The Pudgy Penguins-themed meme coin PENGU has skyrocketed by 123% in the past week, eclipsing popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). This remarkable surge positions PENGU as one of the top-performing assets in the current market cycle.
Performance Comparison
Here’s how PENGU stacks up against other meme coins:
| Cryptocurrency | Price | 24-Hour Trend | 7-Day Trend |
|---|---|---|---|
| PENGU | $0.01158 | +8.5% | +123% |
| DOGE | $0.175 | -3% | +8.5% |
| SHIB | $0.00001337 | -1.4% | +5.8% |
Trader Insights
- Fuel: A pseudonymous trader highlighted the breakout as "confirmed," suggesting a clear path toward a $1 billion valuation.
- BullishBanter: Noted PENGU’s "god candle" and anticipates consolidation below 1.8 cents before further upward movement.
- Don: Bullish on PENGU, targeting 2.5 cents as the next profit-taking level, with a long-term goal exceeding 4 cents.
👉 Why PENGU is the meme coin to watch
Market Data
- Open Interest: Surpassed $100 million, the highest since February.
- Trading Volume: Up 180% in the last 24 hours, hitting three-month highs.
Community Buzz
Pudgy Penguins co-founder Luca Netz recently retweeted a promotional post by Ledger, showcasing a limited-edition cold wallet featuring Pudgy Penguins branding. Netz also encouraged token holders to create memes and social media content around PENGU, offering incentives like $2 per 1,000 views for creators.
FAQs
What’s driving PENGU’s price surge?
The combination of strong community engagement, trader optimism, and rising open interest has fueled PENGU’s recent gains.
How does PENGU compare to Dogecoin?
While DOGE remains a market leader, PENGU’s 123% weekly gain dwarfs DOGE’s 8.5% growth, highlighting its explosive potential.
Where can I track PENGU’s performance?
Use reputable crypto tracking platforms like CoinMarketCap or Coingecko for real-time data.
👉 Explore more about meme coin trends
Disclaimer: Trading cryptocurrencies involves risk. Always conduct your own research before investing.