Crypto analysts are increasingly bullish on Pudgy Penguins’ native token, PENGU, as on-chain data reveals it is currently the most purchased meme coin on the Solana blockchain. This surge in buying activity has fueled optimism that another major rally could be imminent.
Market analyst Vespamatic identified a repeating fractal pattern similar to those that preceded previous PENGU price surges earlier this year, suggesting the token is now in an “accumulation phase.” Similarly, well-known expert Ali Martinez described the current trend as a textbook fractal replay, implying a potential repetition of prior bullish price action.
Other analysts, including MuroCrypto and Exy, agree that PENGU remains strong on higher time frames. They believe the token could soon reclaim its all-time high, mirroring its May 2025 market structure. A previous report even compared PENGU’s trajectory to PEPE’s breakout, noting that a similar path could send the token to as high as $0.24.
Despite the excitement, analysts caution that meme coins remain highly volatile, and any sustained rally will depend heavily on broader market sentiment.
Adding to its momentum, PENGU was recently listed on Robinhood alongside BONK, PNUT, and XLM, signaling increased mainstream exposure. On-chain tracker Stalkchain confirmed that “smart money” investors have made PENGU the most-bought memecoin on Solana over the last 24 hours, even as overall meme coin volume saw a temporary slowdown.
Meanwhile, the Pudgy Penguins ecosystem continues to expand beyond trading. Its mobile Web3 game Pudgy Party has surpassed 750,000 downloads across iOS and Android, while Nasdaq-listed BTCS Inc. recently purchased three Pudgy Penguins NFTs, underscoring growing institutional confidence in the brand.
With strong community backing, rising investor interest, and ecosystem growth, many experts believe PENGU could be gearing up for its next big breakout in the crypto market.
Comment 0