Pudgy Penguins (PENGU) Soars to $0.044 – Is This Just the Beginning?

Pudgy Penguins (PENGU) isn't just waddling—it's sprinting. The token just hit $0.044, and the charts scream bullish. Here's why this rally might have legs.

The Penguin Pump: More Than Just Hype?

No fluff—just numbers. PENGU's surge isn't a fluke. Traders are stacking it, liquidity's deepening, and the community's buzzing louder than a DeFi degens' group chat. Even the skeptics are side-eyeing their short positions.

Where’s the Ceiling?

Predictions? Wild. Targets? Fuzzy. But one thing's clear: nobody's selling. The FOMO is real, and the next resistance level might as well be a speed bump. (Cue the usual 'this time it's different' chorus from crypto Twitter.)

The Cynic’s Corner

Sure, it’s a meme coin. Sure, the 'utility' is as thin as a trader’s patience during a dip. But hey—if it prints, it prints. Just don’t mortgage your house. Yet.

PENGU is also moving beyond the market hype, announcing the launch of a new battle royale game. The launch may add to the project’s exposure, combining hype with a real product, and a return of NFT activity. 

Pudgy Penguins new party game goes live very soon

We're going for #1 on the app store on launch day, help us share the love by pre-registering today (literally click a few buttons below) 🐧https://t.co/E7RMRt8FqN

— Andy (@ayyyeandy) July 23, 2025

The Pudgy Penguins NFT collection also saw its floor price rise from around 9 ETH to 16.20 ETH, close to the higher range for the past three months.

PENGU becomes proxy for meme trading

PENGU is rising on a mix of Solana hype, in addition to NFT reawakening on all chains. The NFT’s anniversary only added to the exposure, while the meme community is once again turning PENGU into a cult token. 

4 years of penguins, kindness, and cuteness.

Happy Anniversary @pudgypenguins! 💙 https://t.co/mqSZ5FN9Kt pic.twitter.com/P2Fv3yfRwW

— OpenSea (@opensea) July 22, 2025

PENGU rallied after taking the spotlight over the weak performance of PUMP following the Pump.fun ICO. The token was taken up by influencers and rallied mostly on its dominant mindshare. 

While initially PENGU was seen as failing due to post-airdrop selling, currently the asset is viewed as undervalued based on its exposure and mentions. PENGU may also become a proxy for the meme market, due to its peak liquidity and availability on exchanges. 

The rally continues to be supported by trading against the Korean won. Over 38% of the PENGU trades are in Korean won pairs, up from 32% earlier this month. South Korean traders are also boosting the brand exposure, causing the breakaway rally.

Pudgy Penguin creators are selling some PENGU

During the latest stage of the PENGU rally, the collection’s creators sold some of their holdings. The recent sales are relatively small compared to February’s placement of 12B PENGU. In the past couple of weeks, around 1B PENGU left the collection team’s wallet.

On-chain investigators noted PENGU was sold through Bybit, following the recent rapid growth from the year’s lows. The selling coincides with a period of price strength, though the team has also sold at $0.009.  

For now, the selling remains relatively small, but it may break the narrative of an even higher price range for PENGU. In the short term, the token is expected to rise above $0.05.

PENGU open interest is also at an all-time high of over $435M. The long-short ratio remains balanced, with no shift to short-selling yet, due to the market’s potential for surprising rallies. On Hyperliquid, a total of 22 whales have opened PENGU positions, split exactly in half into short and long bets.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now