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Pudgy Penguins (PENGU) has gone up nearly 100% as Bitcoin’s ATH has sparked a wild bull rally in the cryptocurrency market. PENGU reached a new six-month high of $0.326 on Sunday, becoming the best-performing name amongst the top 10 meme coins this week.
While long-term catalysts for PENGU’s growth are linked to the SEC’s acknowledgment of a PENGU ETF proposal, this sharp surge is attributed to Pudgy Penguins NFT, which has sparked a social media frenzy.
The demand for the meme coin surged after Coinbase changed its usual blue “C” logo on X, posting a Pudgy Penguins NFT as its profile picture with a hook, “new pfp, who dis.” This move increased the floor price of Pudgy Penguins NFTs and also increased the volume by nearly 690%.
new pfp, who dis
— Coinbase 🛡️ (@coinbase) July 11, 2025
Recently, the U.S. SEC acknowledged Canary Capital’s paperwork for the PENGU ETF, fueling the demand for the meme coin. SEC is now reviewing Canary’s prospectus for what could be the first meme coin-linked ETF to be listed.
All of these factors have worked as bullish catalysts for PENGU. However, investors are now discussing whether it could sustain its parabolic rally.
PENGU Could Retest Its $0.25 Support Level Soon
Following the breakout of the $0.17 level on 10th July, PENGU has seen a vertical increase of over 90%. A profit booking in the coin is pending, which could pull back its price to local support levels like $0.25.
Image Courtesy: TradingView
Looking at a shorter timeframe, PENGU is now consolidating in the $0.28-$0.30 range. This consolidation could mean either accumulation for the next rally or preparation for a profit booking.
If the bullish momentum sustains and price breaks above the $0.30 crucial resistance level with high volume, PENGU could soon retest its all-time high of $0.429.
However, if the price breaks below the lower level of the range, it would mean that the early buyers are now cashing in, and the price could retest the key psychological support levels that have served as support for previous trends.
With this sharp price surge in PENGU, retail investors are waking up, searching for the next best crypto to buy now. With momentum building in the broader crypto market, analysts say we have entered the next bull supercycle.
As the public discovers the potential of meme coins, the best crypto presales like Token6900 (T6900) are gaining massive traction. As this coin is available in its early stage with high future growth potential, the presale is seeing insane demand.
Token6900 (T6900) – The Next 100X Brain Rot Meme Coin
Token6900 isn’t just another meme – it’s a full retro vibe, providing investors another opportunity to ride a trend similar to SPX6900 (SPX). Since its launch, SPX6900 has surged astronomically, providing investors with a massive ROI of 60,663,412%. As Token6900 is the next step in the evolution of SPX6900, the potential is even higher.
This new meme coin is following the new trend in the meme coin market – no use case, just pure greed demand from investors with rebellious urge to challenge big institutions.
Token6900 (T6900) presale has raised more than $480K in just a few days of launch, attracting those looking for the next viral token. Not only retailers but prominent market traders and whales are already noticing the hype, with many labeling it the next 100x crypto.
Token6900’s mission is to leverage humor, internet culture, and community appeal to create a cult-like following that fosters trading brain rot. Meme coins have the potential to lead the crypto market, and Token6900 skips utility presence, directly building on investor confidence.
Furthermore, the team has prioritized equality for every investor with liquidity lock and transparent governance. If you are looking for a moonshot play to create wealth and skip unnecessary nonsense, T6900 is the best meme coin to buy.
The presale is selling out fast. To buy $T6900 at its undervalued presale price of $0.00655, visit the Token6900 website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
