114 % in a single month? what’s driving THE meteoric rise of $PENGU ?
@pudgypenguins official token is exploding in popularity, and here’s what you need to know
🧵
2/
bullish signals:
– price up 114 % in 30 days and 246 % in 60 days
– over 568k SOL wallets now hold $PENGU, adding 3k new holders in just 3 days
– over 200k @AbstractChain wallets now hold $PENGU as well
– whale inflows of $3.76m show big players are in
– listed on @binance, @MEXC_Official and more, with a market cap near $2.1b
3/
bearish / cautionary:
- team wallets sent 206.9 m $pengu ($8.9 M) to exchanges in one day, and over 2b tokens ($66.6m) in a month, which could pose potential sell pressure
– scam alert: attackers are sending dust $pengu tokens with fake vanity addresses; clicking them can drain your
– short‑term price is still volatile, with –6 % daily, –13 % weekly moves
4/
current support around $0.035; next bullish target is $0.051 (36 % upside). if support breaks, bears could push $PENGU down to $0.027. the fully diluted supply is 88.8b, so watch dilution risk
5/
CEO @LucaNetz, also leading @AbstractChain, is driving pudgy penguins to become the ‘next mickey mouse’ of web3.
with a focus on brand growth beyond nfts, luca is pushing for a broader consumer adoption through strategic investments, community engagement, and physical product lines. he's building an iconic brand in both the digital and physical worlds.
6/
pengu shows how a strong brand and community can drive a meme coin into the mainstream. momentum and on‑chain growth are bullish, but be wary of team‑wallet selling, scams and volatility. always dyor
if you found this thread helpful, like & rt
get amongst it!
43.01K
12
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.