Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation

Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation

Coinpedia2025/12/03 10:03
By:Coinpedia
Story Highlights

Pudgy Penguins ($PENGU) Price has shown a strong rebound over the past 24 hours, climbing more than 26% after hitting a low of $0.00956. The collection, based on 8,888 unique NFTs on Ethereum, currently has a market cap of $645 million and a 24-hour trading volume of $123 million.

Advertisement

The surge appears linked to strategic developments and investor activity. A whale purchased 2.9 times their average trading volume at the end of November, accumulating $273,000 worth of tokens, while new addresses contributed $1.3 million in smart money inflows. 

Additionally, the Latin American exchange Bitso announced plans to launch a perpetuals aggregator in early 2026, with $PENGU as a core asset, tapping into a $1.37 trillion regional remittance market.

$PENGU recently announced a collaboration with the NHL for the 2026 Discover NHL Winter Classic, kicking off this week at Art Week Miami, with giveaways and fan activations that could attract mainstream attention.

Several technical and structural factors support this momentum. The price reclaimed multiple daily resistance levels, including $0.01186, now acting as intraday support. 

Large outflows in 2025, totaling up to $9.4 million or 1 billion PENGU withdrawn in just three days, indicate reduced sell-side liquidity and strong long-term holder conviction. Overall, spot accumulation and structural reclaim suggest early signs of a reversal.

$PENGU shows both opportunities and risks. The $0.012 area serves as a critical support level, and a break below it could trigger a 15–20% decline. Resistance levels near $0.011–$0.0135 could limit further gains if the token faces rejection. 

  • Also Read :
  •   Why SUI Price is Up Today?
  •   ,
Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation image 0 Pudgy Penguins Price (PENGU) Jumps 26% Amid Whale Accumulation image 1

On the 4-hour chart, the MACD shows growing buying pressure, suggesting short-term upward momentum. However, the token remains highly volatile, with daily swings of up to 33%, meaning that rebounds are often followed by corrections.

$PENGU has reclaimed key moving averages, including the 10- EMA and 20-SMA, signaling early trend reversal. The RSI jumped from 26 to 45, showing strong absorption, while the MACD histogram turned positive and surged, indicating that short-term momentum is bullish. 

On the derivatives side, funding is slightly positive, the long/short ratio is 1.23 (down from 1.64), and open interest remains flat, confirming that the rally is spot-led rather than leveraged speculation.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Federal Reserve's Change in Policy and Its Effects on High-Yield Cryptocurrencies Such as Solana: Rethinking Risk Management Amidst Shifting Regulations in the Digital Asset Sector

- Fed's 2025 policy shift injected $72.35B into markets, briefly boosting Solana (+3.01%) before macro risks triggered a 6.1% price drop. - EU MiCA and US GENIUS Act regulations drove institutional adoption of compliant platforms, with Solana's institutional ownership reaching 8% of supply. - Fed's $340B balance sheet reduction and SIMD-0411 proposal exposed crypto liquidity fragility, causing 15% market cap decline and 4.7% TVL drop for Solana. - Institutions now prioritize MiCA-compliant stablecoins and

Bitget-RWA2025/12/09 01:18
The Federal Reserve's Change in Policy and Its Effects on High-Yield Cryptocurrencies Such as Solana: Rethinking Risk Management Amidst Shifting Regulations in the Digital Asset Sector

Algo slips 0.52% as Allego unveils app designed to simplify EV charging

- Algo (ALGO) fell 0.52% in 24 hours to $0.1335, with a 60.3% YTD decline, coinciding with Allego's new EV charging app launch. - Allego's app offers real-time pricing, smart routing, and Plug&Charge features to simplify European EV charging across 35,000+ stations. - The app eliminates partner network markups and provides transparent billing, targeting user frustrations with fragmented charging experiences. - As Europe's EV market grows, Allego positions itself as a key infrastructure provider through thi

Bitget-RWA2025/12/09 00:52
Algo slips 0.52% as Allego unveils app designed to simplify EV charging

Exploring How Artificial Intelligence Shapes Higher Education and Tomorrow’s Job Market: Supporting STEM and Technical Training to Counteract the Effects of Automation

- AI is reshaping global economies, forcing higher education and vocational programs to rapidly adapt to automation-driven workforce demands. - Institutions prioritize "AI fluency" across disciplines, while STEM/vocational training addresses growing demand in AI-augmented roles like data analysis and software development. - OECD projects AI education investments could boost GDP, with the AI education market expected to grow from $7.05B in 2025 to $112.30B by 2034. - Federal funding initiatives and private

Bitget-RWA2025/12/09 00:22
Exploring How Artificial Intelligence Shapes Higher Education and Tomorrow’s Job Market: Supporting STEM and Technical Training to Counteract the Effects of Automation

The Growing Need for AI Professionals and How It Influences Technology Company Valuations

- Global AI talent demand surged in 2025, driving universities to expand AI curricula and industry partnerships. - Top institutions like MIT and Stanford prioritize ethical AI education, while international schools like Nanyang Tech boost AI research. - Universities with AI-focused endowments achieved 14-15.5% returns in 2025, outperforming traditional education assets. - Education ETFs like Leverage Shares +3x Long AI ETP rose 120% in 2025, tracking AI infrastructure growth and semiconductor demand. - AI

Bitget-RWA2025/12/09 00:04
The Growing Need for AI Professionals and How It Influences Technology Company Valuations
© 2025 Bitget