$PENGU Trading Frenzy: $500M Volume in 24 Hours as Memecoin Breaks Bullish Pattern

Key Takeaways:

$PENGU’s 24-hour trading volume surpassed $528M, marking one of its most active days in 2025.
The memecoin broke out of a multi-week descending channel, fueling a price rally toward $0.041.
Google search interest for $PENGU has overtaken Shiba Inu, signaling rising mainstream attention.

Pudgy Penguins’ token $PENGU is stealing the spotlight in the memecoin sector, posting explosive trading activity and a sharp price rebound. In just one day, the asset recorded over $528 million in trades, a surge coinciding with a breakout from a bearish pattern that had capped gains since late July. Analysts say momentum indicators are now pointing higher, with short-term targets near the $0.041 mark.

$PENGU’s Price Surge and Technical Breakout

The $PENGU price climbed 3.9% in the past 24 hours, reaching $0.03798 at press time. This rally comes after the memecoin breached a descending channel pattern that had restrained price action for weeks.

Technical traders note that the breakout is supported by a spike in buy-side volume and improving relative strength index (RSI) readings. Historically, such moves often precede accelerated gains, particularly in volatile altcoins where momentum plays a critical role.

Market data shows $PENGU’s market cap at approximately $2.38 billion, with a fully diluted valuation of about $3 billion. The circulating supply stands at 62.86 billion PENGU, while the total supply is around 79.3 billion, capped at 88.88 billion.

Rising Retail Interest

Google Trends Overtakes Shiba Inu

Search trends reveal a notable shift in retail sentiment. Over the past 30 days, $PENGU’s global search volume has overtaken Shiba Inu, a significant milestone given SHIB’s much larger $7.2 billion market cap.

Such overwhelming interest implies that the PENGU is raising awareness even among non-principle crypto enthusiasts, who might become interested in retailing the token. During the past search peaks usually pre-anomalously appeared ahead of times of increased market activity and price volatility.

Its liquidity and appeal to both retail and speculative traders are further supported by the current 24-hour trading volumes of the memecoin that have surpassed the half a billion-dollar mark to almost $528.8 million of trading volume currently as of the time of writing this article

NFT Market Momentum Boost

July 2025 NFT Resurgence as Key Catalyst

The recovery of the NFT market is also among the primary factors that have spurred the revised traction enjoyed by $PENGU. In July 2025, the NFT market capitalization increased by 94% to $6.6 billion according to DappRadar.

Pudgy Penguins, the NFT collection tied to $PENGU, surged past Bored Ape Yacht Club to claim the #2 spot in NFT market cap rankings. The floor price of the project increased 7% week-on-week with trading volumes reaching $20 million in the last week

CEO Luca Netz has noted the brand so far aims to become “the next Mickey Mouse” of internet culture, taking advantage of viral meme structures, sharing of GIFs and short-form video slack on platforms such as YouTube Shorts

Strategic Partnerships and Upcoming Releases

It is also fueled by the buzz of Pudgy Penguins collaborating with Suplay Inc. and release of the Pudgy Party game. Such endeavors would involve combining NFT IP and interactive gaming that could open up new sources of revenue and community interaction possibilities.

According to market observers, should adoption metrics remain and the integration of games be an added stimulus of token utility, $PENGU can safely find a more substantial spot in the NFT and DeFi worlds.

Market Outlook

At the moment the bullish breakout of the $PENGU has put the asset on the focal point of traders. The technical patterns are supportive, and retail search interest has increased, and catalysts linked to NFTs are to the forefront, which makes the token have a strong momentum in its near future.

Nevertheless, volatility, as is the case with all memecoins, is always a threat. Any change of opinion or a wider situation across the crypto market has the potential to turn these profits back around in an instant.

Still, for a project that has climbed from NFT roots into the upper tier of memecoin contenders, $PENGU’s latest surge shows how fast attention and capital can move in the crypto market.

The post $PENGU Trading Frenzy: $500M Volume in 24 Hours as Memecoin Breaks Bullish Pattern appeared first on CryptoNinjas.

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