The Pudgy Penguins (PENGU) meme coin is making waves, soaring 31% in 24 hours after Tron founder Justin Sun gave it a playful shoutout on X . His penguin-themed post sparked a frenzy, with the official Pudgy Penguins account welcoming him to “the Huddle.”
Why Is PENGU Pumping?
✅ Justin Sun’s endorsement (“Everyone has become a penguin”)
✅ ETF speculation – SEC acknowledged Canary’s PENGU ETF filing
✅ Strong fundamentals – Unlike many meme coins, PENGU has real utility tied to its NFT collection
Analyst Ali noted PENGU’s “textbook bullish retest” and set a short-term target of $0.060 by August—if the ETF gets approved.
PENGU Price Analysis: Can It Hit $0.07?
- Current price action: Recovering toward its ATH of $0.07 (Dec. 17)
- Key support levels:
- 50% Fib level: $0.036
- 61.8% Fib level: $0.044 (critical for bullish momentum)
- RSI rising – Higher highs signal growing buying pressure
Bullish scenario:
- Break above $0.044 could propel PENGU to $0.07 (+130%)
Bearish risk:
- If profit-taking hits, $0.019 could become the next support
Justin Sun’s TRON Fee Cuts
While PENGU stole the spotlight, Sun also announced TRON network upgrades:
- 30% reduction in energy rental costs (via Justlend’s STRX staking)
- More fee-cutting measures underway to boost competitiveness
Final Takeaway
PENGU’s sudden surge shows how social media hype + fundamentals can drive meme coins. With ETF hopes and Justin Sun’s endorsement, this penguin might keep flying—but traders should watch key Fib levels for confirmation.
Meanwhile, TRON’s fee cuts could make the network more attractive for developers.
