Strong support and rising volume signal bullish momentum for PENGU.
Pudgy Penguins (PENGU) is capturing the attention of crypto traders after an explosive move that echoes PEPE’s iconic breakout last year.
In just one week, PENGU surged more than 70%, climbing to a two-month high of $0.0163 and overtaking established meme tokens like WIF, FLOKI, and BRETT in market cap rankings.
This unexpected rise, now positioning PENGU as the eighth-largest meme coin and 94th overall by market cap, is drawing comparisons to PEPE’s historic ascent that turned heads across the crypto community.
The main catalyst behind PENGU’s sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins.
On June 25, 2025, the Cboe BZX Exchange submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), seeking approval for a first-of-its-kind hybrid ETF backed by Canary Capital.
The proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remaining balance in Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles.
If approved, this would be the first American ETF to hold actual NFTs along with a meme coin, a structure that opens the door for institutional access to the NFT-backed meme economy.
Investor sentiment turned sharply bullish after the announcement, with rising trading volume and social media buzz reflecting growing confidence in PENGU’s long-term potential.
Adding to the momentum, fintech giant Revolut listed PENGU on its trading platform, allowing millions of retail users globally access to the asset.
This integration gave PENGU a new level of accessibility and credibility, reinforcing its status as more than just a fleeting meme trend.
The listing’s timing, aligned with the ETF news, created a perfect storm of exposure and utility that rapidly boosted demand and liquidity.
Technical indicators further support PENGU’s upward trajectory, signalling sustained bullish pressure in recent sessions.
Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range.
A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even projecting a run toward $0.044, a potential 200% increase.
The Chaikin Money Flow (CMF) indicator registers a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally.
Meanwhile, accumulation indicators like A/D show sustained interest on dips, and rising volume suggests that buyers are firmly in control of the market.
Market analyst Ali Martinez has drawn a compelling comparison between PENGU and PEPE’s breakout pattern from last year.
According to Martinez, PENGU’s current structure mirrors PEPE’s pre-rally phase, and a daily close above the $0.015-$0.017 zone could unleash a similar vertical move.
Despite its recent strength, PENGU is still down 77.6% from its December 2024 all-time high of $0.06845, offering significant room for recovery if momentum continues.
At the same time, the token has rebounded 312% from its April 2025 low of $0.003715, suggesting a foundational base has been established.
If history repeats itself, as it did with PEPE, then Pudgy Penguins (PENGU) might soon find itself at the forefront of the next meme coin frenzy — this time with deeper institutional roots and a hybrid structure that sets it apart.
