{"id":78066,"date":"2025-07-03T16:05:29","date_gmt":"2025-07-03T16:05:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=78066"},"modified":"2025-07-03T16:05:29","modified_gmt":"2025-07-03T16:05:29","slug":"why-is-the-pudgy-penguins-pengu-price-up-by-70-this-week","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=78066","title":{"rendered":"Why is the Pudgy Penguins (PENGU) Price up by 70% This Week?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion.<\/span>
\nAnalysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU\u2019s current trajectory and PEPE\u2019s past breakout.<\/p>\n

<\/a><\/span><\/h2>\n

PENGU\u2019s Rally<\/h2>\n

The Solana-based Pudgy Penguins (PENGU), which <\/span>saw the light of day<\/span> towards the end of last year, <\/span>appears to be<\/span> among the latest major trends in the meme coin niche.<\/span> Its price jumped by over 70% in the past seven days, reaching a two-month high of roughly $0.016.<\/span><\/p>\n

<\/a>PENGU Price, Source: CoinGecko<\/p>\n

Its market capitalization surpassed $1 billion, making PENGU the eighth-largest in its field and the 94th-biggest in the entire market. <\/span>As it rose <\/span>up<\/span> the crypto ranks, the asset <\/span>flipped<\/span> popular meme coins like <\/span>dogwifhat<\/span> (<\/span>WIF<\/span>), <\/span>FLOKI<\/span> (FLOKI), Brett (BRETT), and others.<\/span><\/p>\n

Several factors have positively influenced the token\u2019s valuation over the last week. One of the main ones is Canary Capital\u2019s <\/span>filing<\/span><\/a> with the CBOE to introduce a PENGU ETF. The fund, if it receives the necessary green light, will become the first in America to hold actual NFTs, specifically from the Pudgy Penguins collection, along with the underlying meme token.<\/span><\/p>\n

Another bullish element is Revolut\u2019s decision to make PENGU available on its trading platform. The <\/span>listing<\/span><\/a> gives Revolut\u2019s multi-million-user base direct access to the coin, boosting its exposure and contributing significantly to its recent rally.<\/span><\/p>\n

The Next PEPE?<\/span><\/h2>\n

PENGU\u2019s price increase as of late has led some industry participants to believe that it could repeat the impressive performance of PEPE, which was at the crest of the wave on a couple of occasions last year. One person who <\/span>spotted<\/span><\/a> a potential similarity between the dynamics of the two meme coins is Ali Martinez.\u00a0<\/span><\/p>\n

\u201cPENGU is starting to look a lot like PEPE did before it exploded! A daily close above $0.015\u2013$0.017, and this train could be unstoppable,\u201d he said.<\/span><\/p>\n

Shortly after, Martinez chipped in again, <\/span>foreseeing<\/span><\/a> that PENGU could be on the verge of a massive rally toward $0.044. Such a move would represent a 200% jump from current levels.\u00a0<\/span><\/p>\n

The post Why is the Pudgy Penguins (PENGU) Price up by 70% This Week?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion. Analysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU\u2019s current trajectory and PEPE\u2019s past breakout. PENGU\u2019s Rally The Solana-based Pudgy Penguins (PENGU), which saw the light of day towards the end of last year, […]<\/p>\n","protected":false},"author":0,"featured_media":78067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78066"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78066"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78067"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}