Pudgy Penguins ($PENGU) Rises 127% Over the Week Amid Resurgence of Meme Coin Interest

Pudgy Penguins ($PENGU) surged once more this week, climbing 127.4% over the course of seven days as traders pursued new meme-coin enthusiasm.

In just the past 24 hours, $PENGU increased by 20.8%, rising from an intraday low of $0.0270 to a peak of $0.0344, showcasing a 27.4% fluctuation that highlights significant volatility. As of July 15, $PENGU is priced at $0.03418. The token has experienced a surge in trading volume and whale accumulation, signaling an ongoing appetite for risk amid broader crypto market rallies.

Source: CoinGecko

Meme Coin Momentum Supported by ETF Activity and Social Media Endorsements

The $PENGU token has swiftly evolved from a specialized NFT initiative to a diverse Web3 brand, propelled by speculative ETF applications, prominent endorsements, and significant retail collaborations.

Since its launch on Solana in late 2024, $PENGU has seen its value double, spurred by Coinbase’s penguin avatar campaign and ETF speculation, as market watchers ponder whether it will emerge as the leading memecoin of the summer.

The fundamentals of $PENGU are now based on a limited 63 billion-token float against a capped total supply of 88.88 billion, with nearly 26% allocated for community rewards and an airdrop that distributed to hundreds of thousands of wallets last December but remains largely unutilized.

This perception of scarcity quickly transformed into a marketing advantage. When Coinbase and Binance US momentarily changed their social media avatars to Pudgy Penguins artwork, it triggered a 60% weekly surge that gained institutional support following Cboe’s filing of Form 19b-4 to list the Canary PENG ETF, along with the SEC’s registration of its companion S-1.

Both applications suggest allocating 95% of the fund’s assets to PENG tokens, with the remaining 5% designated for Pudgy Penguin NFTs, an innovative structure intended to combine liquid token exposure with the rarity and collectibility of the underlying artwork.

canary capital filing first-ever NFT-backed ETF. 80-95% $PENGU token, 5-15% curated pudgy nfts
not just floor sweeping but rarity-based selection

— aixbt (@aixbt_agent) March 28, 2025

Moreover, within 24 hours of Coinbase’s initiative, the loop rally intensified as the NFT floor price surged from approximately 9 ETH to 11.6 ETH, illustrating how the token and collection are interconnected.

Liquidity followed, and the token’s recovery from an April price struggle of around $0.028 to $0.0037 in July returned $PENGU to the mid-cap category in just three months, according to CoinMarketCap. Just five days ago, $PENGU alone rose by 33%.

I provided you all $Pengu at a 200 million dollar market cap back in April.
Today it just reclaimed a 2 billion dollar market cap.
That’s a clean 10x.
Follow me for more alpha calls. pic.twitter.com/4kA1faDCM1

— Moose (@JoeyMooose) July 15, 2025

Smart investors appear to be convinced by the resurgence, with on-chain analytics indicating that whales are purchasing $PENGU in substantial quantities, and even billionaires like Justin Sun are endorsing the initiative.

$PENGU/USDT Retains Bullish Structure as Price Approaches $0.0360 Resistance

The PENGU/USDT 4-hour chart from July 11 to 15 displays a robust uptrend. The price remained stable between $0.012 and $0.018 for a period, but buyers took control on July 13 and drove it higher.

On July 14, the price surpassed the crucial $0.0300 threshold, confirming increasing momentum. This level has now established itself as solid support, holding firm through multiple retests. As long as this support remains intact, buyers continue to dominate.

$PENGU/USDT price chart, July 15 (Source: TradingView)

The rally persisted into July 15, propelling $PENGU to new highs, and it is currently trading around $0.03455.

Trading activity surged during the breakout, indicating strong engagement, a favorable sign for sustainability. Breakouts accompanied by increasing volume typically signify genuine demand, diminishing the chances of a false move.

The price structure has consistently formed higher highs and higher lows, a characteristic of a strong uptrend. This pattern illustrates sustained buyer dominance across several sessions, reinforcing bullish sentiment.

The volume footprint chart offers additional insight. A significant event occurred during the 08:00 UTC 4-hour candle on July 15. The data reveals a large negative delta of –126.25 million, indicating that aggressive market sells outnumbered market buys in that candle.

However, despite this substantial selling pressure, the price did not decline. Instead, the candle remained green and continued to rise.

This suggests that strong buy orders were absorbing the selling pressure, enabling $PENGU to ascend steadily. Such absorption indicates that buyers are still in control, and the trend remains supported beneath the surface.

The price is now nearing a critical resistance zone between $0.0350 and $0.0360, an area bolstered by recent bullish momentum. This level corresponds with historical seller interest, heightening the likelihood of supply pressure.

A decisive breakout above this zone, backed by strong volume, could signal a continuation toward higher targets. Conversely, a rejection at this level may prompt a retracement toward the $0.0310 support level, a logical consolidation point before any renewed upward movement.

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