The post Pudgy Penguins Token PENGU Makes 100% Gains Amid Meme Coin Mania appeared on BitcoinEthereumNews.com.

📈 PENGU’s Meteoric Rise Pudgy Penguins (PENGU), the utility-driven meme coin born from the beloved NFT collection, has surged over 100% in the past week, capturing the attention of crypto enthusiasts and investors alike.Currently trading at $0.0111, PENGU’s remarkable ascent is fueled by a confluence of market dynamics, community engagement, and broader crypto trends. After hitting a low of $0.0037 earlier this month, PENGU has rebounded impressively, marking a 143% increase in just over two weeks.This resurgence has propelled its market capitalization beyond $600 million, a significant milestone that underscores the token’s growing prominence in the meme coin sector. The surge is not isolated; it’s part of a broader bullish trend in the crypto market, with Bitcoin reclaiming the $94,000 mark, instilling renewed confidence among investors. 🔍 Factors Driving PENGU’s Surge 1. Breakout from Consolidation: PENGU recently broke out of a multi-week consolidation phase, characterized by sideways movement and low volatility.This breakout, accompanied by a 40% price surge, indicates a shift in market sentiment and renewed investor interest. By TradingView – PENGUPUDUSD_2025-04-27 (1M) 2. Soaring NFT Sales: The Pudgy Penguins NFT collection has experienced a 400% increase in sales over the past 24 hours, reaching $436,000.This spike in activity has elevated Pudgy Penguins to the fourth most popular NFT collection, reflecting heightened community engagement and interest. 3. Technical Indicators Signal Bullish Momentum: Technical analysis reveals that PENGU has closed above both the 20-day EMA and 50-day SMA for three consecutive days, a bullish sign indicating potential for continued upward movement.Additionally, momentum indicators such as the RSI and MACD are signaling strong buying pressure. 4. Potential ETF Approval: Speculation around the approval of a PENGU-focused ETF by Canary Capital has added to the bullish sentiment.Such an approval could provide institutional investors with exposure to PENGU, potentially driving further demand and price…

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Filed under: News - @ April 27, 2025 6:15 pm