Key Takeaways
- PENGU’s price action could continue to a new all-time high following strong bullish price action.
- PENGU’s strong community push and whale accumulation could see the price rally more in August.
- PENGU’s strategic partnership, NFT hype, and price action give the price a boost for a bullish rally.
July 2025 has been an incredible ride for the cryptocurrency market as the price of Bitcoin hit a historical milestone of over $123,000, Ethereum rallies to $3,900 restoring the hopes of a possible memecoin and altcoin season with a glimpse of that seen around the likes of HYPE and PENGU as these two tokens generated a lot of hype following strong price rally.
A notable performer in the July rally for memecoins was Pudgy Penguins (PENGU) as the famous Solana memecoin outperformed all the memecoins on the Solana network, including many altcoins, following an aggressive rally of over 150% from its low.
While the community of PENGU played a key role in generating hype, which attracted investors, the price actions and other key factors contributed to the price of PENGU topping the market in July and emerging as a top performer following its strong price rally.
Why Has PENGU Emerged as a Strong Solana Memecoin?
PENGU’s growth in the last few months has been fueled by an aggressive community backing across the world as the memecoin token continues to create history. Not only has its community continued to grow and push its narratives, but an aggressive marketing campaign and strategic partnerships for PENGU have boosted its price and presence across social platforms like X, TikTok, Reddit, and Telegram.
Following a strong community backing for PENGU, whales and investors have continued to accumulate the Solana memecoin as traders position themselves, considering how the memecoin has garnered strong market potential to the upside.
In previous weeks, the news of a possible PENGU ETF (Exchange-traded Fund) has gained much traction among institutions as traders accumulate PENGU for the long-term. This has further boosted the Open interest for PENGU across exchanges and on-chain.
Huge interest in PENGU has also seen strong price gains in the last month, with the price potentially continuing its rally to the upside of $0.1 based on market speculation and analysis.
PENGU Price Analysis – Will Price See More Rally?
Strong bullish price actions for PENGU have emerged following price retracement towards its key liquidity zone after rallying by over 150% in the last few weeks, as the price on the daily timeframe has shown strong bullish price action.
According to Snyder, a crypto analyst on X, hinted at a possible price continuation to the upside for PENGU following a strong retest of the key demand zone with a price bounce to the upside as the price aims to rally in August.
A strong breakout and close above $0.045 could see the price of PENGU attempt a potential new all-time high in the coming weeks. Overall price action for PENGU remains bullish for traders looking for entry opportunities to the upside.
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