🐧 $PENGU is +10% in 24h, +28% in 7d.
Catalysts in play:
- China push: Licensing deal with Suplay Inc. (top collectibles firm) for trading cards & blind boxes → access to a $30B merchandise market.
- Gaming angle: Pudgy Party mobile game (w/ Mythical Games) launching this month, expanding token utility.
- On-chain flows: Whales added ~1B PENGU (~$37M) last week, OI up 25%.
- Sentiment: Altcoin Season Index at 66/100 (+27% weekly), showing risk-on appetite.
- ETF delay: SEC pushed decision on the hybrid PENGU/NFT ETF to Oct 12, tempering near-term institutional flows.
- Big picture → Institutions & whales positioning early for brand expansion + gaming adoption, while retail sentiment heats up.