The PENGU price is rising in the market once again. It has gained double digits over the past week, leading to discussions about a possible rally to new highs. Here are the factors driving the token’s increase.
PENGU Price Sees Renewed Momentum
At the time of writing, the PENGU price is trading at around $0.04282, with a daily range of $0.0360 to $0.0458. According to CoinMarketCap data, the token has jumped roughly 12% in the last 24 hours, rallied 40% over the past week, and delivered a stunning 384% rise over the past month, a sharp reversal from last year’s slump.
The token still trades below its all-time high of roughly $0.069 reached in December 2024, but recent trends suggest that momentum could be rebuilding.
According to WhaleInsider, Pudgy Penguin (PENGU) now has over 868,000 holders, indicating renewed interest from both large and retail investors, which has fueled its bullish run. Coinglass also reports that open interest rose 31% to about $748 million, while trading volume increased by almost 42% to about $5.99 billion.
Another factor lifting sentiment is growing talk of a possible PENGU ETF. Several commentators on social media floated the idea that approval of a PENGU ETF could send the price soaring, with some suggesting it could jump to 30 cents overnight if the SEC gives the green light.
While there is no official confirmation yet, many believe a decision may come between late July and mid-September 2025. This is based on typical regulatory timelines. Analysts think that mid-August could be a key time for this decision.
Exchange Support: Gemini Adds PENGU & Binance Futures Steps In
Exchange activity is adding further support to the PENGU price narrative. Gemini recently announced the integration of the PENGU token. Users can deposit, withdraw, and trade PENGU on their platform, which will make it easier for traders to access the token and increase its liquidity.
Additionally, Binance Futures will launch USDⓈ-M PENGUUSDC perpetual contracts on July 23, 2025. This will give traders new options to bet on changes in the PENGU price.
Furthermore, one crypto analyst predicted that the PENGU price could double or triple quickly if momentum holds, citing the token’s relatively low resistance levels beyond the 5-cent mark.
It is also worth mentioning that PENGU will soon launch its mobile game on the Apple App Store and Google Play, as previously reported by CoinGape. The token’s price rose sharply following this announcement, indicating strong interest in Pudgy Penguins’ entry into mobile gaming.
Technically, the PENGU price has broken through several short-term resistance levels. If large investors continue to buy, trading volumes remain high, and ETF rumors intensify, analysts believe a significant price move could occur soon.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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