Pudgy Penguins Coin Soars 121% in 7 Days, Market Cap Tops $2 Billion

Pudgy Penguins (PENGU) has gone wild, up 121% in 7 days. As of Wednesday PENGU is stabilizing at $0.032, with a market cap over $2 billion.

Written by: Arslan Butt • Wednesday, July 16, 2025 • 1 min read

Last updated: Wednesday, July 16, 2025

Quick overview

Pudgy Penguins (PENGU) has surged 121% in the past week, stabilizing at $0.032 with a market cap exceeding $2 billion.
Open interest in PENGU futures has reached a record high of $463.63 million, indicating increased trader participation and bullish sentiment.
Technical indicators show strong upward momentum, with RSI at 87 and MACD signaling positive trends.
Key price levels to watch include $0.030 for support and $0.046 as the next major target.

Pudgy Penguins (PENGU) has gone wild, up 121% in 7 days. As of Wednesday PENGU is stabilizing at $0.032, with a market cap over $2 billion. This has pushed PENGU ahead of meme coin competitors Official Trump (TRUMP) and SPX6900 (SPX) according to CoinGecko.

Originally an NFT collection on Ethereum, Pudgy Penguins expanded to Solana with the PENGU token. In the last 24 hours alone PENGU is up over 9%.

The coin’s technicals are strong, and not just the price. Investor participation is rising, as shown by open interest in the futures market.

Open Interest Hits New High

Open interest (OI) in PENGU futures is rising. According to Coinglass OI went from $280.94 million on Sunday to a record $463.63 million on Wednesday, up 65% in 3 days.

This means:

More traders are entering new positions, fresh capital is coming in
Bullish sentiment is high, momentum is strengthening
Retail and institutional investors are getting more aggressive

Technical indicators agree. RSI is at 87, above the overbought threshold of 70. MACD had a bullish crossover in late June and the histogram bars are above the zero line, both good signs of upward momentum.

Levels to Watch for PENGU

PENGU is stabilizing at $0.032 after breaking above the 50% Fibonacci at $0.025 and closing above the 61.8% level at $0.030. Next major target is the January 6 high at $0.046.

Penguins Price Chart - Source: Tradingview — Penguins Price Chart – Source: Tradingview

But be cautious:

If PENGU closes below $0.030, it will pull back to $0.025
Overbought RSI means short term correction
Sustained price above $0.030 will solidify the trend
PENGU is looking good.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.