🚀 PENGU Skyrockets 31% Following Justin Sun’s Cryptic Tweet – What’s Brewing?

Justin Sun drops a veiled message—and PENGU goes parabolic. The meme coin ripped 31% in hours, proving once again that crypto moves faster than a hedge fund manager dodging accountability.

The Sun Effect: Hype or Harbinger?

When Tron’s founder tweets, markets listen. This time, traders scrambled to decode his latest breadcrumb—was it a partnership tease? A veiled endorsement? Or just another pump-and-dump wrapped in emoji hieroglyphics?

Meme Coin Mechanics: No Fundamentals, All FOMO

PENGU’s surge mirrors crypto’s oldest playbook: celebrity whispers trump white papers. Liquidity pools churned as speculators chased the green candles—because nothing says 'sound investment' like a penguin-themed asset mooning on vibes alone.

The Aftermath: Gravity or Green Dildos?

Watch the order books. These pumps rarely stick—but in a bull market, even the dumbest money looks genius for 15 minutes. Pro tip: maybe don’t mortgage your house for a token named after aquatic birds.

In Brief

• PENGU price jumps 31% following a viral drawing posted by Justin Sun on X.
• Analysts identify strong fundamentals and forecast a price target of $0.060 for August.
• The US SEC recently acknowledged the filing of a PENGU Spot ETF, catalyzing a 23% increase.

Justin Sun rallies the penguins and gives wings to PENGU crypto

On July 14, Justin SUN posted on X (formerly Twitter) a rather intriguing illustration: a penguin styled after him, wearing a TRON-printed t-shirt.

The message accompanying this post, “OK. Everyone has become a penguin“, seemed harmless at first glance. Yet, it triggered a real viral wave in the crypto world.

The Pudgy Penguins community quickly responded enthusiastically. The official account quoted Sun’s post with these words: “Everyone will Huddle“. This interaction triggered a buying frenzy that propelled PENGU by 31% in a few hours.

But this rise is no accident. A few days earlier, on-chain analyst Ali had already anticipated this bullish momentum.

In a noted post, he wrote:

When you compare what $PEPE accomplished to where $PENGU stands today, it feels like a once-in-a-lifetime entry.

A way of emphasizing the solid fundamentals of the memecoin, which now seems to be charting its own path.

Adding to the community’s excitement is a major regulatory breakthrough: the SEC has officially acknowledged the filing of a PENGU Spot ETF by Canary Capital.

This announcement, made shortly before Sun’s tweet, had already caused a token price surge. It now reinforces the prospect of broader institutional adoption, opening the door to a new maturity phase for PENGU.

Pudgy Penguins aims for its historic high

The PENGU/USDT chart reveals a robust technical setup suggesting bullish potential far from exhausted.

Currently, the token is trading in a recovery MOVE supported by a key support zone defined by the convergence of the 50, 100, and 200-day simple moving averages (SMAs)—all located between $0.011 and $0.013. This technical base acts as a springboard for buyers.

Moreover, the RSI index confirms this positive momentum, with a series of ascending highs and lows, signaling renewed investor confidence.

If buying pressure strengthens, PENGU could reach the 50% Fibonacci retracement level at $0.036. Breaking through this intermediate resistance WOULD then open the path to the critical 61.8% threshold at $0.044.

A clear close above this level on the daily scale could mark a turning point: a return to the all-time high of $0.07, representing a potential 130% increase from current levels.

On-chain analyst Ali even anticipates a target of $0.060 as early as August—provided, however, that the PENGU Spot ETF receives official SEC approval.

Conversely, a wave of profit-taking could interrupt this ascent. Indeed, a break below the 23.6% Fibonacci retracement would expose the token to a consolidation phase below $0.019, offering investors a new entry window NEAR the moving averages.

In summary, beyond the technical indicators, Justin Sun’s public support gives new legitimacy to PENGU. Far from being a mere passing memecoin, Pudgy Penguins establishes itself as a crypto asset to watch closely, driven by an active community, encouraging technical signals, and growing institutional investor attention.

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