Whales Gobble Up PENGU as Robinhood Listing Sparks 12% Fire Sale – Time to Dive In?
Robinhood just threw PENGU traders a lifeline—or a fishing net. The zero-commission platform listed the meme coin as its price tanked 12%, triggering a feeding frenzy among crypto whales.
Buy the dip or get eaten alive?
While retail traders were panicking, deep-pocketed investors saw blood in the water. The timing reeks of that classic Wall Street playbook: let the little guys sell low so the big players can scoop up discounts. How very... democratic of them.
One thing's clear: when whales start accumulating during a selloff, they're betting on more than just a dead cat bounce. Either PENGU's about to moon, or these guys enjoy losing money as much as hedge funds enjoy 2-and-20 fees.
PENGU Now Available on Robinhood Advanced
Pudgy Penguins (PENGU) is now listed on the Robinhood Advanced trading platform, as the project’s official account announced. The listing gives users of Robinhood access to PENGU using advanced tools for trading.
$PENGU is now live and tradable on the @RobinHoodApp advanced trading platform, Robinhood Legend pic.twitter.com/Z6yr2t2kgT
— Pudgy Penguins (@pudgypenguins) August 5, 2025
At the time of writing, PENGU was priced at $0.033. Over the last 24 hours, trading volume reached $409 million. The token has seen a price drop of 5% in the past day and 12% over the last week.
These declines follow a broader downtrend in the crypto market, where several digital assets have posted similar losses.
Large Wallets Accumulate During Price Drop
While the token’s price has fallen, some wallets are increasing their holdings. Lennaert Snyder posted:
“PENGU whales are growing exponentially.” He also said, “As price is increasing, more whales are accumulating PENGU.”
These comments appear out of sync with the recent price action, as data shows an apparent decline.
Analyst Sjuul from AltCryptoGems shared,
“PENGU is tapping into this demand and trying to bounce from there.” They added, “As long as we hold here, we should be good to go.”
These statements suggest that the market is watching the current price level closely, but direction remains uncertain.
Price Holds Near Key Support Zone
PENGU is trading NEAR a support zone between $0.028 and $0.032. This area previously acted as resistance and now serves as a level where buyers are active. The asset has pulled back from a recent peak near $0.047. If this zone holds, a move higher is possible. A drop below may lead to further losses.
Meanwhile, technical signals are still weak. The Bull Bear Power (BBP) is at -0.001655, showing sellers are active. The Relative Strength Index (RSI) is at 42.78, which reflects low buying strength. The RSI is also below its average line, pointing to continued downward movement.
Traders Watch Falling Wedge Pattern
Satoshi Flipper noted that the PENGU 4-hour chart shows a falling wedge pattern. He said,
“PENGU falling wedge continues to fill out nicely as price retests strong support again.”
This pattern is often tracked for breakouts, but no MOVE has been confirmed yet.
Crypto analyst Ali Martinez also pointed out that this area is important for buyers. The market will likely react to any clear move above or below this zone.
