The post PENGU Launches on Hyperliquid After 100% Rally – What’s Next for the Pudgy Penguins Token? appeared on BitcoinEthereumNews.com.

PENGU Debuts on Hyperliquid Perpetuals PENGU, the recently launched meme token tied to the iconic Pudgy Penguins brand, is now live for trading on @HyperliquidX, a decentralized perpetuals exchange gaining traction among crypto traders. The token’s listing expands its reach into derivatives markets, marking a significant milestone in its early lifecycle. Powered by LayerZero for cross-chain interoperability, PENGU integrates seamlessly with the broader Web3 ecosystem. This technical backbone gives it an edge compared to typical meme tokens, adding real utility and ecosystem integration beyond hype. PENGU Price Surge: 100% Weekly Rally Over the past 7 days, $PENGU surged nearly +100%, showing strong momentum and community-driven support. Despite a slight correction over the last 24 hours, the overall trend remains bullish, with traders keeping a close eye on key support zones. According to the charts, the rally was supported by increased volume and speculative interest, largely driven by the Pudgy Penguins ecosystem, which has continued to build strong brand equity in both Web3 and mainstream retail. By TradingView – PENGUUSD_2025-07-15 (1M) Why PENGU Matters PENGU isn’t just another meme coin. It’s: Branded by Pudgy Penguins, one of the most recognized NFT collections with strong community backing Powered by LayerZero, ensuring it can operate cross-chain from day one Now listed on Hyperliquid, bringing institutional-grade derivatives trading access to retail holders Its success reflects the growing trend of NFTs evolving into broader ecosystems with native tokens, expanding their value beyond simple collectibles. Outlook: Can PENGU Sustain the Momentum? While early gains are impressive, the challenge for PENGU will be sustaining investor interest and expanding its use cases. The Hyperliquid listing could fuel continued speculation, especially if additional integrations or utility updates are announced. By TradingView – PENGUUSD_2025-07-15 (5D) Technical analysts now watch the support level around its recent breakout zone. A bounce from…

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Filed under: News - @ July 15, 2025 4:27 am