Pudgy Penguins climbs 26% as analyst draws PEPE comparison
The post Pudgy Penguins climbs 26% as analyst draws PEPE comparison appeared on BitcoinEthereumNews.com. Pudgy Penguins token, PENGU, has caught the market’s attention after a steep 26% daily jump brought its price to $0.0288. The move caps off a powerful seven-day rally, with the token up 91% over the past week and 195% over the past month. Pudgy Penguin’s (PENGU) market capitalization is now approaching $2 billion. The latest surge has prompted new comparisons to previous memecoin breakouts. Investor interest is rapidly growing. Trading volume over the last 24 hours has surged past $2.07 billion, a 226% rise that signals renewed conviction. Derivatives activity has also exploded, with volume reaching $5.27 billion and open interest climbing to $419.25 million, according to Coinglass data. These numbers point to an increase in speculative activity as traders place directional bets on ongoing price action. The current rally is being fueled by more than momentum. On June 14, analyst Ali Martinez posted a chart overlay showing PENGU tracking PEPE’s past performance closely. But he noted a key difference in that Pudgy Penguins has real-world revenue, with over $13 million in toy sales through retailers like Walmart and Target. When you look at the two charts, $PENGU is really just following what $PEPE did. But there’s one big difference: @pudgypenguins is a brand with real-world revenue. Over $13 million in toy sales from Walmart, Target, and more. Their IP model shares royalties with NFT holders, and… pic.twitter.com/Ra8L2MYo66 — Ali (@ali_charts) July 13, 2025 Its model shares IP royalties with NFT holders, and it continues to build a cross-platform gaming ecosystem. Martinez believes PENGU is early in its growth cycle, especially with a spot exchange-traded funds now in the mix. That ETF angle has been advancing. Canary Capital’s spot ETF application was acknowledged by the U.S. SEC on July 9. Up to 95% of the proposed fund would be allocated…
The post Pudgy Penguins climbs 26% as analyst draws PEPE comparison appeared on BitcoinEthereumNews.com.
Pudgy Penguins token, PENGU, has caught the market’s attention after a steep 26% daily jump brought its price to $0.0288. The move caps off a powerful seven-day rally, with the token up 91% over the past week and 195% over the past month. Pudgy Penguin’s (PENGU) market capitalization is now approaching $2 billion. The latest surge has prompted new comparisons to previous memecoin breakouts. Investor interest is rapidly growing. Trading volume over the last 24 hours has surged past $2.07 billion, a 226% rise that signals renewed conviction. Derivatives activity has also exploded, with volume reaching $5.27 billion and open interest climbing to $419.25 million, according to Coinglass data. These numbers point to an increase in speculative activity as traders place directional bets on ongoing price action. The current rally is being fueled by more than momentum. On June 14, analyst Ali Martinez posted a chart overlay showing PENGU tracking PEPE’s past performance closely. But he noted a key difference in that Pudgy Penguins has real-world revenue, with over $13 million in toy sales through retailers like Walmart and Target. When you look at the two charts, $PENGU is really just following what $PEPE did. But there’s one big difference: @pudgypenguins is a brand with real-world revenue. Over $13 million in toy sales from Walmart, Target, and more. Their IP model shares royalties with NFT holders, and… pic.twitter.com/Ra8L2MYo66 — Ali (@ali_charts) July 13, 2025 Its model shares IP royalties with NFT holders, and it continues to build a cross-platform gaming ecosystem. Martinez believes PENGU is early in its growth cycle, especially with a spot exchange-traded funds now in the mix. That ETF angle has been advancing. Canary Capital’s spot ETF application was acknowledged by the U.S. SEC on July 9. Up to 95% of the proposed fund would be allocated…
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