PENGU ETF filed by Canary Capital, which was officially recognized by the SEC earlier this month.

Social momentum also picked up considerably after major crypto brands such as Coinbase, VanEck, and MoonPay changed their social media avatars to Pudgy Penguins, signaling a collective spirit in favor of the brand.

Pudgy Penguin NFTs Soar 55% as PENGU Flies High

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Analysts are increasingly optimistic about PENGU’s trajectory. On-chain analyst Ali Martinez believes that the token is in a rare accumulation phase, suggesting it could reach $0.060 if the ETF frenzy continues.

In addition, high liquidity on major exchanges such as Binance and OKX is a sign of strong support.

Although RSI readings indicate overbought conditions, technical analysts note that if PENGU holds above $0.032, bullish momentum is maintained.

The growing enthusiasm even pushed the base price of Pudgy Penguin NFTs from 9 ETH to 14 ETH – a 55% jump, which added to the excitement in both the token and NFT markets.

Looking at this rate of increase, some analysts believe that PENGU will soon reach the fantastic market capitalization of 50 Billion.

PENGU Market Capitalization Reaches $1.8 Billion, OI Surges Past $265 Million

However, these are not just words, the fundamental basis behind PENGU is getting stronger along with the price movement. The total supply of these tokens is 88.8 billion, with 26% locked in community pools , which reduces the circulating supply.

Market capitalization is now around $1.8 billion, and 24-hour trading volume has surged past $2.2 billion.

On-chain data shows active wallet usage hitting a monthly high, while open interest (OI) has passed $265 million, all of which points to increased network engagement.

Read also: Whale Era Satoshi Moves 80,000 BTC to CEX as Bitcoin Hits Record Highs!

PENGU Crypto Price Prediction

PENGU is also gaining more and more attention in Asia. According to Whale Insider, the token was recently ranked 4th on Upbit, South Korea’s leading exchange, with daily trading volume reaching $222 million, placing it just behind Bitcoin.

Looking ahead, the ETF review could take up to 240 days. If approved, this could make PENGU the first meme coin ETF in the US.

Coupled with the launch of games and merchandise from Pudgy Penguins, all eyes are now on the breakout zones at $0.045 and $0.060.

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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:

• Coinpedia. PENGU Price Prediction After 210% Rally-What’s Next? Accessed on July 16, 2025