#USCryptoWeek
Pudgy Penguins climbs 26% as analyst draws PEPE comparison, eyes further upside.
Pudgy Penguins token, PENGU, has caught the market’s attention after a steep 26% daily jump brought its price to $0.0288.
The move caps off a powerful seven-day rally, with the token up 91% over the past week and 195% over the past month. Pudgy Penguin’s market capitalization is now approaching $2 billion. The latest surge has prompted new comparisons to previous memecoin breakouts.
Investor interest is rapidly growing. Trading volume over the last 24 hours has surged past $2.07 billion, a 226% rise that signals renewed conviction. Derivatives activity has also exploded, with volume reaching $5.27 billion and open interest climbing to $419.25 million, according to Coinglass data.
These numbers point to an increase in speculative activity as traders place directional bets on ongoing price action. The current rally is being fueled by more than momentum.#Write2Earn #ShariaEarn #MemecoinSentiment #TradingStrategyMistakes $PENGU