Pudgy Penguins’ native token, PENGU, has experienced a notable uptick in the past 24 hours, rising double digits to $0.032.

The memecoin’s surge, driven by a staggering 300% increase in trading volume, puts buyers on the verge of a potential breakout to highs last seen in mid August.

PENGU price surges as volume jumps 300%

MYX Finance and Worldcoin are the top two gainers among the 100 largest coins by market cap in the past 24 hours.

But while MYX and WLD lead with 179% and 23% respectively, PENGU has seen a double-digit price increase of its own as it hovers 16% up.

The altcoin climbed to highs of $0.033 for the first time since August 25, with market data showing the gains tracked a 300% spike in daily trading volume.

As exchanges like Binance, OKX  and Bybit reported huge trading activity for the coin, cumulative spot trading jumped to over $564 million.

Data from Coinglass showed open interest jumping from $270 million to over $310 million, while the double digit gain pushed more shorts into rekt positions.

As of writing, data showed over $1 million in bearish bets wiped out in 24 hours, compared to about $360k in long positions.

Pudgy Penguins price forecast

PENGU’s impressive performance aligns with a decent bounce for several altcoins.

Notably, factors such as the U.S. Securities and Exchange Commission (SEC) acknowledging proposed PENGU/NFT exchange-traded fund and overall resurgence in macro sentiment gives bulls a boost so needed heading into Q4.

Support for Pudgy Penguins as a collateral asset on Coinbase for perpetual futures trading and other integration news add to the bullish outlook.

Ecosystem growth is another factor and the project was recently noted amid a key partnership:

“Pudgy Party is a fast-paced mobile game featuring 6 game modes and 35 maps to enjoy solo or with friends. Collect resources and unlock rare costumes featuring collaborations with some of the world’s biggest brands and internet-native IPs.”

From a technical indicators point of view, the Relative Strength Index (RSI) stands at 53 and is upsloping. This suggests upward momentum is likely.

PENGU’s daily chart also shows the Moving Average Convergence Divergence (MACD) hinting at a bullish crossover.

Crypto analyst Ali Martinez has also pointed out that Pudgy Penguins is currently a buy given the TD Sequential indicator.

If the MACD line decisively rises above the signal line, it will affirm the upward momentum and combine with the breakout of a downtrend line to allow bulls to target $0.036 and $0.043.

PENGU price reached an all-time high of $0.057 in December 2024.

The post PENGU price targets new all-time high amid 300% volume spike appeared first on CoinJournal.

PENGU price targets new all-time high amid 300% volume spike

Source: https://coinjournal.net/news/pengu-price-targets-new-all-time-high-amid-300-volume-spike/

Pudgy Penguins (PENGU) is capturing the attention of crypto traders after an explosive move that echoes PEPE’s iconic breakout last year.

In just one week, PENGU surged more than 70%, climbing to a two-month high of $0.0163 and overtaking established meme tokens like WIF, FLOKI, and BRETT in market cap rankings.

This unexpected rise, now positioning PENGU as the eighth-largest meme coin and 94th overall by market cap, is drawing comparisons to PEPE’s historic ascent that turned heads across the crypto community.

PENGU ETF filing fueling the surge

The main catalyst behind PENGU’s sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins.

On June 25, 2025, the Cboe BZX Exchange submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), seeking approval for a first-of-its-kind hybrid ETF backed by Canary Capital.

The proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remaining balance in Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles.

If approved, this would be the first American ETF to hold actual NFTs along with a meme coin, a structure that opens the door for institutional access to the NFT-backed meme economy.

Investor sentiment turned sharply bullish after the announcement, with rising trading volume and social media buzz reflecting growing confidence in PENGU’s long-term potential.

Fintech giant Revolut has listed Pudgy Penguins (PENGU)

Adding to the momentum, fintech giant Revolut listed PENGU on its trading platform, allowing millions of retail users globally access to the asset.

This integration gave PENGU a new level of accessibility and credibility, reinforcing its status as more than just a fleeting meme trend.

The listing’s timing, aligned with the ETF news, created a perfect storm of exposure and utility that rapidly boosted demand and liquidity.

Strong technicals back the bullish sentiment

Technical indicators further support PENGU’s upward trajectory, signalling sustained bullish pressure in recent sessions.

Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range.

A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even projecting a run toward $0.044, a potential 200% increase.

The Chaikin Money Flow (CMF) indicator registers a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally.

Meanwhile, accumulation indicators like A/D show sustained interest on dips, and rising volume suggests that buyers are firmly in control of the market.

History may be repeating itself

Market analyst Ali Martinez has drawn a compelling comparison between PENGU and PEPE’s breakout pattern from last year.

According to Martinez, PENGU’s current structure mirrors PEPE’s pre-rally phase, and a daily close above the $0.015–$0.017 zone could unleash a similar vertical move.

$PENGU is starting to look a lot like $PEPE did before it exploded! A daily close above $0.015–$0.017, and this train could be unstoppable. pic.twitter.com/dQqc8lY7ev

— Ali (@ali_charts) July 1, 2025

Despite its recent strength, PENGU is still down 77.6% from its December 2024 all-time high of $0.06845, offering significant room for recovery if momentum continues.

At the same time, the token has rebounded 312% from its April 2025 low of $0.003715, suggesting a foundational base has been established.

If history repeats itself, as it did with PEPE, then Pudgy Penguins (PENGU) might soon find itself at the forefront of the next meme coin frenzy — this time with deeper institutional roots and a hybrid structure that sets it apart.

The post Striking similarities between current Pudgy Penguins trajectory and PEPE’s past breakout appeared first on CoinJournal.

Striking similarities between current Pudgy Penguins trajectory and PEPE’s past breakout

Source: https://coinjournal.net/news/striking-similarities-between-current-pudgy-penguins-trajectory-and-pepes-past-breakout/