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Pudgy Penguins token skyrockets after a surprise social media endorsement from TRON founder Justin Sun.
On Sunday, PENGU surged by 31% as the Solana-based meme coin captured massive attention. A playful cartoon post of a penguin with Sun’s hairstyle and TRON attire ignited the rally.
The viral post led to a social media frenzy. The Pudgy Penguins’ official account responded with “Welcome to the Huddle,” sealing the community buzz. Traders reacted instantly, pushing PENGU to the top gainer list for the day. The meme-driven nature of the coin blends with genuine market excitement, creating real movement.
Meanwhile, Justin Sun isn’t just meme-posting. He’s also advocating for lower gas fees on TRON. That adds another competitive layer to his crypto strategy. While Sun’s tweet may seem light-hearted, the market took it seriously.

Justin Sun fuels the hype — but fundamentals back the rise
On-chain analyst Ali backed the rally with technical signals. He noted the token had strong fundamentals and was ready for a move. The Relative Strength Index shows rising momentum, with higher highs and higher lows in recent days.
The PENGU price has bounced near the 50% Fibonacci retracement level around $0.036. If buying pressure keeps rising, analysts believe it could flip the next Fibonacci level, $0.044, into support. That would mark a strong technical move, not just a meme-fueled spike.
Pudgy Penguins token skyrockets toward former highs
If PENGU closes a daily candlestick above $0.044, the stage could be set for a bigger breakout. Analysts believe that this would open the way for a run toward its former all-time high of $0.07. That move would represent a 130% surge from current levels.
The token’s rapid rise and meme appeal also speak to the growing blend of entertainment and finance in crypto gaming and collectibles. With rising RSI, strong social sentiment, and celebrity endorsement, the PENGU story is more than just fluff.
Community, momentum, and memes: a winning mix
The PENGU rally shows how powerful community sentiment and memes remain in the crypto world. While the fundamentals provide support, the real fuel comes from viral energy. This meme coin is riding high thanks to a unique combination of technical strength and cultural buzz.
PENGU could keep soaring if momentum continues and key resistance levels are flipped into support. As always, meme coins carry risk—but this one’s got eyes on it for all the right reasons.

ETH accumulation by SharpLink is drawing attention across the crypto gaming and fintech communities.
The company added another 16,374 ETH to its treasury on Sunday, totaling nearly 270,000 ETH in unofficial holdings. This move marks another major step in its Ethereum-focused treasury strategy.
The recent purchase, worth approximately $48.85 million, originated from Galaxy Digital’s over-the-counter market. The transaction was traced to SharpLink’s wallet by Arkham Intelligence. Although the company hasn’t issued a formal statement about this latest buy, data suggests a consistent pattern of large-scale ETH acquisitions.
Originally known for iGaming software, SharpLink is quickly redefining its corporate strategy. Since May, the Nasdaq-listed firm has aggressively built its ETH reserves. This began alongside a $425 million private placement led by Consensys, the Ethereum development powerhouse. Joseph Lubin, CEO of Consensys and Ethereum co-founder, now chairs SharpLink.
SharpLink isn’t just buying ETH — it’s supporting the Ethereum network
SharpLink’s ETH accumulation isn’t merely speculative. According to Lubin, the firm is staking and restaking ETH, effectively removing tokens from circulation. This helps decentralize and secure the Ethereum network. The company sees itself as an “industry steward,” aligning its goals with Ethereum’s long-term health.
The impact is being felt beyond crypto wallets. SharpLink’s stock price surged over 17% last Friday following the announcement of a previous 10,000 ETH purchase. This shows how tightly the company’s stock performance is now linked to Ethereum developments.
ETH accumulation drives market and investor attention
The company’s Ethereum positioning seems to offer benefits on multiple fronts. Financially, it’s aligning with one of the strongest crypto assets. Strategically, it’s creating investor buzz and potentially attracting Ethereum-aligned gaming and Web3 partners. The Sunday purchase builds on the 21,487 ETH ($63.7 million) acquired just two days earlier.
ETH is currently trading near $2,981, its highest since early February. With the price on the rise, SharpLink’s treasury strategy could yield strong returns — both in value and in influence within the crypto community.
SharpLink reflects a bold bet on Ethereum
By committing hundreds of millions to ETH accumulation, SharpLink positions itself as a major stakeholder in Ethereum’s future. As the company builds its presence in crypto gaming and infrastructure, its ETH strategy could become a model for others in the industry looking to blend capital management with decentralized network support.

Czech National Bank’s Coinbase investment has surprised markets as the central bank moves deeper into crypto exposure.
The bank revealed it bought 51,732 Coinbase Global shares in Q2, its first investment in the exchange. The purchase, worth $18.1 million at the end of June, is now valued at roughly $20 million. This marks a clear shift in how central banks may approach digital assets and related equities.
The news came through a 13F filing with the U.S. Securities and Exchange Commission. The Czech National Bank had no Coinbase holdings in Q1, making this a notable strategic pivot. It signals growing interest among traditional institutions in the booming crypto sector. This isn’t just about Coinbase; it’s about what the move represents.
Central banks are dipping into crypto assets
Earlier this year, the CNB approved a plan to explore asset diversification. Governor Aleš Michl stated that the bank could allocate up to 5% of its €140 billion reserves into bitcoin. Though the Coinbase buy isn’t a direct crypto purchase, it demonstrates clear intent to engage with crypto markets. Stocks like Coinbase serve as accessible on-ramps for institutions testing the crypto waters.
This trend isn’t isolated to the Czech Republic. Globally, central banks and institutional funds are slowly increasing their exposure to blockchain, DeFi, and crypto gaming projects. With Coinbase up nearly 56% year-to-date, traditional investors are watching carefully.

Czech National Bank’s Coinbase investment adds momentum to crypto legitimacy
Crypto gaming, blockchain infrastructure, and Web3 projects stand to benefit from this momentum. A central bank investing in a crypto exchange sends a message to regulators and institutional investors alike. It’s not about speculation — it’s about diversification and staying ahead of financial innovation.
As retail users dive into play-to-earn games and NFTs, institutions are securing exposure to foundational companies like Coinbase. Crypto gaming projects might see indirect benefits as investor confidence grows in the wider ecosystem.
The road to wider crypto adoption may run through institutions
The Czech National Bank’s Coinbase investment could spark similar moves by smaller financial institutions. While not as aggressive as directly holding bitcoin, owning shares of a major exchange offers exposure without regulatory headaches. That’s an important distinction for other central banks watching this play out.
With over $160 billion in reserves, even a 1% shift toward digital assets could have a ripple effect. Whether through equities or crypto tokens, institutions stepping in is a bullish signal for long-term believers in blockchain innovation.