PENGU Price Soars 20% as Whale Accumulation and ETF Hype Grow

Pudgy Penguins (PENGU) is making waves, jumping 20% in hours to $0.0115 as whale accumulation and ETF speculation ignite bullish momentum. With trading volume up 270% to $338M, the meme coin could be gearing up for an even bigger move.

Why PENGU Is Rallying

1️⃣ Whales are loading up:

• Top 100 wallets increased holdings by 2.27% (Nansen)
• Public figures boosted exposure by 7%+
• Signals strong accumulation phase

2️⃣ ETF filing sparks optimism:

• Cboe exchange submitted 19b-4 filing for PENGU ETF
• Second meme coin after Dogecoin to get ETF attention
• Approval could trigger institutional inflows

Technical Setup Hints at 70% Upside

✅ Falling wedge breakout confirmed
✅ RSI at 57 (bullish but not overbought)
✅ AO histogram shows bearish momentum fading
✅ Target: $0.019 (+70% from current levels)

Key Levels to Watch

• Immediate support: $0.011 (wedge breakout level)
• Resistance: $0.019 (January 2025 highs)
• Risk: Failure to hold $0.011 may delay rally