Key Takeaways:
- PENGU surged over 300% in June, pushing its market cap to $1.8 billion and getting into the highest 10 meme cash.
- Robust group backing and NFT roots are fueling its rise, with assist from main platforms like Revolut and Binance US.
- An ETF software by Canary provides bullish momentum, however analysts warn that hype-driven rallies can result in sharp corrections.
Pudgy Penguins (PENGU) surged by over 300% by the top of June, turning into one of the crucial talked-about meme cash in latest weeks.
All through most of June, PENGU traded in a good vary round $0.001. It then jumped to $0.014 in only a few days, adopted by a brief consolidation close to $0.015. The token later climbed to over $0.020 and crossed the $0.030 mark on July 13.
Can PENGU Hit $1 This Summer time?
Following the rally, PENGU climbed to the sixth spot amongst meme cash by market cap, reaching $1.8 billion as of July 14. It surpassed each SPX900 (SPX) and Fartcoin (FARTCOIN).
If PENGU reaches $2 billion, it may overtake Bonk (BONK) — presently the biggest meme coin on Solana (SOL). That might additionally make Pudgy Penguins the primary prime meme coin instantly tied to an NFT assortment.
As some within the crypto group have identified, for Pudgy Penguins to succeed in a $1 value, its market cap would wish to exceed $60 billion. With the present valuation at $1.8 billion, that’s nonetheless a good distance off. Although some imagine it’s not fully out of attain.
y'all realise $pengu would wish a market cap of $62 billion to succeed in $1
doable— nathanhead.solana (@NathanHeadPhoto) July 14, 2025
Preliminary analyst targets included $0.026, adopted by a correction to the $0.020 zone earlier than a recent leg up. As a substitute, the worth broke via $0.030 with out hesitation. Now, all eyes are on the $0.040 resistance.
$PENGU is turning into a legend.
Led by @LucaNetz, Pudgy Penguins is not only an NFT undertaking – it's now moving into the center of conventional finance. The bridge to Wall Avenue is rewriting the way forward for digital gathering.
The value broke key resistance and reached $0.043.… pic.twitter.com/cC6gzixlu4— Klea
(@kleaweb3) July 14, 2025
A lot relies on whether or not the token can maintain above $0.025–$0.030. If patrons defend this stage, some analysts see potential for a $5 billion market cap.
Cheek Evaluation: $PENGU @pudgypenguins (Replace)
In my final evaluation, I discussed that if we maintain the purple cloud, we’ll most certainly speed up towards the orange cloud, and right now, we examined the orange cloud as resistance.
Now the situation is easy:
– If we fail to interrupt the… https://t.co/nxCsEhftwk pic.twitter.com/3vWqRXse5r— Cheek Analytics
(@CheekAnalytics) July 13, 2025
What’s Fueling the Bullish Momentum?
One key issue driving PENGU’s value is its chart construction. After a robust launch in December 2024, the token entered an accumulation part between February and April. It examined the $0.015 stage in Might earlier than pulling again barely.
In fact, technical indicators alone aren’t sufficient. With out continued improvement from the group, the coin may’ve simply stored falling. However as a substitute, on the finish of June, Pudgy Penguins turned accessible for buying and selling within the Revolut app — one of many largest fintech platforms in Europe.
$PENGU is now reside and tradable on @RevolutApp, the #1 finance app in all of Europe. pic.twitter.com/1gHP184AoF
— Pudgy Penguins (@pudgypenguins) June 27, 2025
Equally essential is group energy. Meme cash thrive on engagement, and PENGU has a lot. Its NFT origins gave it a loyal base, seen on X (previously Twitter) via penguin avatars utilized by quite a few influencers.
Should you imagine $PENGU will hit $1, interact with this tweet.
Let’s see how many people are really bullish! pic.twitter.com/FybskphGqD— broski
(@broskisol) July 13, 2025
The penguin hype has gone viral. Different main crypto initiatives like Coinbase, Polkadot, and Raydium have embraced the penguin theme in their very own posts.
The undisputed mascot of Crypto. pic.twitter.com/rBmn92z5mf
— Moose (@JoeyMooose) July 13, 2025
Even Binance US joined the enjoyable, including to the cultural momentum round PENGU.
yellow ice, yellow all the pieces! pic.twitter.com/P01ZyQl74n
— Binance.US
(@BinanceUS) July 13, 2025
ETF Hype Provides Gas, however Dangers Stay
One of many predominant catalysts behind PENGU’s latest value surge was the announcement of a spot ETF software filed by asset administration agency Canary. The proposal was formally acknowledged by the U.S. Securities and Trade Fee (SEC) and is now below assessment. Whereas this doesn’t assure approval, the transfer considerably boosted sentiment across the token.
The information additionally positioned PENGU as extra than simply one other meme coin — it hinted at potential institutional recognition. Nonetheless, this sort of momentum usually comes with dangers. Some merchants warn that the present rally might be pushed extra by hypothesis than fundamentals, particularly given how meme cash are inclined to react strongly to headlines.
There’s additionally the danger of a “sell-the-news” dip if ETF-related expectations don’t materialize rapidly. Nonetheless, many analysts see long-term progress potential for Pudgy Penguins, particularly if the undertaking continues to innovate and increase past its NFT roots.
The put up PENGU Breaks the Ice — Will It Be the High Meme Coin of Summer time 2025? appeared first on Cryptonews.