Pudgy Penguins Token Surges 433% – Could It Become the Next Dogecoin or Shiba Inu?

Pudgy Penguins (PENGU) has experienced a remarkable increase of 433% over the last 30 days, driven by Canary Capital’s initiative to introduce an ETF linked to the meme coin.

This development has significantly boosted a positive PENGU price forecast and revitalized interest in Solana-based meme tokens.

In addition to PENGU, Bonk (BONK), the leading Solana-based meme coin by market capitalization, has retained its dominance, with its price rising by 154% during the same timeframe following the launch of LetsBonk.

A surge in demand for Pudgy Penguins’ non-fungible tokens (NFTs) has led to an increase in their floor price. Current data indicates that Pudgy Penguins are now listed at 16 ETH (approximately $58,320 each), reflecting a 100% increase in just 15 days.

Most forecasts for the token on social media are presently optimistic. However, they also anticipate a slight pullback that could offer a more favorable entry point for late investors.

Would love to see $PENGU drive at some lows.
Any downside is going to be temporary so just represents opportunity to add more size.
Some obvious target points around here, just going to depend how generous the market will be. pic.twitter.com/Et2ivN4vPQ

— Cold Blooded Shiller (@ColdBloodShill) July 24, 2025

Trader Cold Blooded Shiller, whose X account boasts nearly 339,000 followers, is preparing to purchase if the price falls to $0.035, as positive momentum is expected to resume thereafter.

PENGU Price Prediction: PENGU Could Climb to $0.080 If Its Trend Line Support Holds

The daily chart illustrates PENGU’s steep rise and how the token has established a clearly defined uptrend that may serve as both support and resistance in the upcoming days.

Based on this trajectory, the critical support level to monitor for PENGU would be the $0.037 mark, at which point the price is expected to rebound off its trend line support and move towards $0.06, indicating a 63% upside potential in the near future.

Trading volumes for PENGU have been notably high in recent days, currently representing 75% of the token’s circulating supply. This suggests that traders remain quite engaged with the asset despite a 10% decline today.

The Relative Strength Index (RSI) remains at 74, indicating that the strength of the uptrend is still robust. Even if the trend line support is breached, the 9-day and 21-day exponential moving averages (EMA) should provide a final line of defense for bulls.

Meanwhile, a new chapter for Bitcoin’s DeFi may be on the horizon with the introduction of Bitcoin Hyper (HYPER). Solana meme coins like PENGU could continue to prosper as billions of dollars locked in BTC might now transition to this blockchain via the HYPER bridge.

Bitcoin Hyper (HYPER) Raises Nearly $4.5M to Unlock the Untapped Potential of BTC

Bitcoin Hyper (HYPER) is a high-performance layer-two chain designed to connect the Bitcoin and Solana networks.

It is setting the stage for a new era of BTCFi, a burgeoning movement aimed at integrating DeFi utility and programmability into the Bitcoin ecosystem.

BTC holders will no longer need to exit the Bitcoin network to earn yield, stake, and lend their assets.

They can transfer their BTC to a designated canonical address for the Hyper Bridge, where these tokens will be securely stored.

Upon receipt of these assets, an equivalent amount will be minted on the Bitcoin Hyper L2 to access DeFi platforms. The Solana blockchain facilitates all of this with rapid speed and minimal transaction costs.

As leading wallets and exchanges adopt Bitcoin Hyper, the demand for $HYPER is expected to surge. To acquire this token early at its discounted presale price, simply visit the Bitcoin Hyper website and connect your wallet (e.g., Best Wallet).

You can either swap USDT or ETH or use a bank card to invest.

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