Pudgy Party Hits 750K Downloads- Expert Predicts 400% “Bull Rally” for PENGU Coin

Pudgy Penguins’ newly launched Pudgy Party game has surpassed 750,000 downloads within weeks of release. A well-known cryptocurrency analyst has predicted a 400% bull rally for PENGU as a result of this.

Pudgy Party Breaks Records in Web3 Gaming

Pudgy Party’s mobile game, developed by Mythical Games in partnership with Pudgy Penguins, has surpassed 750,000 downloads across Apple and Google stores. This makes it one of the fastest-growing Web3 titles to date.

This comes after its initial launch on August 29, when it became one of the select few Web3 projects to enter the mainstream entertainment successfully.

Notably, Pudgy Party had cleared 250,000 downloads by September 2, then hit nearly 500,000 by September 10. Mythical’s FIFA Rivals required six weeks to reach one million users, as Pudgy Party looks to break the record.

Community members on X have echoed excitement, with one user posting: “Wow, 1m inbound no doubt. It’s a really fun game.” 

Ahead of the launch, Pudgy Penguins also rolled out an “Early to the Party” Soulbound Token (SBT). This gave players who pre-downloaded the game a non-transferable digital badge as proof of participation.

Meanwhile, Pudgy Penguins continues to extend its brand reach. A recent collaboration with Sharps Technology aims to integrate Pudgy Penguins’ intellectual property with Sharps’ Solana treasury operations. Exposure to institutional and retail investors may increase as a result.

When taken as a whole, these changes show how PENGU is moving beyond its reputation as a meme coin and becoming ingrained in discussions about gaming, collectibles, and mainstream finance.

Expert Projects Bull Rally for PENGU

In a recent post, Ali Martinez identified a textbook “cup and handle” breakout on PENGU’s chart. He then set a price target of $0.22, a potential 400% gain from current levels. 

He cited multiple catalysts behind the bullish outlook, ranging from ETF filings now under review to surging toy sales and the success of Pudgy Party on mobile app stores.

However, the PENGU ETF approval odds have been unfavorable. Myriad Markets data projects a 92% chance the ETF will be rejected. 

The Chicago Board Options Exchange (CBOE) filed its 19b-4 form for the Canary PENGU ETF in late June. The fund would give institutional investors direct exposure to the meme coin if it were approved.

Although optimism about the token’s upward trajectory has remained. Traders are increasingly betting on the token hitting $0.05 instead of retreating to $0.02. According to Myriad, the probability of this happening is now at 64%.

Adding to its bullish sentiment, in its latest earnings report, Bullish highlighted Pudgy Penguins’ Walmart toy sales and the mobile game launch. They called the brand the “mascot of crypto.” 

The report also noted that Pudgy Penguins’ profile pictures have been adopted by major firms such as Coinbase, VanEck, Bitwise, and even influential figures like Tom Lee and Mike Novogratz.