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yesterday

PENGU Hits Fresh All-Time High as Korean Traders Drive Volume Past Dogecoin

Derivatives open interest has surged by over 50%; weekly NFT sales topped $8.8 million; whale wallets grew by 1%; technical bull-flag patterns are now underpinning forecasts of up to 200% upside.

Korea pumps PENGU's price amid $66 mln insider exit: What now?
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Overview

  • Pudgy Penguins overtook Dogecoin in 24-hour trading volume on South Korea’s Upbit, reaching $96.7 million and signaling a shift in meme-coin market leadership.
  • The token rallied to a new peak near $0.044 as local retail and institutional desks poured into PENGU positions.
  • Open interest in PENGU derivatives jumped over 50% in just two days, reflecting rising speculative bets on continued gains.
  • Weekly sales of Pudgy Penguins NFTs climbed to $8.8 million while whale wallets increased by 1%, highlighting renewed community accumulation.
  • Classic bull-flag and Elliott Wave setups, combined with growing expectations for a meme-coin ETF, support analyst projections of 150%–200% upside.