Pudgy Penguins Coin PENGU Outperforms Dogecoin, Shiba Inu With 123% Weekly Gain

The Pudgy Penguins-themed meme coin Pengu (CRYPTO: PENGU) has surged over 123% in the past seven days, becoming one of the best-performing meme coins on the market.

Trader Notes: Pseudonymous trader ‘fuel’ sees the breakout “confirmed” and “a clear road” to a valuation of $1 billion.

Trader ‘BullishBanter’ says Pengu “pulled a god candle” and predicts consolidation below “the old imbalance zone” below 1.8 cents.

Trader ‘Don’ was equally bullish, targeting 2.5 cents as his next take profit before a final target of over 4 cents.

Statistics: Coinglass data shows open interest increased to over $100 million, the highest since February. Trading volume is up by 180% over the past 24 hours and also trading at three-month highs.

Community News: Pudgy Penguins co-founder Luca Netz on Monday retweeted a post by cold storage provider Ledger, which advertised a limited edition Leder with Pudgy Penguins branding.

On Saturday, he called on token holders to create memes and X posts around the brand as part of a promotional campaign. According to a pomotional website, creaters can earn $2 per 1,000 views “making Pengu content.”

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