Pudgy Penguins Coin Surges Past Dogecoin, Shiba Inu, Pepe With 93% Weekly Gain

Pudgy Penguins Coin (PENGU) has surged 93% in a week, surpassing Dogecoin, Shiba Inu, and Pepe. The token is backed by a brand with strong IP, a growing ecosystem, and royalty-sharing for NFT holders. PENGU's reclaim of key resistance levels is seen as a bullish sign, with a spot ETF now filed. The token is approaching retest of its previous all-time highs, with a breakout possible soon.

Pudgy Penguins Coin (PENGU) has experienced a remarkable surge, rising by 93% in just one week. This significant gain has propelled PENGU to surpass other popular meme coins such as Dogecoin, Shiba Inu, and Pepe. The token's performance is backed by a robust brand with strong intellectual property (IP), a growing ecosystem, and a royalty-sharing model for NFT holders.

The recent rally has been fueled by multiple factors. Firstly, PENGU has reclaimed key resistance levels, which is often seen as a bullish sign by traders. This momentum has been further boosted by the filing of a spot exchange-traded fund (ETF) proposal, which allocates a significant portion of its assets to PENGU tokens and Pudgy Penguins non-fungible tokens (NFTs) [1, 2].

The ETF proposal, submitted by Canary Capital, has garnered significant attention from the SEC. The regulatory body has acknowledged the filing, opening a public comment window for a 21-day period. This development has sparked renewed market enthusiasm and reinforced PENGU's standing among altcoins with rising institutional exposure [2].

PENGU's price action has been closely watched as a potential test case for crypto ETFs that move beyond Bitcoin and Ethereum, especially given the inclusion of NFTs in its structure. The token's performance mirrors earlier rallies in March and June, when initial filings triggered similar surges [2].

The broader trend of altcoins attempting to gain institutional legitimacy through regulated products has also contributed to PENGU's recent gains. The combination of technical bullish signals and a regulatory event has driven investor speculation that the token could become a leader in its category during the current cycle [2].

PENGU's rally comes amid a broader trend of meme coins experiencing a revival. The crypto market sentiment has shifted in favor of altcoins, particularly within the Ethereum ecosystem, which is increasingly attracting capital away from Bitcoin. This has spilled over into the meme coin sector, where speculative appetite is higher [3].

Moreover, anticipation of U.S. interest rate cuts has sparked renewed risk-taking across financial markets. Crypto, and especially meme coins like PENGU, have benefited as traders rotate into higher-volatility assets [3].

PENGU's strong community roots, thanks to its large initial Solana airdrop, are also helping to sustain momentum. Many early recipients are still holding, creating a relatively tight supply on exchanges [3].

The token is now approaching a retest of its previous all-time highs, with a potential breakout imminent. If PENGU can sustain its current momentum and break through these resistance levels, it could mark a significant milestone for the token and its ecosystem.

References:

[1] https://coincentral.com/pudgy-penguins-price-prediction-pengu-to-0-1-after-200-surge/
[2] https://invezz.com/news/2025/07/10/pudgy-penguins-jumps-23-on-etf-proposal-linking-crypto-and-nft-assets/
[3] https://99bitcoins.com/news/presales/pengu-crypto-expecting-full-recovery-pudgy-penguins-liquidating-shorters/