Pudgy Penguins ($PENGU) Gains 12% on Robinhood Listing and Whale Accumulation

Pudgy Penguins ($PENGU) has emerged as Solana’s most valuable token, with its price rising 12% to $0.0368 and over 567,000 holders[1]. This growth has been bolstered by increased accessibility following the token’s listing on Robinhood’s Advanced trading platform. Initially dipping after the listing, $PENGU rebounded with a 5% gain, which also contributed to a 52% increase in the floor price of Robinhood Legend Pudgy Penguins NFTs over the past month[1].

Whale activity has also played a role in the token’s recent performance, with large-scale investors acquiring 14 billion PENGU tokens during this period. Meanwhile, the deployer wallet moved 1.5 billion tokens, representing 2.3% of the circulating supply[1]. However, insiders sold $5.6 million worth of tokens, raising questions about the long-term intentions of key stakeholders. Despite this, the accumulation by whales during price declines suggests a strategic, long-term view of the token’s value[1].

Pudgy Penguins is also expanding its Web3 footprint through various initiatives. The launch of “Pengu Clash” on The Open Network and the introduction of “Pudgy Records,” a music label, aim to broaden the brand’s appeal and reach new audiences[1]. Additionally, the project is entering Asia’s $30 billion merchandise market through a partnership with Suplay Inc., a licensee of Disney and Marvel. Trading cards and blind boxes are expected to be released in late 2025[1].

Further diversifying its ecosystem, Pudgy Penguins announced the upcoming August 2025 release of “Pudgy Party,” a mobile battle-royale game developed in partnership with Mythical Games. The game is designed to attract casual gamers and potentially bring a new wave of users into the $PENGU ecosystem[1]. High-profile collaborations with NASCAR and Lufthansa have also helped expand the brand’s mainstream presence. An animated YouTube series featuring the Lil Pudgys, launched with TheSoul Publishing, adds another layer of media exposure aimed at onboarding a new generation of fans[1].

Despite these developments, technical indicators suggest caution. $PENGU has formed a double-top pattern on the 4H timeframe, with two prominent peaks around the $0.048–$0.050 level before the token broke below the neckline near $0.035[1]. After briefly dipping to $0.032, the price has consolidated near $0.0368, sitting at the 20-period simple moving average (SMA) with the 50- and 100-period SMAs trailing below. While the price reclaiming short-term moving averages is a positive sign for bulls, it is not enough to negate the bearish pattern[1].

Volume activity has also decreased compared to the breakdown phase, which typically signals indecision among traders. This is not uncommon for such chart patterns, as volume often dries up until a clear direction emerges. Without a surge in volume, $PENGU may remain range-bound in the near term[1]. The MACD also reflects this indecision, with the MACD line barely crossing the signal line and histogram bars turning green—early signs of potential bullish momentum, but not yet convincing[1]. If the price fails to break above $0.038–$0.039 with increased volume, a deeper correction toward $0.024 may follow[1].

The future trajectory of $PENGU will depend on whether buyers can reestablish control above key resistance levels and whether the broader market conditions favor continuation of the bullish trend. Strategic partnerships and expanding brand initiatives suggest long-term potential, but for now, technical indicators and market sentiment remain mixed[1].

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[1] Pudgy Penguins ($PENGU): Can Solana’s Top Token Maintain Momentum Above $0.037? (https://cryptonews.com/news/pudgy-penguins-pengu-can-solanas-top-token-maintain-momentum-above-0-037/)