Pudgy Penguins Price Analysis – PENGU Could Rebound to $0.039 as Support Holds

Highlights:

• PENGU is trading at critical hourly support at $0.0334
• A strong bounce off this support could push PENGU to $0.039 
• Rising whale demand for PENGU could trigger a rally to $0.039, and higher

Pudgy Penguins (PENGU) is following the trend across the cryptocurrency market today. At press time, PENGU was down by 9% trading at $0.034. However, this is a minor dip for PENGU, which has been up by over 130% in the last 30 days. Besides, despite the intraday correction, PENGU holders are not keen on selling, as evident in PENGU’s intraday trading volumes.

PENGU trading volumes have dropped by 7.78% to $1.11 billion intraday. This indicates that even as the broader market enters a correction, PENGU holders are unshaken and are not offloading their tokens. It is a strong indicator of investors’ underlying confidence in PENGU. Multiple factors support the bullish sentiment around PENGU at the moment.

PENGU Gaining Attention from Institutional Money

One of them is the fact that PENGU is starting to attract the attention of institutional investors. This is already evident in the fact that a PENGU ETF has already been filed. While it is yet to be approved, the move indicates that PENGU is on the radar of institutional investors. This is a big deal for PENGU in two ways.

The first is that retail money is likely to keep the FOMO around PENGU going in anticipation of the ETF. The second is that institutional money looking for exposure to meme coins could also start gravitating more towards PENGU. Both of these could trigger a major rebound for PENGU despite the intraday price correction.

Wall Street’s Feeling the Freeze 🧊$PENGU is rewriting the playbook soaring 141% in just 10 days with a staggering $2.7B in trading volume, as it becomes the first-ever memecoin-NFT combo ETF to hit the SEC’s review desk.

Born from the cuddly charm of Pudgy Penguins NFTs,… pic.twitter.com/hIZhX9kGZj

— Victornomics (@victornomics01) August 1, 2025

Whales Scooping Up Millions of PENGU Tokens

Already, whales are increasingly showing an interest in PENGU, a factor that could play a big role in its price action going forward. For context, whales recently bought 200 million PENGU and took them off exchanges. This triggered an uptick in the price by over 30%. With hype around PENGU ETFs still strong, the odds of similar whale activity happening going into the future are high. This puts PENGU in a good position for parabolic price moves once bulls retake the market.

This whale 🐳bought around 500K worth $PENGU tokens over last 2 hours 🟢🟢

DYOR Not financial Advice

Follow @DataC58218 for more on chain updates 🙂🙂 pic.twitter.com/l8xqwOK752

— Crypto Analyst (@DataC58218) July 31, 2025

Still on whale activity, PENGU seems to be navigating FUD pretty well. Recently, there was FUD related to insider selling. A wallet linked to the PENGU team is said to have moved 150 million PENGU to Binance. Further data indicated that between July 11 and 19, the wallet had moved a total of 1.586 billion tokens worth $45 million. Many meme coins have faced massive selloffs after such insider moves. For PENGU, the token has held its value pretty well.

JUST IN: $PENGU deployer moved $2.94M to a CEX via intermediary 1 hr ago. Since July 12, they’ve sent 1.81B tokens ($54.61M) to exchanges. Feels familiar. pic.twitter.com/BjhUqqdCGN

— Off the Record (@OffRecNow) July 27, 2025

PENGU Holding Strong Despite Insider Sale – Long-Term Bullish Signal

Such strength amidst supposed insider selling points to two things, both of which are bullish. The first is that demand for PENGU is so strong that the market can comfortably absorb such a large token amount without negatively impacting the price. The second one is that PENGU holders have faith in the project. As such, even if an insider chooses to sell their tokens, the other holders have no reason to panic and dump their tokens as well. This confidence could drive FOMO once bulls regain control across the market. 

Technical Analysis – PENGU Trading at Intra-Day Support

After a correction for most of the last 48 hours, PENGU appears to have found support at $0.0334. If bulls take control at this price level, PENGU could rally to around $0.039 in the short term.

However, if bears take control and push the price through the $0.034 support, then prices as low as $0.030 could be hit in the short term. With the broader market appearing to be stabilising, PENGU has higher odds of a rally to $0.039 in the short term.