Pudgy Penguins (PENGU) and Whale Activity in the Memecoin Market: Decoding Critical Price Zones After a $2.5M Sweep at Lows

The NFT and memecoin markets have always thrived on volatility, speculation, and the occasional "whale sweep" that sends ripples through the ecosystem. In November 2025, a $2.5 million whale transaction in Pudgy Penguins became a focal point for investors and analysts, even as the broader NFT market grappled with declining trading volumes and bearish sentiment. This article unpacks the implications of this sweep, identifies critical price zones for PENGU, and examines how capital flows might shape the token's trajectory in the coming months.

The Whale Sweep: A Flash in a Downtrend

According to a report by , a $2.5 million whale transaction in Pudgy Penguins occurred in November 2025, drawing attention to the collection during a period of broader NFT market weakness. While specific on-chain details like transaction hashes or timestamps remain elusive, the event is notable for its scale. At the time, global NFT sales had fallen by 11% in the preceding week, with trading activity and user participation waning. This context is critical: the whale's activity likely created a temporary spike in sentiment, but the broader market's structural challenges remain.

PENGU's Price Metrics: Bearish Momentum and Key Levels

Despite the whale sweep, PENGU's price action in November 2025 suggests a bearish bias. As of the time, the token traded around $0.02086, with analysts identifying key support and resistance levels. The immediate support line was pegged at $0.019, while resistance sat at $0.023. A break above $0.023 could push the price toward $0.027, but failure to hold above $0.019 risks a correction to $0.012. These levels form a "critical price corridor" that investors should monitor closely.

The whale sweep may have briefly influenced this corridor. For instance, if the transaction occurred near the $0.019 support level, it could have acted as a short-term floor, preventing further declines. However, the lack of granular pre- and post-sweep data makes it difficult to quantify the exact impact. What is clear is that the token's price prediction for November 2025 projected a range of $0.015 to $0.041, with an average of $0.029. This wide range underscores the speculative nature of the asset.

Capital Flows and Market Dynamics

The $2.5 million sweep highlights a recurring theme in the NFT and memecoin markets: large players often drive short-term liquidity. In this case, the whale's activity may have attracted retail investors, creating a temporary "hype cycle" around Pudgy Penguins. However, as noted by Cryptopolitan, the NFT market's broader decline in November 2025-marked by reduced trading volume and user participation-suggests that such events are increasingly isolated.

This dynamic raises questions about the sustainability of PENGU's price action. If the whale sweep merely delayed a correction rather than reversed the trend, the token's long-term prospects depend on whether it can attract consistent capital inflows. For now, the $0.019 support level remains a critical test. A sustained break below this threshold could trigger a cascade of liquidations, pushing the price toward $0.012. Conversely, a rebound above $0.023 might reignite bullish momentum, though it would need to hold above $0.027 to signal a meaningful reversal.

Strategic Implications for Investors

For investors, the key takeaway is to treat PENGU as a high-risk, high-reward asset. The whale sweep at lows in November 2025 may have created a temporary floor, but it does not negate the broader bearish trend. Positioning should be based on strict risk management:
1. Short-term traders might target the $0.019–$0.023 corridor, using the whale event as a catalyst for range-bound strategies.
2. Long-term holders should wait for a confirmed breakout above $0.027 or a sustained rebound above $0.019 before committing capital.
3. Bearish investors could hedge against a breakdown by shorting above $0.019, given the token's weak fundamentals.

Conclusion

The $2.5 million whale sweep in Pudgy Penguins in November 2025 is a case study in the interplay between large-scale capital flows and speculative markets. While the event briefly injected liquidity into the PENGU token, the broader NFT market's decline suggests that such activity is unlikely to drive a sustained recovery. Investors must remain vigilant, focusing on the critical price zones identified by analysts and the structural challenges facing the NFT ecosystem. In a market defined by volatility, the ability to distinguish between noise and signal will determine success.