According to the data from CoinMarketCap, the trading price of Pudgy Penguins grew around 30% in the past 24 hours, and its market capitalization has reached $1.19 billion with a surge of 28.20% and trading volume grew more than 200% reaching $594.25 million.
Market experts argue that the surge in prices seems to be backed by two different developments, including the confirmed launch of a new game and a fresh development in the way of getting ETF approval.
A X post from The Solana Post dated July 10, 2025, notes that the Spot $PENGU ETF has now been officially acknowledged by the U.S SEC.
The acknowledgement by the regulatory commission has backed the sudden spike in the trading volume of Pudgy Penguins, and in just a few hours, the volume grew by 200%.
Data available on SolScan(dot)io states that token Pudgy Penguins holders are 560,691, and its current supply is 76,723,507,263.03 $PENGU.
As of July 09, 2025, total trades in Pudgy Penguins were 37,614 with total sale volume of $3.5 million, and total buy volume was $3.71 million; however, on July 08, total trades were 44,337 with a total sell volume of $4.18 million and total buy volume of $4.35 million.
A quick dive into Pudgy Penguins’ price
In the past 24 hours, Pudgy Penguins traded highest at $0.01919 and at their lowest traded price is $0.01445.
After a prolonged downtrend from January through mid-March,$PENGU bottomed out around $0.0037. Since then, it has formed a series of higher lows and higher highs, a clear indication of forming a rounded bottom pattern.
The price action confirms strong accumulation followed by a breakout attempt through May and July, the YTD chart of $PENGU shows a notable shift.
The 50-day moving average appears to be curling up towards the 200-day moving average, hinting potential golden cross, which is often a long-term bullish signal.
Looking ahead, if buying pressure sustains, it may attempt to reclaim the $0.025-$0.03 zone; however, short-term pullbacks are possible in order to maintain a balance.
Market watchers speculate that if the broader market remains stable, $PENGU could extend its recovery towards Q3 highs, primarily backed by strong community sentiment and liquidity.
Between July 04 and July 10, 2025, Pudgy Penguins prices have shown a dramatic bullish breakout, after consolidating below $0.016 for days, the prices surge past resistance, reaching a high of $0.0199 with a significant volume spike.
The spike was backed by a clear cup and handle breakout pattern and tightening EMAs, indicating strong uptick momentum. Skyrocketing buying momentum suggests short-term continuation, provided the token holds above the $0.0178-$0.018 support territory.
