Solana News Today: Pudgy Penguins Altcoin Surges 300% in a Month, Analyst Predicts Further Gains

A widely followed crypto analyst has identified a Solana-based altcoin that has surged 300% in a month and is poised for further gains. The analyst, known by the pseudonym Bluntz, shared his insights during a recent strategy session with his followers on the social media platform X. Bluntz's analysis focuses on the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) collection. Despite its recent gains, Bluntz believes that PENGU is set to rally further, noting a recent 18% dip as a potential buying opportunity in the current strong uptrend. According to Bluntz's chart, PENGU could rise to $0.038 in the coming days. At the time of writing, PENGU was trading at $0.0309, reflecting a 7.7% decrease for the day. PENGU reached its weekly high of $0.034 on July 16th, marking a 68% increase from its seven-day low of $0.0184. Bluntz described PENGU as a "silent underperformer," noting its impressive 143% gain over the past two weeks, making it the best-performing large-cap meme asset with a market capitalization exceeding $1 billion.

Bluntz also updated his outlook on two other popular memecoins. For the dog-themed meme asset Floki (FLOKI), Bluntz predicted that it has more room to grow before breaking its resistance level around $0.000123. According to Bluntz, FLOKI's recent moves have been promising, and breaking the $0.000123 resistance level is inevitable. At the time of writing, FLOKI was trading at $0.000142, representing a 29% increase for the day. Bluntz's prediction came true as FLOKI is trading for $0.000142 at time of writing, a 29% increase on the day.

Finally, Bluntz analyzed Bonk (BONK), another Solana-based memecoin. Despite a 96% rise since the beginning of July, Bluntz believes that BONK has much more room to grow. At the time of writing, BONK was trading at $0.000036, reflecting a 4.9% increase for the day. Bluntz's analysis suggests that BONK's upward trajectory is far from over, indicating potential for further gains in the near future.

In summary, Bluntz's analysis highlights the potential for significant gains in Solana-based altcoins, particularly PENGU, FLOKI, and BONK. Despite recent surges, these assets are poised for further growth, with PENGU and BONK showing strong upward trends and FLOKI on the verge of breaking key resistance levels. Bluntz's insights provide a bullish outlook for these memecoins, suggesting that investors may want to consider these assets as part of their portfolios.