$PENGU Pudgy Penguins 🐧 soar 20.6% in 24h—what’s fueling the rally?

▫️ Short squeeze drama: A $18.4M 3x short is facing $10.7M in losses, liquidation looming at $0.04028.
▫️ NFT momentum: Pudgy Penguins NFT floor surged 15% to 16.75 ETH, echoing blue-chip rallies after a $5.7M CryptoPunks buy.
▫️ Bullish signals: RSI at 75.92 and positive MACD confirm strong momentum—meme coin rally style.

Key question:

Will PENGU break $0.040 and spark a full short squeeze, or will profit-takers step in? Watch that $18.4M Hyperliquid position and NFT volume for clues.


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