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Pudgy Penguins’ PENGU Rebounds as Accumulation Builds at $0.022 Support

On-chain tracking shows a 6.3x jump in smart-money inflows alongside rising top-holder balances.

Overview

  • PENGU climbed about 17% into the mid-$0.02s, with its 30-day range still reflecting roughly a 40% swing.
  • Analysts highlight $0.022–$0.023 as a key demand zone, with a reclaim of $0.025–$0.030 seen as a trigger toward $0.030–$0.045.
  • Nansen data show top holders increased balances by around 3.2% as supply on exchanges declined by approximately 8.78%.
  • CoinGlass reports open interest rebounding to roughly $160 million alongside 24-hour trading volume near $1.07 billion.
  • Liquidity maps indicate thinner downside liquidation clusters, though losing nearby supports could still drive short-term pullbacks.