Pudgy Penguins' $PENGU Token Surges 1.995% in 24 Hours, Breaking Out of Symmetrical Triangle Pattern

Pudgy Penguins's latest price was $0.04281, up 1.995% in the last 24 hours. The token associated with Pudgy Penguins, $PENGU, has been making waves in the cryptocurrency market. The token has shown a sharp breakout pattern, potentially heading for a strong rally toward a higher level. A recent chart captured on July 22, 2025, displayed a clear bullish formation. The token traded at a certain level, reflecting minor intraday volatility. A symmetrical triangle pattern formed between July 14 and July 21 confirmed a breakout. The consolidation showed tight price action between specific levels. This pattern typically precedes sharp directional moves in trending assets. On July 21, $PENGU/USDT exploded past the upper resistance of the triangle. This triggered a breakout surge that carried the price above a certain level. The upward momentum follows a well-defined ascending support line that began earlier in July around a specific region. The chart presents a clean trajectory with no overlapping resistance until a certain level. Given the angle of the breakout projection, the move to a higher level could follow soon. This sets a steep yet technical target within the short to medium term. Market participants tracking this token on Binance may interpret this as a shift toward bullish market sentiment. The projected continuation aligns with historical patterns seen in breakout formations across crypto markets. Investors often look for such consolidation phases followed by rapid price moves. The triangular consolidation seen before July 21 was long and narrow, indicating declining volatility. Such structure tends to compress price and act as a pressure coil before a move. When released, it often leads to exponential price activity. The immediate rally past the triangle reflects market confidence. The slope of the current rally, charted from the breakout point, reflects a consistent upward projection. Price reached a certain level before pulling back slightly to consolidate around another level. This suggests strong continuation potential. The steep projected path on the chart now intersects a higher mark within a few trading sessions. That value more than doubles the price from breakout, marking a potential significant upside. If this pattern holds, the next question emerges: Can $PENGU sustain momentum long enough to meet this target without major pullback? Technical traders often gauge such setups for position entries, trailing stops, or resistance-based exits. In this case, the breakout formed after extended sideways action. That tends to draw more trading attention and volume. The price pattern was charted over nearly 10 days, showing progressive narrowing. The base began forming after a steep climb from a certain level to another level. This previous upward leg lasted from July 10 to July 14. A retracement followed but held strong above a certain level, forming the triangle base. Buyers defended this level multiple times before breaking out decisively. That behavior reflects bullish market strength and low selling pressure. From a pattern-measured move perspective, the height of the triangle can be mirrored from the breakout point. That estimation places the extended price target between certain levels. As long as the price remains above the breakout base near a specific level, the bullish structure remains intact. The volume structure also appears to validate the breakout strength, given the fast price jump post-triangle. Pudgy Penguins’ $PENGU has stunned the cryptocurrency market with a significant rally in less than four weeks. The surge has pushed the token past significant NFT-related assets and into the spotlight as the highest-ranking NFT token on CoinMarketCap. TradingView data shows the token bounced from a low of a certain level in the last week of June to reach another level this week. Currently, the price of $PENGU stands at a certain level with a minor decline. It has recorded an enormous increase in cap, reaching a certain mark after a correction. This has placed $PENGU in a certain position among world cryptocurrencies, passing renowned projects. The price increase is indicative of the fact that $PENGU prices are becoming increasingly associated with the popularity of the Pudgy Penguins NFT collection. At DappRadar, the last 30 days registered a significant surge in Pudgy Penguins transaction volume, which reached a certain amount. The TradingView technical chart indicates an important overbought indication. $PENGU’s Relative Strength Index (RSI) is at a certain level, which is still higher than the 70 level that usually indicates overbought territory. Bollinger Bands indicate the token is trading above the upper band, which usually means persistent bullish pressure. Meanwhile, the price continues trading well above its 20-day simple moving average at a certain level. The most recent candle shows a temporary correction of the top, but the bullish mood has not changed. Daily trading volumes have remained solid, and traders are still interested in the token as NFTs gain popularity. $PENGU is no