Pengu worth is down virtually 80% from its highs close to $0.04 and almost broke to a brand new multi-month low after information that the SEC is concentrating on VC capital that invested in Pudgy Penguins.
In accordance with crypto journalist Kate Irwin, the SEC sued crypto enterprise agency Shima Capital and its founder, Yida Gao, three weeks in the past, alleging they carried out a scheme to defraud buyers.
Inner emails present that Gao informed founders of portfolio corporations that he plans to step down and start winding down the fund.
Gao mentioned in a 2023 interview with CoinTelegraph that his agency was "work[ing] every day to take care of SEC compliance."
In 2024, Fortune reported that "Gao funneled investments right into a secret offshore entity he wholly owned with out disclosing the association to buyers." pic.twitter.com/5gc9EC1EWE— Kate Irwin (@kateirwin) December 16, 2025
Based in 2021, Shima Capital manages about $200 million in belongings and has invested in initiatives together with Berachain, Monad, and Pudgy Penguins.
After the information, Pengu crashed 20% to beneath $0.0097 earlier than bouncing, however the rebound nonetheless seems unsure.
Pudgy Penguins Worth Prediction: Is a Restoration Potential this December?
A restoration for memecoins in December is sort of unattainable. Traditionally, it is among the worst months for memecoins.
Retail cash is the primary driver of memecoin costs, and quantity drops sharply in the course of the vacation season.
Pengu is down 66% over the previous 2.5 months and will proceed decrease. It wants to carry the $0.093 degree, which is a key assist, in any other case worth may slide additional.
To invalidate this view, Pengu worth would want to interrupt above $0.013 to substantiate a bullish rally. Memecoin curiosity is at its lowest degree in 5 years, and ready it out could possibly be the higher resolution. In case you are in search of one thing with precise utility as an alternative, try Bitcoin Hyper beneath.
Pudgy Penguins Different? Bitcoin Hyper ($HYPER) Might Save The Bear Market
Bitcoin may be safe, but it surely has all the time struggled with pace, charges, and actual on-chain utility. That’s precisely the hole Bitcoin Hyper ($HYPER) is attempting to fill.
Bitcoin Hyper is a brand new Bitcoin Layer 2 constructed utilizing Solana-style high-performance tech, designed to deliver quick transactions, ultra-low charges, and full DeFi performance to BTC holders. As an alternative of sitting idle, Bitcoin can lastly be used for staking, buying and selling, funds, meme cash, and NFTs with out sacrificing safety.
The system runs by the Hyper Bridge, which lets customers transfer BTC onto the Hyper L2 and obtain a 1:1 illustration immediately, with near-instant finality. No wrapping drama, no gradual confirmations.
That’s the reason Bitcoin Hyper has already raised almost $29.5M from early consumers who see it because the lacking hyperlink between Bitcoin’s safety and trendy crypto utility. The undertaking can be providing staking yields of round 39% APY in the course of the early section, which is pulling in consideration whereas the broader market remains to be shaky.
As memecoins wrestle and retail curiosity stays low, capital is quietly rotating towards initiatives with actual use circumstances. If Bitcoin ever wanted an improve for the following cycle, Bitcoin Hyper is positioning itself to be it.
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The submit Pudgy Penguins Worth Prediction: PENGU Worth Crashes 20% in a Week, Is a Restoration Potential this December? appeared first on Cryptonews.