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

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.

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.

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. 

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. 

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.