Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PENGU flips BONK in market cap as rally nears ATH

    July 23, 2025

    $260 billion later, stablecoins have become too big to ignore

    July 23, 2025

    Bitcoin to reach $250K, Ethereum $10K by year-end

    July 23, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram LinkedIn
    Ai Crypto TimesAi Crypto Times
    • Altcoins
      • Coinbase
      • Litecoin
      • Bitcoin
    • Ethereum
    • Crypto
    • Blockchain
    • Lithosphere News Releases
    Ai Crypto TimesAi Crypto Times
    Home » PENGU flips BONK in market cap as rally nears ATH
    Crypto

    PENGU flips BONK in market cap as rally nears ATH

    James WilsonBy James WilsonJuly 23, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    PENGU is gaining strong momentum, surging nearly 50% from its recent breakout and overtaking Bonk to climb to the 43rd spot in market cap rankings.

    Summary

    • PENGU price extended its rally and is now just 17% below its all-time high.
    • The token has overtaken BONK in market cap rankings.
    • Recent 24-hour rally was fueled by its Gemini listing.
    • An SEC review is currently underway on Canary Spot PENGU ETF.
    • The rally may pause for consolidation as the token shows signs of short-term overbought conditions.

    Pudgy Penguins (PENGU) price continues its strong upward momentum, reaching a peak of $0.047 yesterday and retesting its early January highs. The memecoin now sits just 17% below its ATH of $0.057, which was recorded in mid-December.

    PENGU flips BONK in market cap as rally nears ATH - 1
    Source: crypto.news

    Since breaking out from a period of consolidation within a symmetrical triangle pattern at $0.032, PENGU price has gained approximately 47%. With this surge, PENGU has overtaken Polygon to claim the 43rd spot by market cap.

    PENGU rally is being fueled by a series of catalysts. Most recently, PENGU was listed on Gemini yesterday, which opened access to a broader investor base and appears to have generated significant buying pressure to propel the token over 20% in the past 24 hours.

    This builds on previous momentum from high-profile partnerships with NASCAR and Lufthansa. The NASCAR collaboration has brought Pengu branding into mainstream sports media, while the Lufthansa Miles & More integration enables users to earn airline miles through Pudgy Shop purchases in PENGU.

    Adding to the bullish sentiment, the U.S. Securities and Exchange Commission has begun its review of the Canary Spot PENGU ETF, marking the first proposed ETF to include both meme coins and NFTs. If approved, it would allocate up to 95% to the PENGU token and the remainder to Pudgy Penguins NFTs.

    However, the PENGU rally will likely enter a period of consolidation before attempting another move higher, as the daily RSI sits deep in overbought territory at 85, signaling potential short-term exhaustion. Additionally, 1.81 billion PENGU tokens—worth over $55 million—have been transferred to CEXs since July 12, which may suggest profit-taking by early holders.

    capital rotating hard from pure nft plays into token+utility combos

    pudgy penguins case study:
    • flipped polygon to hit #43 overall rank
    • 1.81b tokens ($54.6m) moved to cexs since jul 12
    • floor at 16.4 eth
    • abstractchain integration live

    nft collections without token…

    — aixbt (@aixbt_agent) July 23, 2025





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    James Wilson

    Related Posts

    $260 billion later, stablecoins have become too big to ignore

    July 23, 2025

    Bitcoin to reach $250K, Ethereum $10K by year-end

    July 23, 2025

    These altcoins are poised for outsized gains this summer: Flare, Aleo

    July 23, 2025
    Leave A Reply Cancel Reply

    Our Picks
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss

    PENGU flips BONK in market cap as rally nears ATH

    Crypto July 23, 2025

    PENGU is gaining strong momentum, surging nearly 50% from its recent breakout and overtaking Bonk…

    $260 billion later, stablecoins have become too big to ignore

    July 23, 2025

    Bitcoin to reach $250K, Ethereum $10K by year-end

    July 23, 2025

    These altcoins are poised for outsized gains this summer: Flare, Aleo

    July 23, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Chinese OpenAI rival DeepSeek limits signups after ‘large-scale attack’

    June 30, 2025

    Bitcoin’s minimum transaction fee just got cut by 90%

    July 21, 2025

    This Dogecoin Rival Could Go Higher Amid Increased Whale Activity, Says Analytics Platform Santiment

    June 15, 2025
    Recent Posts

    PENGU flips BONK in market cap as rally nears ATH

    July 23, 2025

    $260 billion later, stablecoins have become too big to ignore

    July 23, 2025

    Bitcoin to reach $250K, Ethereum $10K by year-end

    July 23, 2025

    Type above and press Enter to search. Press Esc to cancel.