Pudgy Penguins Soars 64% in 7 Days — The Hidden Forces Behind PENGU’s Meteoric Rally

NFT mascot turned crypto heavyweight? Pudgy Penguins' PENGU token just ripped past expectations with a blistering 64% weekly gain—while traditional investors were busy rebalancing their bond portfolios.

What's fueling the frenzy?

1. Meme magic meets utility: The chubby Antarctic avatars evolved from JPEG status to a full-blown ecosystem, complete with staking and real-world plushie tie-ins. Suddenly, 'whimsical' looks like 'strategic.'

2. Whale watch: On-chain data shows three anonymous wallets gobbled up 11% of circulating supply last Tuesday. When crypto's shadow bankers move, retail traders ride the wave.

3. The FOMO multiplier: Every 10% price jump triggers another round of social media frenzy, creating a self-fulfilling prophecy—until it doesn't.

Cynic's corner: Remember when institutional analysts swore NFTs were dead? Now they're scrambling to explain how a cartoon bird colony gained more value than their entire fintech ETF.

The $0.02 mark might be the next area of interest if the current momentum holds. On the other hand, the price might retreat toward support in the $0.012 range if buying pressure slows. Although traders seem cautious as the market awaits clarity on the ETF’s approval path, the short-term outlook is still positive.