Pudgy Penguins Price Prediction: PENGU Plunges 69% From Peak - Halloween 2025 Rebound Incoming As Whales Gobble Up Discounts?

Crypto's favorite flightless birds are taking a brutal beating—down a staggering 69% from their all-time highs. But something fishy's happening beneath the surface.

Whale Watching Season

While retail investors panic-sell, deep-pocketed traders are accumulating PENGU tokens like there's no tomorrow. These crypto whales aren't known for throwing money at sinking ships—their coordinated buying patterns suggest they see value where others see carnage.

The Halloween Catalyst

Market cycles in crypto move faster than a penguin sliding on ice. With exactly two years until Halloween 2025, that's an eternity in meme coin time—enough for multiple narrative shifts, viral moments, and the kind of irrational exuberance that makes traditional finance bros clutch their pearls.

Rebound Mechanics

A 69% drop sounds catastrophic until you remember this is cryptocurrency—where triple-digit rebounds happen between coffee breaks. The very factors that crushed PENGU could reverse violently: oversold technicals, compressed volatility, and that special brand of amnesia that affects crypto traders every bull cycle.

Of course, betting on penguin-themed tokens requires ignoring every sensible investing rule ever written—but since when has that stopped crypto degenerates?

And Coinglass data suggests the accumulation comes with long-term holding intent. Exchange netflows have shown consistent outflows throughout the month, peaking at $14.2 million.

Traders are choosing to hold rather than keep liquidity on exchanges, reinforcing Optimism that October could mark the start of Pudgy Penguins’ next major move higher.

Pudgy Penguins Price Prediction: Could PENGU Rally Before Halloween?

This pattern of large whale order sizes closely mirrors a 10-month cup-and-handle pattern.

PENGU is now consolidating within the handle, with a retest of its lower support possibly setting the stage for the next leg up—the setup whales appear to be betting on.

Momentum indicators support the bullish case. The RSI is building back up from near-oversold conditions, suggesting buyers are stepping back in at lower prices.

The MACD histogram also trends towards a potential golden cross, hinting at the early stages of a new uptrend.

A past demand zone at $0.29 is a likely breakout zone. Once flipped to support, the next level to watch is the pattern neckline at $0.48 for confirmation of the bullish structure.

Fully realized, the pattern could see the Pudgy Penguins price extend to $0.60, marking a potential 28x MOVE from current prices.

However, the full move is unlikely to materialize before Halloween. Catalysts for demand, like continued U.S. interest rate eases running into 2026, will likely be required to fuel the move.

The immediate $0.29 level is a much more credible near-term target.

Best Wallet: The Smarter Way to HODL This Cycle

Traders are once again moving high-potential plays like PENGU off exchanges into self-custody. But this cycle, many are choosing Best Wallet ($BEST) over MetaMask or Exodus.

As traders pull high-potential plays like PENGU off exchanges and back into self-custody, many are opting for Best Wallet ($BEST) over the old go-tos MetaMask and Phantom.

The difference? Utility.

Best Wallet gives users an edge with its “Upcoming Tokens” feature, a built-in screener that highlights promising early-stage projects before they hit the spotlight.

This isn’t just another wallet. It’s made for the bull market—putting discovery, storage, and opportunity all in one place.

And it doesn’t stop at storage. With Bestcard, users can spend stablecoins anywhere Mastercard is accepted, bridging crypto seamlessly into everyday life.

So far, the presale has raised over $16.6 million, and momentum is only growing.

Early buyers of $BEST are positioning themselves ahead of listings — and ahead of the next wave of market upside.