PENGU Token Rises 43% in a Single Day: Penguin Craze Sweeps the Crypto Market
On April 23, 2025, the cryptocurrency market was surging, with Bitcoin breaking through the $94,000 mark. Meanwhile, a ‘chubby penguin’ unexpectedly stole the spotlight - PENGU token ($PENGU) soared by 42.99% within 24 hours, reaching a price of $0.007154, with a trading volume exceeding $109 million. As the star token in the Pudgy Penguins eco, PENGU has ignited investors’ enthusiasm with its adorable image, passionate community, and market trends. Why did this penguin suddenly take off? Can it continue to sprint in the 2025 crypto race? Let’s find out.
The Rise of PENGU: From NFT to Meme Coin Star
The PENGU Token is the lifeblood of the Pudgy Penguins eco, landing on the Solana blockchain on December 17, 2024, with a total supply of 888.8 billion coins and a meme temperament. The story of Pudgy Penguins began in 2021, when 8,888 adorable penguin NFTs swept through Ethereum, quickly becoming a favorite among collectors. In 2022, entrepreneur Luca Netz took over for $2.5 million, and these penguins were no longer just digital artworks, but also appeared on toy shelves at Walmart and Target, became emojis on TikTok, and even transformed into symbols of Web3 brands.
The PENGU token allows holders to vote to govern the community, unlock NFT-exclusive activities, and carry the meme energy of Pudgy Penguins with over 50 billion social media views. From its listing day surge to $0.05738, to a low of $0.003715, PENGU’s roller-coaster market is exhilarating. Now, with a market value of $432 million, it sits steadily at 117th place on CoinMarketCap, and the big pump on April 23 has refocused the market on this ‘chubby penguin’.
The driving force behind the big pump
1. The wave of Bitcoin fever
On April 23, Bitcoin broke through $94,000, rising 6.37% in a single day, and the total market value of the crypto market returned to $3 trillion. Traders on X are extremely excited, saying ‘the bull market is back.’ PENGU, as a meme coin in the Solana eco, quickly took off with this trend. Its price elasticity is extremely high, often far exceeding the overall market when market sentiment is high, and the 42.99% surge is a reflection of this effect.
2. The fanatical engine of the community
Pudgy Penguins’ community can be regarded as the “traffic password” of the encryption circle. In January of this year, penguin emojis and GIFs garnered 1.1 billion views in five days, comparable to a social media storm. On April 22nd, the official announcement on X stated that the Web3 game beta version is about to be launched, promising an exclusive experience for PENGU holders. This news was like igniting a rocket, with trading volume surging by 38.7% in a day to $109 million, approaching the $0.0082343 resistance level.
3. The enticing prospect of ETF
The shadow of institutional funds has also added fuel to PENGU. Canary Capital recently updated its ETF application with the SEC, including Pudgy Penguins NFT and PENGU tokens. The progress on April 20th has allowed investors to smell an opportunity. PENGU is already listed on the Robinhood exchange, with stronger liquidity. Analysts on X predict that if the ETF is approved, institutional funds may push the price up to $0.01 or even higher.
4. Sparks in technical analysis
PENGU’s Price trend Also gave traders a shot in the arm. It broke through the support level of $0.0053003, escaped the downtrend channel, and the MACD line turned bullish. The technical analysis post on X pointed out that the RSI is around 55, not overheated yet. If it breaks through $0.0082343, the next target could be $0.01. The synchronous rise in trading volume and price indicates that the bulls are firmly in control.
Penguin’s hidden worries: the undercurrent behind the carnival
The big pump of PENGU is exciting, but risks are always present. First, the nature of meme coins is highly volatile. PENGU once plummeted over 50% in the week after its listing, and is currently down 88.03% from its historical high of $0.05738. Investors on X platform lament the painful lesson of buying at the peak, warning that a short-term pullback could strike at any time.
More worrying is the sluggishness of the Pudgy Penguins NFT market. In the past week, NFT sales have fallen by 52%, and the floor price has dropped from 33 ETH to 16 ETH. NFT is the foundation of the PENGU eco. If the collecting craze cools down, token confidence may be dented. In addition, PENGU’s rapid rise has attracted unscrupulous individuals. Previously, fake Google ads for Pudgy Penguins have deceived some investors, and warnings of “beware of fraud” have frequently appeared on X.
The long-term value of PENGU remains to be tested. Currently, it is mainly used for governance and community rewards, and new use cases such as Web3 games have not yet been implemented. If the eco does not expand as expected, PENGU may become a purely speculative asset, and the price may be difficult to stabilize.
Epilogue: The penguin’s adventure is just beginning
On April 23, PENGU token, with a 43% rise, transformed into the “Rocket Penguin” of the Solana eco, igniting market enthusiasm amidst the Bitcoin bull market, community frenzy, and ETF anticipation. The meme magic and brand charm of Pudgy Penguins set it apart, but severe volatility, NFT downturns, and use case bottlenecks remind us that this penguin’s journey is not smooth. By 2025, PENGU may reach new highs with game launches and institutional support, but investors need to stay vigilant and find the right rhythm amid the celebration.
PENGU is not just a token, but also the embodiment of community and dreams. Want to get a piece of the action in this penguin adventure? Keep up with the market pulse and take every step carefully.
Disclaimer: This article is for market analysis only and does not constitute investment advice. Cryptocurrency markets are highly volatile, so investment should be cautious.
