Overview

• PENGU traded between $0.037 and $0.040 on August 11 as 24-hour volumes topped $500 million during a bullish breakout from a descending channel.
• Multiple analysts identify cup-and-handle and inverted head-and-shoulders patterns near the $0.042–$0.047 necklines with measured upside targets ranging from $0.05 to $0.08 +.
• On-chain data from Stalkchain shows smart-money wallets accumulated over $424 000 of PENGU in 24 hours, underlining institutional conviction.
• Recent Arkham Exchange listings for spot and perpetual products, along with Robinhood and Bitstamp access, have broadened PENGU liquidity and retail reach.
• Canary Capital’s PENGU ETF proposal is under formal U.S. SEC review, offering a potential institutional catalyst if approved.