Pudgy Penguins Token Surges 408% in 30 Days on Institutional Demand Whale Accumulation

The Pudgy Penguins (PENGU) token has surged 408% over the past 30 days, driven by institutional demand, whale accumulation, and speculative fervor. Following a breakout above the $0.0325 resistance level, PENGU climbed 19% in 24 hours to $0.04393, signaling a broader bullish shift in the cryptocurrency market [1]. The token’s price action has pushed it beyond the upper Bollinger Band, indicating strong buying pressure despite analysts’ caution about potential short-term corrections [1]. A 20-day Simple Moving Average (SMA) of $0.025 further underscores the upward momentum, with volatility expected to remain elevated [1].

Bullish forecasts suggest PENGU could test $0.066000, a level last seen in early 2025, marking a 50% increase from current prices [1]. However, immediate support levels at $0.040 and $0.0325 remain critical; a breakdown below these thresholds could trigger a retest of $0.025 [1]. Institutional interest has intensified amid discussions of a proposed PENGU/NFT exchange-traded fund (ETF) by Canary Capital, pending U.S. Securities and Exchange Commission (SEC) approval [1]. If realized, the ETF would represent the first memecoin/NFT product offering regulated exposure to the sector, attracting institutional capital that has propelled PENGU’s market capitalization past $8 billion [1].

Whale activity has further accelerated PENGU’s rally, with large investors acquiring over 200 million tokens since July [1]. These accumulations, coupled with trading volumes exceeding $1.03 billion on Binance alone, reflect growing confidence in the token’s trajectory [1]. Exchanges like Bitget and OKX have also reported significant PENGU turnover, reinforcing its status as a top memecoin [1].

Technical indicators remain mixed. While the token’s dominance above the Bollinger Band suggests a continuation of the uptrend, market participants are advised to monitor volatility. A 23.36% potential return on investment (ROI) in October 2025 highlights the asset’s cyclical strength, though risks persist [1]. Analysts caution that a failure to sustain momentum could lead to a pullback, emphasizing the need for disciplined risk management.

The Pudgy Penguins ecosystem, built on the Solana blockchain, has become a focal point for investors seeking exposure to NFT-linked digital assets. Its native token’s rapid ascent reflects broader market dynamics, including FOMO-driven buying and regulatory developments in the memecoin space [1]. As the PENGU/NFT ETF proposal progresses through regulatory scrutiny, market watchers will closely track its impact on liquidity and price action.

Source: [1] [The Bit Journal – Pudgy Penguins Price Breaks Key Resistance Eyes] [https://thebitjournal.com/pudgy-penguins-price-breaks-key-resistance-eyes/]