Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation
The post Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation appeared first on Coinpedia Fintech News
Pudgy Penguins ($PENGU) Price has shown a strong rebound over the past 24 hours, climbing more than 26% after hitting a low of $0.00956. The collection, based on 8,888 unique NFTs on Ethereum, currently has a market cap of $645 million and a 24-hour trading volume of $123 million.
The surge appears linked to strategic developments and investor activity. A whale purchased 2.9 times their average trading volume at the end of November, accumulating $273,000 worth of tokens, while new addresses contributed $1.3 million in smart money inflows.
Additionally, the Latin American exchange Bitso announced plans to launch a perpetuals aggregator in early 2026, with $PENGU as a core asset, tapping into a $1.37 trillion regional remittance market.
$PENGU recently announced a collaboration with the NHL for the 2026 Discover NHL Winter Classic, kicking off this week at Art Week Miami, with giveaways and fan activations that could attract mainstream attention.
Pudgy Penguins Price Prediction ( Short-Term)
Several technical and structural factors support this momentum. The price reclaimed multiple daily resistance levels, including $0.01186, now acting as intraday support.
Large outflows in 2025, totaling up to $9.4 million or 1 billion PENGU withdrawn in just three days, indicate reduced sell-side liquidity and strong long-term holder conviction. Overall, spot accumulation and structural reclaim suggest early signs of a reversal.
$PENGU shows both opportunities and risks. The $0.012 area serves as a critical support level, and a break below it could trigger a 15–20% decline. Resistance levels near $0.011–$0.0135 could limit further gains if the token faces rejection.
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$PENGU Price Major Key Levels
On the 4-hour chart, the MACD shows growing buying pressure, suggesting short-term upward momentum. However, the token remains highly volatile, with daily swings of up to 33%, meaning that rebounds are often followed by corrections.
$PENGU has reclaimed key moving averages, including the 10-EMA and 20-SMA, signaling early trend reversal. The RSI jumped from 26 to 45, showing strong absorption, while the MACD histogram turned positive and surged, indicating that short-term momentum is bullish.
On the derivatives side, funding is slightly positive, the long/short ratio is 1.23 (down from 1.64), and open interest remains flat, confirming that the rally is spot-led rather than leveraged speculation.
FAQs
Pudgy Penguins ($PENGU) is a cryptocurrency linked to a popular NFT collection of 8,888 unique digital penguins on Ethereum, blending collectible culture with token utility.
The price surge is driven by strategic whale buying, major exchange support like Bitso, and a high-profile NHL partnership, boosting investor confidence and market momentum.
It carries high risk and volatility. While partnerships and reduced sell pressure show promise, monitor the $0.012 support level and be prepared for significant price swings.
You can purchase $PENGU on supported cryptocurrency exchanges. Always use reputable platforms, secure a digital wallet, and research thoroughly before investing.
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