TLDR
- PENGU was added to Robinhood’s advanced trading platform Robinhood Legend, driving a 5% price increase
- The token has risen from 8th to 3rd place among meme coins with a $2.2 billion market cap
- Canary Capital has submitted a PENGU ETF application to the SEC, potentially the first meme coin ETF
- Pudgy Penguins NFTs saw their floor price jump 52% in the past 30 days
- Analysts predict a potential 70% rally, with some targeting $0.12 resistance levels
Pudgy Penguins price has climbed more than 5% in the past 24 hours to reach $0.035. The price movement followed Robinhood’s announcement that it added PENGU to its advanced trading platform called Robinhood Legend.
The U.S.-based financial services company made the announcement 24 hours ago. Robinhood Legend serves as a trading interface for active market participants who need advanced features.
The platform offers customization options, sophisticated indicators, and level-2 market data. Robinhood recently expanded access to users in the United Kingdom, which could bring more trading volume to PENGU.
$BONK, $PENGU, $PNUT, and $XLM are now available to trade on our advanced trading platform Robinhood Legend. pic.twitter.com/A6PLS9RpUh
— Robinhood (@RobinhoodApp) August 5, 2025
The Solana-based meme coin has gained momentum from multiple factors beyond the Robinhood listing. Canary Capital successfully submitted an application for a PENGU exchange-traded fund to the Securities and Exchange Commission.
The SEC has acknowledged the application and started the review process. If approved, this would mark the first ETF linked to a meme coin in the market.
PENGU’s market capitalization has grown rapidly during this period. The token moved from 8th to 3rd place among the most valuable meme coins.
Market Position Strengthens
PENGU now holds the position as the most valuable token in the Solana ecosystem with a $2.2 billion market value. The token has passed the market caps of established DeFi protocols including Pump.fun, Raydium, and Jupiter.
An approved PENGU ETF could drive more trading volumes and raise awareness among institutional investors. The approval would also set a precedent for other similar funds.
Applications for Dogecoin and Shiba Inu ETFs have also been submitted and could follow if PENGU gets approval first. Brand awareness for the project continues to expand through retail partnerships.
Pudgy Penguins toys are now available at Walmart stores. The project’s non-fungible tokens have experienced strong price growth with a 52% increase in floor price over the past 30 days.
Pudgy Penguins Price Prediction
The recent price action shows PENGU found support at the $0.032 level on the 4-hour chart. This area represents a key support zone where the token previously consolidated before its last upward move.
Strong buying interest appears to exist at this price point. Large order blocks may still be sitting at this level waiting to be filled by institutional buyers.
Crypto strategist Olking believes PENGU is forming a breakout pattern with $0.12 as the next key resistance level. Some analysts predict the token could deliver DOGE-like growth patterns.
On-chain data reveals a surge in whale activity during recent price dips. Large holders have accumulated more than 14 billion PENGU tokens in the past week.
Inflows totaling nearly $12 million this week suggest growing institutional interest in the token. The $0.040 area appears to be the most logical price target if the uptrend continues.
This would represent a 13% upside potential from current price levels. The token remains above the 200-period exponential moving average on lower timeframes.
Trader Theory views PENGU as a proxy investment for fans of the Pudgy brand. As NFT prices continue rising, the token offers a more accessible entry point for speculators.
PENGU’s community engagement metrics show strong growth. The project’s social media footprint now averages nearly 1 billion daily views on X.
The holder count has grown to over 567,000 addresses. The token includes a built-in burn mechanism through the PSG1 Console.
Pudgy Penguins price currently trades at $0.035 with analysts watching the $0.031 support level closely for any breakdown signals.
