Pudgy Penguins Token Surges 25% After Binance Removes Seed Tag

Generated by AI AgentCoin World
Monday, Jul 21, 2025 3:03 am ET1min read
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Aime RobotAime Summary

- Binance removed the Seed Tag from Pudgy Penguins' PENGU token, signaling its transition to a mainstream digital asset alongside established cryptocurrencies.

- PENGU surged over 25% in seven days, reaching $0.03441, as the move validated its compliance with security, transparency, and development standards.

- Analysts predict a potential 117% price increase to $0.075, supported by bullish chart patterns and growing NFT market confidence driven by Ethereum's performance.

- Pudgy Penguins now ranks as the second-largest NFT project, with social media enthusiasm and consistent team updates reinforcing its maturing market position.

Pudgy Penguins, a prominent digital asset, has seen a significant surge in value following the removal of the Seed Tag by Binance. This move has placed PENGU, the native token of Pudgy Penguins, alongside more established digital coins, signaling its maturation from an early-stage project. The decision by Binance to remove the Seed Tag for PENGU and four other projects—BONK, EIGEN, ETHFI, and PEPE—has sparked renewed interest and confidence in the altcoin community.

The Seed Tag, reserved for new, experimental, or high-risk projects, is a label that Binance uses to indicate uncertainty and caution. The removal of this tag for PENGU suggests that the project has met all legitimacy requirements, including security, team responsiveness, transparency, and developer activity. This positive reaction across social platforms has further fueled the enthusiasm among PENGU holders, who have seen their portfolios increase by over 25% in the past seven days.

Analysts have shifted their focus to the price charts following the announcement. PENGU saw a sharp jump to intraday highs of $0.03441, driven by organic demand and community support. Renowned analyst Ali Martinez predicts continued surges for PENGU, targeting the $0.075 mark. This would mean an approximately 117% surge from the alt’s current market price. The bullish pennant formation observed in the PENGU/USDT chart suggests another breakout in the trend’s direction, further supporting the upward outlook.

The native token trades at $0.3441 after climbing from daily lows of $0.3042. PENGU has traded inside a constricting range since climbing from $0.012 on July 10, propelled by the ETF proposal. The token has printed higher lows and lower highs amid bullish momentum, forming a triangle with support around $0.3010 and immediate resistance at $0.0335. PENGU sits above this obstacle today, and a confirmation will likely trigger remarkable rallies. The chart shows the token could climb towards $0.075, translating to an approximately 117% uptick from PENGU’s present market price.

Broad market sentiments support the upward outlook. Bulls dominate as the NFT market recovers, with Ethereum’s outperformance suggesting an altcoin season. Pudgy Penguins is now the second-largest non-fungible token, driving the ongoing NFT market revival. The team’s consistent updates, brand expansion, and NFT growth fuel the upside trajectory, signaling a new chapter for Pudgy Penguins. The positive reaction across social platforms and the removal of the Seed Tag by Binance have further cemented PENGU’s position as a maturing and promising digital asset.