๐ง ๐ฃ๐๐ก๐๐จ ๐ฆ๐ต๐ผ๐ฐ๐ธ ๐ฅ๐ฎ๐น๐น๐: +27% ๐ถ๐ป ๐ฎ ๐๐ฎ๐ ๐ฎ๐ ๐๐ผ๐ฟ๐ฒ๐ฎ & ๐๐ง๐ ๐๐๐ฝ๐ฒ ๐๐๐ฒ๐น ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐!
โค PENGU soared by 27% in 24 hours, hitting $0.019 โ its highest price in three months. This surge follows months of steady gains in Q2, with price rising from $0.004 to $0.019 โ a 400% jump!
๐ฅ Why It Pumped:
โค PENGU got included in an upcoming meme ETF now under SEC review, boosting demand.
โค South Korean traders piled in: Over 32% of PENGU volume now trades against the Korean won (KRW), mainly on Upbit and Bithumb.
โค The move triggered a $2.8M short squeeze, liquidating over-leveraged bears.
๐ By The Numbers:
โค Daily volume spiked, helped by KRW trading which grew 50x in a month.
โค PENGU became the 6th most active token on Upbit and entered Bithumbโs top 10.
โค Open interest surged from $32M to $160M recently, showing traders betting big.
๐งฉ Other Catalysts:
โค Added to Hyperliquid spot market, boosting exposure.
โค Funding rates turned negative since June 28 โ too many short sellers โ classic short squeeze.
โค Only five whales hold big derivatives positions, with three still deeply in the red.
โ Despite the NFT collection floor price staying low (โ9.38 ETH), PENGUโs meme power and community hype are strong. Traders now talk of $1 dreams if momentum continues.
โก Bottom line: PENGUโs rally mixed ETF news, Korean hype, and a violent short squeeze โ showing meme magic isnโt dead yet!