COINPURO - Crypto Currency Latest News logo COINPURO - Crypto Currency Latest News logo
Crypto Potato 2025-07-03 16:05:29

Why is the Pudgy Penguins (PENGU) Price up by 70% This Week?

TL;DR The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion. Analysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU’s current trajectory and PEPE’s past breakout. PENGU’s Rally The Solana-based Pudgy Penguins (PENGU), which saw the light of day towards the end of last year, appears to be among the latest major trends in the meme coin niche. Its price jumped by over 70% in the past seven days, reaching a two-month high of roughly $0.016. PENGU Price, Source: CoinGecko Its market capitalization surpassed $1 billion, making PENGU the eighth-largest in its field and the 94th-biggest in the entire market. As it rose up the crypto ranks, the asset flipped popular meme coins like dogwifhat ( WIF ), FLOKI (FLOKI), Brett (BRETT), and others. Several factors have positively influenced the token’s valuation over the last week. One of the main ones is Canary Capital’s filing with the CBOE to introduce a PENGU ETF. The fund, if it receives the necessary green light, will become the first in America to hold actual NFTs, specifically from the Pudgy Penguins collection, along with the underlying meme token. Another bullish element is Revolut’s decision to make PENGU available on its trading platform. The listing gives Revolut’s multi-million-user base direct access to the coin, boosting its exposure and contributing significantly to its recent rally. The Next PEPE? PENGU’s price increase as of late has led some industry participants to believe that it could repeat the impressive performance of PEPE, which was at the crest of the wave on a couple of occasions last year. One person who spotted a potential similarity between the dynamics of the two meme coins is Ali Martinez. “PENGU is starting to look a lot like PEPE did before it exploded! A daily close above $0.015–$0.017, and this train could be unstoppable,” he said. Shortly after, Martinez chipped in again, foreseeing that PENGU could be on the verge of a massive rally toward $0.044. Such a move would represent a 200% jump from current levels. The post Why is the Pudgy Penguins (PENGU) Price up by 70% This Week? appeared first on CryptoPotato .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.