Pudgy Penguins’ native token , PENGU, surged 21% in the past 24 hours. Today’s trading data indicates that its price rallied above $0.034, with a 24-hour volume exceeding $1.4 billion. The token jumped 135% over the past seven days, contributing to its 325% three-week gain.
What is Fueling PENGU Surge?
The surge began a few weeks ago when large buyers, known as “whales,” purchased more than 200 million PENGU tokens worth $2.4 million. The big buys triggered renewed interest and on-chain buying pressure. The rally coincided with the general crypto market uptrend, during which BTC broke price milestones.
Adding fuel to the fire is the social media buzz around a proposed PENGU ETF. The SEC’s acknowledgment of a Canary Capital PENGU Spot ETF filing rekindled investor confidence. Notably, the ETF aims to manage a hybrid fund that will hold between 80% and 95% PENGU tokens, alongside Pudgy Penguins NFTs.
Coinbase also changed its X profile picture to a Pudgy Penguins NFT, captioned, “New PFP, who dis.” Following the move, other crypto platforms, such as OpenSea, OKX, and Binance, also adopted Pudgy Penguin avatars, creating a fear of missing out (FOMO) among investors and driving further gains. At press time, Trust Wallet featured the Penguin on its profile.
PENGU’s 17% gain over the past 24 hours comes after the team officially announced it would soon launch its game. The upcoming mobile game titled “Pudgy Party” has fueled excitement within its community, resulting in over 2 million users being on the waitlist. The team claims the game will feature a player-versus-player mode, along with smart-contract prize pools.
Pudgy Party, our competitive multiplayer game, is launching soon on the @Apple App Store and @Google Play Store.
We’re giving away a total of $5,000 worth of $PENGU to 5 lucky people who RT this and follow @PlayPudgyParty.
More information below. pic.twitter.com/ruzb06gi2z
— Pudgy Penguins (@pudgypenguins) July 14, 2025
Same Chain, Different Story
On the same blockchain powering PENGU, exists PUMP, the native token of Pump.fun, a launchpad protocol in Solana. CoinMarketCap indicates the PUMP token has declined by 13% over the past 24 hours. The price is currently hovering around $0.0055, with the daily trading volume at nearly $1.65 billion.
The PUMP decline hints at early profit-taking by investors who participated in last week’s public sale. The token plunged by 21% after launching on Bybit exchange’s spot market. As if the token’s slump were not enough, an investor mistakenly sent $75,000 worth of PUMP tokens to a null address in an attempt to clear the wallet of scam tokens.
