Here’s Why Pudgy Penguins (PENGU) Price Is Pumping

Pudgy Penguins is back in the spotlight after a strong bounce in price and a massive spike in trading activity. After spending over a month just moving sideways, the PENGU price has jumped nearly 15% in the past 24 hours. 

It’s now trading around $0.01298, with volume exploding by 116% on major exchanges. Traders are clearly reacting to a mix of on-chain whale moves, chart signals, and renewed hype across social media.

That hype isn’t slowing down either. Luca Netz tweeted just 12 hours ago that Pudgy Penguins is on track to average 1 billion daily views by the end of the year. Meanwhile, crypto expert Ali posted a clean breakout chart of PENGU with the caption: “Told y’all! Don’t sleep on $PENGU.” That simple message helped stir even more attention.

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Pengu is on track to average 1B views per day by EOY. $PENGU is cryptos mascot. 🐧 pic.twitter.com/SH561brBO5

— Luca Netz 🐧✳️ (@LucaNetz) June 28, 2025

The pump started when whale wallets bought up over 200 million PENGU, worth around $2.4 million, according to CryptoniteUae. At the same time, rumors began flying that a Canary PENGU ETF has been submitted to the SEC, though nothing has been officially confirmed yet.

$PENGU surges 34% in 24h, fueled by whale accumulation of 200M tokens & Canary PENGU ETF SEC filing! 💰 $2.4M bought by whales pushes price to a multi-week high. Break $0.0129
Resistance → $0.0151;
Failure → pullback to $0.0100. #PENGU #Crypto #ETF #Bullish #DYOR

— CryptoniteUae (@CryptoniteUae) June 29, 2025

With all this happening at once, whale buys, ETF rumors, and nonstop tweets, the result has been the biggest price move since launch. According to the Solana Post, PENGU has now officially entered the top 10 memecoins by market cap.

🚨 $PENGU (@pudgypenguins) becomes the 8th-largest memecoin by market cap in the world. pic.twitter.com/1tWp3caaBo

— The Solana Post (@thesolanapost) June 28, 2025

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Technical Setup Shows PENGU Price Breakout with Strong Momentum

Chart data from Binance shows a clean breakout from the $0.0090 base, followed by sustained momentum. The 4H PENGU price chart reveals a bullish pattern of higher highs and higher lows since June 23. Fibonacci extension targets are being met in sequence, with price currently holding near the 1.618 level at $0.01175.

Volume increased during the breakout, and long-bodied candles with minimal wicks confirm bullish momentum. Traders are watching for a move above the $0.01273 mark to confirm a push toward $0.014.

What Comes Next for Pudgy Penguins (PENGU)

The following important level is again the 2.0 Fibonacci extension at $0.01273. If PENGU price closes above it, a continuation to $0.013 and higher remains on the cards.

A failure below $0.01175, however, would witness short-term retracement to $0.0110 or even lower. The $0.0094 level is again an important support zone in case of further retracement.

With volume setting new records on Binance and sentiment growing across platforms, market participants are keeping a close eye on the next move.

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