Pengu, the native token of fatty penguins, experienced a rally of 210% this month alone, briefly reaching a summit of $ 0.0344. The rally was triggered by a viral meme on the theme of the penguin published by Justin Sun on X, who sent the token by more than 30% in a few hours.
The wave was still amplified by an increasing excitement around an ETF Pingou in cash proposed by the Canari capital, which the SEC officially recognized earlier this month. The social momentum also skyrocketed after the big brands of Crypto, Coinbase, Vaneck and Moonpay, changed their avatars on social networks for fatty penguins, signaling a unified of media behind the brand.
Grassouillard penguin NFT swing 55% as the pingou is skyrocketing
Analysts are increasingly optimistic about the Pingu’s trajectory. Chain analyst Ali Martinez thinks that the token is in a rare phase of accumulation, which suggests that it could reach $ 0.060 if the Buzz ETF continues. In addition, high liquidity on major exchanges like Binance and OKX is a strong sign of support. Despite exaggerated RSI readings, technical analysts note that if the pingou is more than $ 0.032, the bullish momentum remains intact.
The growing excitation even pushed the floor prices of the nft penguin from 9 ETH to 14 ETH – a jump of 55%, adding fuel to the tokens market accounts and the NFT.
Looking at the increase in power, some analysts believe that the Pingou will soon reach a huge market capitalization.
PESSE CAP PESSEME at $ 1.8 billion, OI increases to $ 265 million
However, this does not only say, the fundamental principles behind the Pingou have been strengthened alongside prices. The total offer of the token is 88.8 billion, with 26% locked in community pools, reducing the supply in circulation.
The market capitalization is now about $ 1.8 billion and the negotiation volume 24 hours a day has climbed over $ 2.2 billion. Channel data shows active use of the portfolio with monthly heights, while Open Interest has crossed $ 265 million, all pointing to an increase in network engagement.
Pingou price prediction
Pingou also gains ground in Asia. According to Whale Insider, he recently ranked 4th on Upbit, the first South Korea scholarship, with $ 222 million in daily negotiation volume, placing it behind Bitcoin.
For the future, the ETF exam could take up to 240 days. If it is approved, he could position Sengu as the first ETF same corner in the United States, associated with the upcoming games and goods of Grassouillant Penguins, all eyes are now on the escape areas of $ 0.045 and $ 0,060.
