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Pudgy Penguins Approaches Breakout After Record $528 Million Trading Day

Pending CBOE-backed ETF now under SEC review underscores growing institutional confidence in PENGU’s strength.

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Overview

  • PENGU’s 24-hour trading volume topped $528 million on August 10, marking one of its most active days of 2025.
  • Technical patterns including a cup-and-handle formation and a descending-channel breakout signal a potential rally past the $0.042–$0.048 resistance zone.
  • The token is trading around $0.038 and has sustained a higher-low uptrend while defending support near $0.030.
  • Pudgy Penguins has filed for a CBOE-backed ETF now under SEC review, a move that could broaden institutional access to the memecoin.
  • Global search interest for PENGU has overtaken Shiba Inu, and smart-money addresses added over $424,000 of tokens in 24 hours.