PENGU rises 17% after inflows rise sharply, is the bullish trend back?

Jakarta, Pintu News – After a sharp decline, Pudgy Penguins (PENGU) is showing signs of recovery. With an increase in whale ownership and a decrease in supply on the exchange, is this the beginning of a return to bullish sentiment?

Pudgy Penguins (PENGU) Price Recovery Trigger

Pudgy Penguins’ (PENGU) recent price recovery was triggered by several key factors. First, there was an increase in whale ownership by 3.2%, indicating steady accumulation. In addition, the supply of PENGU on exchanges decreased by 8.78%, indicating that fewer coins are available for sale, which could push the price up.

This decrease in supply was also accompanied by significant withdrawals from the exchange, reflecting the confidence of large holders who did not sell their assets even as prices fell. This suggests that large holders have a positive long-term view of PENGU.

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Signals for a Rally in the Fourth Quarter

The data suggests a potential rally for PENGU in the fourth quarter. Open Interest, which is the total unsettled futures contracts, has recovered to $160 million, with trading volume reaching over $1 billion. This signals that bullish momentum may continue.

In addition, after a large liquidation of long positions, the market often reacts with a bullish trend. Data from CoinGlass shows that the liquidation of longs reached $52 million, which historically is often followed by a price increase. If this trend continues, PENGU could try to return to the $0.040 price level or even reach a new peak at $0.046.

Technical Analysis and On-Chain Data

From a technical perspective, PENGU’s 3-hour chart shows a recovery that is still fragile. Although still in a bearish structure, PENGU managed to reclaim some of the lost range. The price is currently hovering around $0.026, up from the lowest point during the crash at $0.005.

The Bollinger Bands, which measure volatility, briefly widened as prices fell but then narrowed, indicating a decrease in volatility and a recovery of prices above the middle band. This is an early signal that a recovery may be underway. On-chain data also supports this, with the Nansen AI analytics tool showing a surge in “Smart Money” inflows of 6.3 times the average.

Conclusion

Despite some positive signals, PENGU’s ability to sustain this uptrend is still dependent on broader market sentiment. If capital inflows and Open Interest remain strong throughout the fourth quarter, there is a high probability that PENGU will continue its uptrend. However, investors should remain wary of changes in market conditions that could affect the long-term outlook.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Pengu up by 17% after 6.3x surge in inflows; details. Accessed on October 14, 2025