Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Michael Adeleke
3 hours ago
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
PENGU tops Solana’s meme coin purchases as experts forecast explosive gains

Highlights

  • Multiple crypto experts predict a major price rally for Pudgy Penguins’ native token, PENGU.
  • On-chain data from Stalkchain shows PENGU as the most-bought meme coin on Solana by smart money investors.
  • A former Bitcoin whale reportedly invested $100 million into PENGU.

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This comes as data showed that the token is the most bought meme coin on the Solana blockchain.

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Experts Predict Big Gains for Pudgy Penguins

A number of experts have projected new heights for the meme coin in light of renewed momentum. Crypto expert Vespamatic highlighted a near-identical fractal that preceded two major PENGU rallies earlier this year. “We’re in accumulation,” he wrote, adding that past fractals imply another pump is likely.

Source:X

Prominent expert Ali Martinez also shared that the meme coin’s move is a textbook fractal replay. His call suggests that the meme coin would repeat the prior price geometry.

Others, including MuroCrypto, argue that the coin remains strong on higher time frames and could soon reclaim its all-time high. Analyst Exy echoed the sentiment, noting that PENGU is mirroring its May structure and could deliver significant upside in the coming months.

CoinGape previously reported that an analyst compared PENGU’s trajectory to PEPE’s historic breakout. He projected that if the meme coin follows a similar path, it could rally as high as $0.24

However, experts have maintained that meme tokens can be very volatile. They also shared that the market sentiment at the time would determine whether the projections could hit their targets or end up as short-lived spikes.

Recent developments in its ecosystem highlight its bullish sentiment. For instance, PENGU was recently listed on Robinhood alongside BONK, PNUT, and XLM. 

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PENGU Tops Solana’s Meme Coin Purchases

On-chain trackers show PENGU leading meme-coin buys on Solana. Stalkchain reported it as the most-bought memecoin by “smart money” in the last 24 hours. 

Source: Stalkchain

Stalkchain’s market snapshot also noted a temporary slowdown in overall memecoin volume. This suggests that isolated, concentrated buying of the token is carrying outsized influence.

Whale movements have also drawn attention. One early Bitcoin investor who sold 10,000 BTC for $1.1 billion reportedly allocated $100 million into the meme coin immediately after.

Beyond trading, the Pudgy Penguins brand is making tangible progress in Web3 gaming and NFTs. The project’s mobile title, Pudgy Party, surpassed 750,000 downloads within weeks of release on iOS and Android. This ranks among the fastest-growing blockchain games. 

Meanwhile, Nasdaq-listed BTCS Inc. has diversified its reserves by purchasing three Pudgy Penguins NFTs. This move demonstrates the company’s confidence in the brand’s long-term value. 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.