Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

PENGU Token Surges Despite Broader Market Slump, PEPE-Style Rally Ahead?

13h ago
bullish:

0

bearish:

0

Share
img

Amid broader crypto market volatility, Solana-based meme coin Pudgy Penguins PENGU $0.0151 24h volatility: 5.4% Market cap: $954.56 M Vol. 24h: $755.97 M has recorded a 47% price increase in the past week, adding $300 million to its market capitalization.

At the time of writing, PENGU was trading at around $0.0143, down 2% in the past 24 hours. However, it continues to remain among the trending tokens on multiple exchanges due to strong weekly gains.

On-chain data indicates notable whale activity surrounding PENGU. Over the past week, wallets holding over $1 million worth of crypto assets have collectively acquired around 240 million PENGU tokens. This signals confidence among seasoned investors in the potential for further upside.

The surge in PENGU’s price aligns with a recent uptrend in the broader NFT market. Data from Artemis reveals that NFTs have been the best-performing crypto sector over the past week, with a 33.8% gain. CryptoSlam reports a 191% increase in Pudgy Penguins NFT trading volume within the last 24 hours.

Meanwhile, the Pudgy Penguins team is preparing to launch its mobile game, Pudgy Party. The initiative aims to appeal to mainstream gamers and expand the collection’s reach beyond NFTs into mobile entertainment.

Institutional interest is also adding momentum to PENGU’s rally. Last week, Cboe BZX filed a 19b-4 form with the SEC to list and trade shares of Canary Capital’s proposed PENGU ETF. This signals the meme coin’s growing legitimacy within the crypto investment landscape.

Analyst optimistic on pengu price trajectory

The surge has caught the attention of analysts, who are now speculating on whether PENGU could follow a similar explosive trajectory to Pepe PEPE $0.000010 24h volatility: 0.2% Market cap: $4.01 B Vol. 24h: $455.69 M .

Popular crypto analyst “degengambleh” noted the similarities between PENGU’s current price movements with the frog-themed memecoin’s February trajectory before its major rally.

The analyst set a bullish target of $0.1774, over 10 times the current price.

Meanwhile, Ali Martinez noted that a daily close above the $0.015–$0.017 resistance range could position PENGU for a strong breakout in the coming weeks.

Subbd: transforming content subscriptions with ai

As PENGU continues its sharp upward climb, another emerging player, Subbd, is quietly capturing interest within the content subscription sector. Subbd plans to revolutionize the $85 billion content industry by providing an AI-enhanced, tokenized platform designed for creators and their audiences.

Leveraging Web3 technology, Subbd equips creators with automation tools to streamline content distribution, while fans gain access to exclusive and interactive experiences.

Subbd token details and ongoing presale

Subbd’s ecosystem is powered by its Ethereum-based native token, SUBBD, which facilitates premium content access, staking rewards, and AI-driven features on the platform.

By staking SUBBD tokens, holders can unlock exclusive perks such as private livestreams, behind-the-scenes updates, and special content drops.

The project has already secured $465,670 in its ongoing crypto presale, with only a few hours left before the next price increase takes effect.

Presale Snapshot:

  • Current price: $0.0554
  • Amount raised: $465,670
  • Ticker: SUBBD
  • Blockchain: Ethereum

With the price set to rise soon, Subbd is a promising project to monitor for those looking to explore AI-powered innovation within the digital subscription space.

The post PENGU Token Surges Despite Broader Market Slump, PEPE-Style Rally Ahead? appeared first on Coinspeaker.

13h ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.