On July 14, Justin Sun published an intriguing illustration on X: a penguin styled in his image, wearing a t-shirt with the TRON logo.
The message accompanying this post, "OK. Everyone has become a penguin," seemed insignificant at first glance. However, it unleashed a true viral wave in the crypto universe.
The Pudgy Penguins community quickly reacted with fervor. The official account quoted Sun's post with these words: "Everyone will gather." This interaction triggered a buying frenzy that made PENGU rise by 31% in just a few hours.
But this increase is not coincidental. A few days earlier, on-chain analyst Ali had already anticipated this bullish dynamic.
In a highlighted post, he wrote:
"Compared to what $PEPE has achieved, the current level of PENGU gives the impression of an entry point that is only seen once in a lifetime."
A way to emphasize the solid fundamentals of the memecoin, which seems to be charting its own path now.
This community excitement is complemented by an important regulatory advance: the official recognition by the SEC of the filing of a Spot PENGU ETF by Canary Capital.
This announcement, which occurred shortly before Sun's tweet, had already caused a rise in the token's price. Today, it reinforces the perspective of broader institutional adoption, paving the way for a new phase of maturity for PENGU.