Pudgy Penguin (PENGU) Surges 127.4% in a Week Amid Meme Coin Mania

Pudgy Penguin (PENGU), a rising meme coin, has garnered significant attention from traders following a nearly 10x increase from its lows around $0.0037. The token's creator recently shared insights in a YouTube video, outlining two main strategies for potential investors, though only one remains viable at present. According to the video, the token has already made its significant move from the bottom, suggesting that the "buy the dip" window has likely closed. The focus now shifts to a potential breakout above the $0.042–$0.045 zone. If the PENGU price closes above this level with strong volume, it could signal the start of a new rally.

The creator emphasized the importance of patience and strategy. He advised against rushing into the current price, as the risk of a sharp drop remains high, potentially as much as 90%. The safer approach, he suggests, is to wait for a confirmed breakout and a close above $0.045 before entering the market. This resistance zone has been a significant barrier for PENGU, and until it breaks, the price could fluctuate in either direction. However, a successful breakout could flip this resistance into support, potentially sparking the next leg of the uptrend.

The PENGU chart shows a steady uptrend, with the price repeatedly testing the same resistance level. Despite these attempts, bulls have not yet been able to push through. The structure remains intact, and volume is starting to pick up, indicating growing interest. The creator urged viewers to stay patient and wait for the breakout to confirm real strength, as this could be the catalyst for significant momentum.

With a market cap of around $19 million, PENGU currently ranks 47th among meme coins, trailing behind top names like Dogecoin, Shiba Inu, and Pepe. However, if the bullish scenario plays out, the creator predicts that PENGU could reach $1 during this cycle. He concluded the video by inviting viewers to share their predictions and join his VIP group, where he shares two trade setups daily.

Pudgy Penguin (PENGU) has recently experienced a remarkable surge in its price, with a 127.4% increase over the course of a week. This surge is driven by the resurgence of meme coin mania, strategic social media stunts featuring its avatars, and the filing of ETFs that propose allocating 95% of their holdings to the PENG token. Since its launch on Solana in late 2024, PENGU's price has doubled amid various marketing stunts and ETF rumors, leading some to speculate that it could become the biggest meme coin of the summer.

The fundamentals of PENGU are supported by a tight 63 billion-token float against a capped 88.88 billion supply. Nearly 26% of the tokens are locked for community rewards, and an airdrop that seeded hundreds of thousands of wallets in December remains largely unspent. This sense of scarcity has become a marketing asset, as evidenced by the 60% weekly sprint in price following social media stunts by major exchanges, which briefly swapped their avatars for Pudgy Penguins artwork. This stunt ignited institutional backing once a Form 19b-4 was filed to list the Canary PENG ETF and an S-1 was logged. Both filings propose allocating 95% of the fund’s holdings to PENG tokens, with the remaining 5% earmarked for Pudgy Penguin NFTs. This unprecedented structure is designed to blend liquid token exposure with the rarity and collectibility of the underlying art.

Within 24 hours of the stunt, the NFT floor price leapt from about 9 ETH to 11.6 ETH, demonstrating how the token and collection move in tandem. Liquidity followed, and the token’s revival from an April price struggle of around $0.028 to $0.0037 in July returned PENGU to the mid-cap league in barely three months. Just five days ago, PENGU jumped 33% alone. Smart money seems convinced by the return, with on-chain trackers flagging whales buying PENGU in large volumes and even billionaires endorsing the project. The PENGU/USDT 4-hour chart from July 11 to 15 shows a strong uptrend. The price moved sideways between $0.012 and $0.018 for a while, but buyers took control on July 13 and pushed it higher. On July 14, the price broke above the key $0.0300 level, confirming growing momentum. That level has now turned into solid support, holding steady through several retests. As long as this support holds, buyers remain in charge.

The rally continued into July 15, carrying PENGU to fresh highs and is currently trading around $0.03455. Trading activity rose during the breakout, reflecting strong participation, a positive indicator for sustainability. Breakouts accompanied by rising volume typically indicate genuine demand, reducing the likelihood of a false move. The price structure has consistently formed higher highs and higher lows, a hallmark of a strong uptrend. This pattern demonstrates sustained buyer dominance across multiple sessions, reinforcing bullish conviction. The volume footprint chart provides extra insight. A major event occurred during the 08:00 UTC 4-hour candle on July 15. The data shows a large negative delta of –126.25 million, indicating that aggressive market sells outnumbered market buys in that candle. However, despite this heavy selling pressure, the price did not drop. Instead, the candle remained green and continued pushing higher. This indicates that strong buy orders were absorbing the selling pressure, allowing PENGU to climb steadily. Such absorption shows buyers are still in control, and the trend remains supported beneath the surface.

The price now approaches a key resistance zone between $0.0350 and $0.0360, an area reinforced by recent bullish momentum. This level aligns with historical seller interest, increasing the likelihood of supply pressure. A decisive breakout above this zone, supported by strong volume, could indicate a continuation toward higher targets. Conversely, rejection here may trigger a retracement toward the $0.0310 support level, a logical consolidation point before any renewed upside attempt. The short-term target remains at $0.047, which would place PENGU close to its all-time high. From current levels, reaching this target would produce a 42% gain. PENGU is up about 200% over the last month and more than 600% in the last three months. Pudgy Penguins, Lil Pudgy NFTs, and NFTs in general are seeing higher interest. PENGU targets the $0.030 breakout amid an upcoming multiplayer game launch. Pudgy Penguins surged over 88% last week, outperforming the top 100.