longer trailing other major collections such as the Bored Ape Yacht Club and Moonbird, which indicates a revolution in the NFT market. Its appreciation coincides with the period of crypto market consolidation. $PENGU’s swift rise and technical strength have cemented its role as the new leader among NFT tokens. As trading activity and investor attention remain high, the asset continues to reshape the NFT and altcoin market rankings. Pudgy Penguins’ $PENGU is testing a key support level as market forces collide. Whales are accumulating aggressively while NFT activity continues to rocket. The Solana meme coin’s recent pullback follows a wild rally, leaving traders on the lookout for the next big move. Behind the price action, $PENGU continues to evolve beyond its meme coin roots, with growing utility across gaming and digital collectibles fueling its volatile rise. Pudgy Penguins has captured the crypto world’s attention, with its native token, $PENGU, rising from roughly a certain level in March to fresh highs of another level in July. Trading activity has exploded alongside the price, with market data reporting daily volumes of a certain amount, which peaked above another amount during the token’s most frenzied days. As a result, $PENGU’s market capitalization has vaulted past the $2.5 billion threshold, ranking as the 55th largest token based on market cap—solidifying its status as one of Solana’s leading meme coins. $PENGU’s utility spans digital experiences in the upcoming Pudgy World, powering Abstract Network gaming and streaming, allowing Solana staking, and unlocking merchandise and exclusive content. Pudgy Party, a forthcoming mobile game, opens the token utility in the mobile entertainment and gaming world. On-chain data reveals aggressive accumulation by large holders, with whale wallets scooping up roughly 200 million $PENGU tokens since the start of July. The Pudgy Penguins NFT collection has also rallied, with trading volume up a certain percentage and the floor price climbing from below a certain amount to about another amount, fueling cross-market momentum. This revival in NFT demand has reinforced $PENGU’s narrative as a cultural phenomenon and provided tangible utility to holders who engage with both tokens and collectibles. Institutional interest has also been on the rise, especially with speculation surrounding a landmark ETF approval. Last month, Canary Capital filed a 19b-4 form with the SEC/Cboe to list the first product of its kind: an actively managed “Canary PENGU ETF” allocating 80–95% of its assets to $PENGU tokens and the remainder to Pudgy Penguins NFTs. What began as a niche meme coin embedded within an NFT project has evolved into a multifaceted phenomenon.

Pudgy Penguins, the NFT collection renowned for its "good vibes" and positivity, recently celebrated its four-year anniversary. This milestone highlights a significant turnaround story within the NFT sector. Originally launched in July 2021, the collection of 8,888 NFTs sold out swiftly, garnering attention from major outlets and becoming a notable emblem of the NFT boom. Following the initial collection, Pudgy Penguins released subsequent NFT sets: Pudgy Rods and Lil Pudgys, accessible via free claims for original holders. A pivotal moment occurred in April 2022 when entrepreneur Luca Netz acquired Pudgy Penguins, including the brand, company, and related assets, for 750 ETH. Netz's stewardship revitalized the project, leading to increased optimism and activity within the community. The brand has since evolved into Igloo Inc. and significantly expanded its real-world presence. Pudgy Penguins consumer products are now available in over 10,000 major retail locations globally, including Walmart, Target, Five Below, Walgreens, and Amazon, resulting in millions of items sold. Brand expansion continues through strategic partnerships. Recent collaborations announced include household names Scrub Daddy, PEZ, and motorsport giant NASCAR. Furthermore, the company has teased one of its largest partnerships ever, scheduled for launch in the fourth quarter of this year. Expanding its reach beyond the Web3 audience, Pudgy Penguins will actively participate in San Diego Comic Con from July 24 to July 27, aiming to bolster brand recognition among wider consumer demographics. Demonstrating the project's engagement with the digital currency ecosystem, Igloo Inc. launched the Pudgy Penguins Token (PENGU) in December 2024. Based on the Solana blockchain, the token was initially claimable by owners of various Pudgy Penguins NFTs and extended to several other partner communities. This tokenization represents another phase in the project's development under Netz's leadership. The evolution into Igloo Inc. and the licensing model enables NFT holders to earn royalties from the growing consumer product lines. Recent weeks witnessed a notable surge of support on social media platform X, where numerous cryptocurrency-related companies altered their profile pictures to feature custom-designed Pudgy Penguins artwork. This widespread adoption as profile pictures underscores the brand's growing influence and community sentiment within the crypto industry.