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Pudgy Penguins Surges 30% on ETF Acknowledgment & Game Launch
According to the data from CoinMarketCap, the trading price of Pudgy Penguins grew around 30% in the past 24 hours, and its market capitalization has reached $1.19 billion with a surge of 28.20% and trading volume grew more than 200% reaching $594.25 million.
Market experts argue that the surge in prices seems to be backed by two different developments, including the confirmed launch of a new game and a fresh development in the way of getting ETF approval.
A X post from The Solana Post dated July 10, 2025, notes that the Spot $PENGU ETF has now been officially acknowledged by the U.S SEC.
The Spot $PENGU (@pudgypenguins) ETF from Canary has been officially acknowledged by the SEC. pic.twitter.com/zDEuGTosvS
— The Solana Post (@thesolanapost) July 9, 2025
The acknowledgement by the regulatory commission has backed the sudden spike in the trading volume of Pudgy Penguins, and in just a few hours, the volume grew by 200%.
Data available on SolScan(dot)io states that token Pudgy Penguins holders are 560,691, and its current supply is 76,723,507,263.03 $PENGU.
As of July 09, 2025, total trades in Pudgy Penguins were 37,614 with total sale volume of $3.5 million, and total buy volume was $3.71 million; however, on July 08, total trades were 44,337 with a total sell volume of $4.18 million and total buy volume of $4.35 million.
A quick dive into Pudgy Penguins’ price
In the past 24 hours, Pudgy Penguins traded highest at $0.01919 and at their lowest traded price is $0.01445.
After a prolonged downtrend from January through mid-March,$PENGU bottomed out around $0.0037. Since then, it has formed a series of higher lows and higher highs, a clear indication of forming a rounded bottom pattern.
Source: TradingView
The price action confirms strong accumulation followed by a breakout attempt through May and July, the YTD chart of $PENGU shows a notable shift.
The 50-day moving average appears to be curling up towards the 200-day moving average, hinting potential golden cross, which is often a long-term bullish signal.
Looking ahead, if buying pressure sustains, it may attempt to reclaim the $0.025-$0.03 zone; however, short-term pullbacks are possible in order to maintain a balance.
Market watchers speculate that if the broader market remains stable, $PENGU could extend its recovery towards Q3 highs, primarily backed by strong community sentiment and liquidity.
Between July 04 and July 10, 2025, Pudgy Penguins prices have shown a dramatic bullish breakout, after consolidating below $0.016 for days, the prices surge past resistance, reaching a high of $0.0199 with a significant volume spike.
Source: TradingView
The spike was backed by a clear cup and handle breakout pattern and tightening EMAs, indicating strong uptick momentum. Skyrocketing buying momentum suggests short-term continuation, provided the token holds above the $0.0178-$0.018 support territory.
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