CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

PENGU Eyes Another 70% Surge as Whale Accumulation and ETF Buzz Fuel Momentum

Big buyers and ETF speculation drive bullish outlook for PENGU

June 28, 2025
in Coins, News
A A
Dalintis FacebookDalintisShare on Twitter

Pudgy Penguins (PENGU), the meme coin inspired by the popular NFT collection, has seen a dramatic price surge in the past few hours. At the time of writing, PENGU is trading at $0.0115, marking a 20% increase in value. This sharp uptick in price is accompanied by a massive spike in trading volume, which has soared over 270% in the last 24 hours to reach $338 million. The sudden influx of market activity suggests growing investor interest, fueled by a combination of whale accumulation and speculation surrounding a potential exchange-traded fund (ETF) listing.

Whale Accumulation Signals Confidence in PENGU

One of the primary catalysts behind PENGU’s rally appears to be the aggressive accumulation by large holders, often referred to as “whales.” According to blockchain analytics platform Nansen, whale wallets have increased their PENGU holdings by more than 11% over the past month. Additionally, the top 100 wallets have boosted their positions by 2.27% during the same period.

Notably, public figures and influential investors have also been increasing their exposure to the meme coin. Their holdings have grown by over 7%, indicating that PENGU may be in a strategic accumulation phase. This trend suggests that major players are positioning themselves ahead of a potential breakout, likely anticipating further upside.

ETF Filing Fuels Institutional Interest

The surge in whale activity coincides with a significant development on the institutional front. The Cboe exchange recently submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) for the listing of Canary’s PENGU ETF. If approved, this would make PENGU only the second meme coin after Dogecoin (DOGE) to receive an ETF filing—an achievement that could dramatically enhance its legitimacy and accessibility to mainstream investors.

The ETF news has injected a fresh wave of optimism into the market, with many viewing it as a pivotal moment for the meme coin sector. The potential for institutional capital inflows has added fuel to the bullish sentiment, reinforcing the idea that PENGU could be on the verge of a major breakout.

Technical Indicators Point to a 70% Upside

From a technical perspective, PENGU’s price action is showing strong bullish signals. The daily chart reveals a breakout from a falling wedge pattern—a classic reversal formation that often precedes significant upward moves. Following today’s 20% rally, PENGU has successfully breached the upper boundary of the wedge, turning previous resistance into support.

Traders are now watching closely to see if the daily candlestick closes above this key level. A confirmed breakout would validate the bullish reversal and set the stage for a potential 74% rally, which could push the price up to $0.019. This price level was last seen in January 2025, making it a significant psychological and technical target.

Momentum indicators are also aligning with the bullish narrative. The Relative Strength Index (RSI) has climbed to 57, entering bullish territory without yet reaching overbought conditions. This suggests there is still room for further gains. Meanwhile, the Awesome Oscillator (AO) histogram is showing signs of weakening bearish momentum, further supporting the case for continued upside.

Outlook: More Gains on the Horizon?

With whale accumulation intensifying, institutional interest rising, and technical indicators flashing bullish signals, PENGU appears well-positioned for further gains. The combination of a confirmed wedge breakout and growing optimism around the ETF filing could be the perfect storm to propel the meme coin another 70% higher.

As the market awaits regulatory clarity on the ETF, all eyes are on PENGU’s next move. If momentum continues to build, this quirky penguin-themed token might just waddle its way into the spotlight once again.

Tags: AltcoinCryptocurrencyMemecoinpengu

Related

Pi Coin Plummets Amid Allegations of $20M Misuse by Pi Network

September 29, 2025

The Pi Network leadership is facing mounting pressure as its native cryptocurrency, Pi coin, slips out of the top 50...

Momentum Builds: Social Buzz Meets Technical Support for Pepe Coin

September 28, 2025

PEPE Coin has revisited a key demand zone following a sharp decline, setting the stage for a potential recovery. The...

CHMPZ Token Forecast: Could This Net-Zero Project Be Crypto’s Hidden Treasure?

September 26, 2025

Chimpzee, the visionary project behind CHMPZ tokens, merges meaningful impact with community-driven enthusiasm. It is more than just a cryptocurrency;...

Analyst Predicts Sharp Dip Before Bitcoin Surge

September 25, 2025

Bitcoin’s price trajectory has sparked renewed interest following analyst Ted Pillows’ comparison between current market conditions and the 2024 Federal...

Franklin Templeton Deepens Blockchain Reach with Binance Collaboration

September 24, 2025

Franklin Templeton, a global asset manager overseeing $1.6 trillion, has extended its Benji Technology Platform to BNB Chain. This strategic...

News

Business

Nasdaq Pushes for Blockchain Integration in U.S. Markets

September 8, 2025
Coins

Pepe Coin Explained: From Meme to Market Mania

June 29, 2025
Pepe
Coins

Whale Transfer Sparks Speculation: Is Pepe Coin Poised for a $0.00002 Breakout?

September 17, 2025
Reviews

PENGU Coin: From NFT Hype to Utility Powerhouse

August 31, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Binance Binance Coin Bitcoin blockchain BONK BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving MARA Memecoin Meta Mining Mobile OpenAI pengu Pepecoin pi coin pi network Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology USA XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.