Will PENGU’s New Whale Influx Break the $0.046 Barrier? Shockingly Close! 😲

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Key Takeaways

Imagine a whale hoarding PENGU like a jealous aunt with her secret recipes, hitting a three-month high. Yet, the price was more stubborn than a mule in mud-second among the top 16 whale inflows on Solana in a week, but still struggling to break free. Typical crypto drama, right? 🐳

Pudgy Penguins [PENGU], our adorable memecoin darling, only nudged up 1% on August 5th. Still, it boasted impressive trading volumes and a monthly gain taller than a Siberian pine-over 112%. Talk about incremental progress-like climbing a mountain one timid step at a time, all the while pretending you’re hiking the Alps. 🏔️

Riding the phantom tailwinds (pun intended) of Phantom’s clever acquisition of Solsniper, PENGU seems to be soaking up the spotlight for Solana-based memecoins. ✨ But the real question: can the whales, that mysterious, heavy-footed herd, lift PENGU’s valuation as the entire crypto world hemorrhages $10 billion in capital over five days? Grab your popcorn. 🍿

Whale accumulation on PENGU reaches a three-month high

According to The Solana Post on X (formerly Twitter), whale holdings of PENGU surged to a three-month peak of 14 billion tokens as of August 5th. Nearly a billion tokens deposited while PENGU’s price danced from $0.04 to $0.03-like a drunk trying to find his keys but still pocketing more. 🧐

This aligns with a sharp spike in whale holdings-think of it as whales doing their own version of a gym workout-while PENGU’s price briefly faltered.

Meanwhile, thanks to PSG1 Console’s nifty buy-and-burn tricks-reducing circulating supply-the memecoin’s star influencer continues to shine a bit brighter. It’s second among Solana’s top whale inflows, just behind Bonk [BONK], which flaunted a staggering $18 million. But BONK’s got a scandalous penchant for burning 300 billion tokens in a single day-talk about a cleanout! 💥

Why is PENGU’s fame rising like a phoenix?

On X, our beloved PENGU’s official channel shows that organic attention is alive and kicking: 908 million daily views and still climbing-like an over-enthusiastic soap opera. These numbers tripled over 3 months, matching whale activity hitting an all-time high. Coincidence? Probably not. Just some clever memecoin wizardry casting its spell. 🧙‍♂️

Its cultural relevance in the U.S. and real-world reach has helped it amass nearly 568,000 holders by August 5th. Not bad for a fuzzy penguin trying to waddle his way into the big leagues. 🐧

The technical setup of Pudgy Penguins: A wobbly stance

Fundamentals look promising-if only the price could decide whether it’s a penguin or a drunken sailor. It broke out of a falling wedge pattern but is now fighting to hold its ground near the $0.034 support level. Talk about playing hard to get. 💔

Current trade price? $0.03548-up 3.18%-thanks to someone clicking “buy” just in the right moment. The chart hints at a resistance wall looming at $0.046. Looks like a plush obstacle course for a tiny penguin! 🐧💪

Volume-wise, 1.34 billion tokens changed hands, but the momentum is fading-kind of like trying to start your car on a chilly morning: nearly neutral at -0.0053. Whether PENGU can surge higher probably depends on market moods-everyone’s cautious, like walking on thin ice during an Antarctic winter.

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2025-08-06 10:02