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

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

by Ouess

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

PENGU Price Source : TradingView

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

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