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Pudgy Penguins: Whales wager $2.47M on PENGU – Start of a new surge?
Strategic whale investments in Pudgy Penguins [PENGU] have sparked speculation about its potential for a major breakout, as the project’s price surged by 15.35% at press time to reach $0.04062.
As per data provided, whales wagered an astonishing $2.47 million on PENGU over eight days, amassing an unrealized profit of $835,000 through the accumulation of 79.9 million tokens.
This significant whale activity has driven bullish momentum, leading to a break in resistance and a subsequent price target of $0.0699. As the asset’s market sentiment surged by 42.24%, reaching an Open Interest of $236.55 million, it is becoming increasingly clear that institutional investors are growing more confident in PENGU’s prospects.
Market analysts have been left stunned by this sudden shift in sentiment, with many speculating on whether this bold move could signal the beginning of a broader meme token revival.
PENGU’s impressive price action has also garnered attention from traders, who are now closely monitoring the asset for any further signs of exhaustion.
Source: ambcrypto.com
