In the last 24 hours, PENGU’s price shot up by 34%, pushing it close to its May highs.
Now, here’s where it gets juicy. The big fish, the whales, those investors swimming with over a million dollars in tokens, are snapping up PENGU like there’s no tomorrow.
Hoarding
Over 200 million tokens, worth more than $2.4 million, changed hands just yesterday, and you can almost hear the boardroom whispers, this is the one to watch.
When the whales start piling in, the smaller fish tend to follow, and that’s exactly what’s happening here. It’s like when the boss starts betting on a project, and suddenly the whole team rallies behind it.
The technical signals? Oh, they’re flashing green. The RSI is comfortably in bullish territory, the highest it’s been in weeks.
This is a clear sign that the momentum is real, and the bulls are running the show.
It’s like when your favorite sports team suddenly finds its rhythm and starts winning game after game.
Board meeting about the PENGU ETF?
But the big news that’s got everyone buzzing, is something else. The Chicago Board Options Exchange has moved to list the first-ever PENGU ETF. Yeah, you heard that right.
An ETF dedicated to Pudgy Penguins, filed with the SEC, no less. This is a potential rocket fuel for PENGU’s price.
Imagine your quirky office meme suddenly becoming the company’s official mascot, everyone’s gotta pay attention then.
What does the PENGU chart says?
Price-wise, PENGU is flirting with $0.014, a level that used to be support but now stands as resistance.
If it can break through $0.01350 with solid volume, the path to $0.014 looks wide open.
But if it stumbles and falls below $0.01335, we might see a slide back to $0.0129, and that’s where the bears could take control again.
It’s a classic tug-of-war, like when your team’s on the edge of victory but the other side mounts a last-minute comeback.
So, it looks like Pudgy Penguins isn’t just waddling around aimlessly anymore. With whales accumulating, bullish technicals, and an ETF on the horizon, PENGU is gearing up for a serious breakout.
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