Pudgy Penguins ($PENGU) is making a big splash in both the cryptocurrency and mainstream culture worlds. Over the past week, the PENGU price has climbed by over 51%, reaching a high of $0.01538 before slightly cooling to around $0.0147 at present.
While it remains down more than 70% from its all-time high of $0.05738, the recent price surge, fueled by major headlines and growing interest, suggests that a real comeback could be taking shape.
Pudgy Party Mobile Play-to-Earn Game Nears Launch
One of the biggest drivers of recent momentum is the upcoming launch of Pudgy Party, a mobile game developed by Mythical Games, the same studio behind NFL Rivals, which has over 5 million downloads and 500,000 monthly users.
Crypto influencer and founder of short-form animated series Master Pengu, Steve G, described the gameplay as a mix of Mario Party and Fall Guys, stating that feedback from testers has been overwhelmingly positive.
With over $270 million in funding backing the project, Pudgy Party is being positioned as a mainstream-ready title with massive user potential.
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For $PENGU holders, this could create sustained demand if in-game rewards or marketplace interactions involve the token.
Institutional Interest in Penguin Penguins
What makes Pudgy Penguins special is its blend of meme culture and interest from big investors. Recently, the project has made important moves to enter the regulated investment market.
The most noteworthy step is that the CBOE filed a 19b-4 application for the Canary PENGU ETF. This ETF will include both the $PENGU token and Pudgy Penguin NFTs. It is only the second memecoin-style ETF to reach this stage after DOGE and the first one to include NFTs.
Canary Capital also filed an S-1 ETF application in March, showing a long-term interest from institutional investors.
Additionally, Pudgy Penguins has gained attention by becoming a symbol of crypto culture in traditional finance. Recently, PENGU rang the opening bell at NASDAQ with VanEck, which coincided with the stock index reaching an all-time high. While this was likely a coincidence, it boosted the token’s visibility.
Surprisingly, the team participated in a meeting on Capitol Hill with lawmakers to discuss crypto accessibility and adoption, further promoting the idea of the “Institutional Penguin.”
PENGU Price Crosses $0.015, Eyes Technical Breakout
According to technical analyst Ali (@ali_charts), the key signal for a bullish rally is a daily close above $0.015, and PENGU briefly achieved this on June 30, reaching $0.01538 with daily trading volume nearing $1 billion.
The chart also shows a clear ascending trendline and a successful retest of support, aligning with a breakout structure.
From here, traders are watching the $0.0165–$0.018 zone as the next resistance. If PENGU price manages to break cleanly above those key levels, it could open the door for another big move, possibly pushing toward $0.025 or higher, based on chart projections.
If the momentum picks up, especially with positive ETF news or fresh exchange listings, we could see the token make a run toward $0.035 to $0.04 in the near future.
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