PENGU Price Prediction for April 4: Can $0.43 Hold After Whale-Fueled Rally?

• Whale investment drives Pengu Token’s 700% monthly surge and 18% price spike.  
• PENGU faces volatility despite slight gains; trading volume drops 40%.  
• Technical signals remain bearish; RSI and MACD suggest weak momentum.

Pengu Token continues to show strong momentum, registering major gains across the Solana network. A recent multi-million dollar acquisition by a high-profile investor and a new exchange listing has altered the token’s trajectory. The changes come as the broader meme coin market faces mixed signals, highlighting Pengu’s unusual momentum in an otherwise volatile sector.

Whale Purchase Fuels Price Rally

One of the largest market moves came from a whale who invested $2.79 million to acquire 79.9 million Pengu tokens. This transaction triggered an 18% increase in the token’s price, reaching $0.43. Weekly gains hit 27%, while monthly growth soared by over 700%. In recent performance metrics, the surge positions Pengu ahead of other Solana-based meme tokens, such as BONK and WIF.

This increase was achieved with the Pengu Token’s new listing on the Bithumb exchange in South Korea, which increased its circulation significantly. Currently, Pengu has a market capitalization of $2.5 billion and is one of the leaders of the MEME coin category.

Mixed Trading Conditions for Pudgy Penguins (PENGU)

While Pengu Token gains attention for its bullish trend, Pudgy Penguins (PENGU) has shown more restrained movement. PENGU was trading at $0.004814 at the time of writing, representing a 0.23% rise in 24 hours. However, the period was marked by heightened volatility, with price fluctuations in both directions.

The token’s market capitalization was approximately $302.64 million, and its fully diluted valuation reached $427.96 million. Meanwhile, 24-hour trading volume fell 40.44% to $32.64 million. The volume-to-market cap ratio stood at 10.73%, reflecting moderate activity.

PENGU has a circulating supply of 62.86 billion out of a total supply of 88.88 billion tokens. The token’s price chart showed a drop earlier in the day, followed by partial recovery toward midday on April 4.

Derivatives Market Shows Decline Despite Bullish Sentiment

In the derivatives portion, PENGU experienced a drop in activity. Trading volume fell 47.71% to $54.21 million, while open interest declined 2.80% to $28.38 million. Despite the decline, long/short ratios suggest that traders remain long.

The general 24-hour long/short ratio for PENGU stood at 1.1231. On Binance, the ratio by accounts was 1.0255, while OKX showed a neutral 0.94. Top traders on Binance held a more aggressive long bias, with a ratio of 1.7232.

However, liquidation data showed $126.10K in total liquidations, with $100.84K attributed to long positions. This dominance of long liquidations indicates elevated risk from overleveraged long trades during price swings.

Technical Indicators Signal Weak Momentum

In reference to current technical aspects, PENGU levels of bullish pressure seem to be limited. The technical analysis also reveals that the Relative Strength Index (RSI) is at 33.14, which can be considered the borderline of oversold, yet we observe selling pressure. The MACD indicator has a bearish crossover, with the MACD line standing at -0.000716 and the signal line at -0.000638.

PENGU has been showing constant downward movement since it touched its peak in January 2025. The global market after January 2025 has lacked enough signs to suggest a possible price shift.