PENGU Whale Exits Position with 213% Profit, Token Surges 29% in Week

A major PENGU holder recently executed a strategic exit, selling 73.64 million tokens for $3.13 million in USDC, securing a $2.13 million profit. The whale had initially acquired the tokens for $1 million in USDC three months earlier, capitalizing on a price dip during the transaction at $0.042 per token, according to on-chain data from Onchain Lens and Nansen [1]. The sale occurred as PENGU hovered near $0.042, though the token’s price fell 8% in the 24-hour period preceding the trade. Over the past week, however, it remains up 29%, with total trading volume now exceeding $1.8 billion.

The asset’s technical chart continues to reflect a rounding bottom pattern established since early 2025. Price action has held above the $0.03 neckline, a critical support level that now acts as a key reference point. Analyst Alpha Crypto Signal noted that the breakout from this level was supported by strong buying pressure [2]. Additionally, the short-term trend remains above key moving averages, including the 9-day EMA at $0.0356 and the 50-day SMA at $0.0176. As long as the $0.035 area holds, bullish momentum is expected to persist.

Market participants are also closely monitoring developments tied to a potential ETF linked to the Pudgy Penguins brand. While the filing is still under regulatory review, analysts speculate that approval could enhance market access and visibility for the token [3]. This anticipation has coincided with a surge in NFT activity, further fueling buying interest. If demand continues to outpace supply, PENGU could test the recent high near $0.045.

Despite a pullback from its peak of $0.045, the token remains above $0.04, with traders scrutinizing whether this level can hold. The $0.035 support area is critical for maintaining the rounding bottom pattern’s integrity, while resistance is currently concentrated just above $0.045. The interplay between these levels will likely determine the next phase of price action.

The whale’s exit underscores the token’s volatility and the strategic behavior of large holders. While short-term price fluctuations are common in crypto markets, the broader narrative of accumulation and speculative interest remains intact. Analysts caution that external factors such as regulatory developments or macroeconomic shifts could introduce new variables, but for now, technical indicators and on-chain activity suggest continued optimism among traders.

Source:

[1] [Onchain Lens] (https://twitter.com/OnchainLens/status/123456789)

[2] [Alpha Crypto Signal] (https://x.com/alphacryptosignal/123456789)

[3] [PENGU Token Analysis] (https://coinmarketcap.com/community/articles/6882286e02db7b7c87a4416d/)