The Pudgy Penguins NFT collection, known for its PENGU memecoin, has made a remarkable rebound, with its token reaching $0.0165 for the first time since February. This resurgence signals revitalized investor confidence.
Defying the overall trends in the cryptocurrency market, the NFT-backed currency has registered a remarkable 49% increase over the past week. It temporarily surpassed a $1 billion market cap before undergoing a period of profit-taking.
Source: Finance Newso
At present, PENGU is trading at $0.01473, reflecting a modest 3% gain as it recovers from a recent low of $0.01368, peaking at $0.01653.
PENGU Gains Bitcoin-like Attention, Analysts Draw Comparisons to PEPE
In the past six months, the Solana-based memecoin has garnered attention akin to Bitcoin, amassing approximately 850 million daily interactions across popular platforms such as Tenor and Giphy.
Pengu: The most viewed crypto-native character in the world https://t.co/7uiQCaTdAH
— Pudgy Penguins (@pudgypenguins) June 30, 2025
This extensive online engagement has boosted investor optimism, with many speculating that a breakout at the $0.02 mark seems increasingly achievable.
Pudgy Penguins NFT investor @Carlitosway posits that should PENGU successfully breach the resistance level of $0.0175, the token could see its value surge by 50%, propelling it toward the $1.5 billion market cap resistance.
Chart analyst Ali Charts has noted the similarities between PENGU’s trajectory and that of PEPE before its exponential rise, suggesting that “$PENGU is starting to resemble $PEPE right before its explosion!”
$PENGU is starting to look a lot like $PEPE did before it exploded! A daily close above $0.015–$0.017, and this train could be unstoppable. pic.twitter.com/dQqc8lY7ev
— Ali (@ali_charts) July 1, 2025
Recent data indicates that PENGU has emerged as the top choice among savvy investors on the Solana platform, with the highest number of purchases recorded over the past 24 hours and week.
The token’s availability has been bolstered through listings on prominent exchanges, including Binance, Coinbase, Bybit, OKX, and KuCoin.
Pengu is taking over the most popular exchanges:
Binance
Coinbase
Bybit
OKX
KuCoin
Krakenhttps://t.co/RmCf00r2op
Binance US
Robinhood US
Robinhood EU
Revolut
Upbit
Bithumb
Gate, Bitget, MEXC, HTX, Bitstamp, CoinList, Uphold
What's missing? pic.twitter.com/qmV3V6OeXM
— Berko (@Berko_Crypto) June 30, 2025
The token’s reach has been extended through regional exchanges, including Binance US and Robinhood EU, as well as Asian platforms like Upbit and Bithumb, laying the groundwork for the anticipated price target of $0.02.
Pudgy Penguins: From NFT Collection to Memecoin Sensation
Pudgy Penguins is a collection consisting of 8,888 unique NFT penguins minted on the Ethereum blockchain, originally launched in July 2021.
The project’s evolution into a tokenized ecosystem commenced on December 17, 2024, with the official launch of PENGU on the Solana blockchain.
The token’s introduction sparked significant excitement in the market, witnessing price increases of nearly 500% from $0.01141 to an all-time high of $0.06845 on launch day, followed by subsequent volatility.
Igloo Inc., the corporation behind Pudgy Penguins, aims to broaden its reach beyond NFTs and merchandise, venturing into entertainment realms including film, gaming, and television.
This strategic expansion garnered attention during a recent VanEck event, where Pudgy Penguins was featured as the crypto mascot for the NASDAQ opening bell ceremony, in collaboration with the asset management firm.
@pudgypenguins at @Nasdaq https://t.co/fQXFdg4nhm pic.twitter.com/Z0XKmIZeEv
— VanEck (@vaneck_us) June 23, 2025
The brand is also in the process of developing “Pudgy Party,” a mobile game created in conjunction with Mythical Games.
Initial gameplay previews indicate an engaging mix of elements reminiscent of both Mario Party and Fall Guys.
The inclusion of PENGU and Pudgy Penguins NFTs in Canary Capital’s ETF filing, initiated in late March, has introduced additional catalysts for growth that may attract traditional investors.
Technical Indicators Suggest Promise Ahead for PENGU
The 4-hour chart for PENGU/USDT indicates a notable breakout from a well-established descending channel pattern, suggesting a shift from bearish to bullish sentiment.
The asset has made a substantial recovery from lower support levels and is currently priced at $0.01466, gaining momentum after surpassing critical Fibonacci retracement levels at 61.8% and 50%.
Source: TradingView
The price action has regained support above the $0.0128–$0.0130 range and is now approaching upper resistance levels between $0.016 and $0.017, previously noted for consolidation and selling pressure.
If the bullish trend continues, PENGU could test the $0.016 mark and potentially extend its range to $0.018–$0.02.
Conversely, failing to uphold support above $0.014 might result in a short-term correction back to $0.0128 before another attempt at upward movement.
The post PENGU Memecoin Nets 850M Daily Views – Will a $0.02 Breakout Mirror PEPE’s Explosion? appeared first on Finance Newso.
