🐧 PENGU’s Party: Last Call or Just a Bathroom Break? 🍸

by

Pudgy Penguins (PENGU), the Solana-based meme coin that’s been waddling its way to profits, might finally be running out of ice to stand on. 🥶 After a 31% gain over seven days, it’s taken an 11% nosedive in the last 24 hours. Ouch. That’s like tripping on the red carpet after winning “Meme Coin of the Week.”

So, what’s the deal? Is PENGU just catching its breath before another penguin-powered bounce, or is this the beginning of a slippery slope? 🌊 Whales are selling, exchanges are flooding, and momentum indicators are throwing shade. It’s like PENGU showed up to the crypto party, but now everyone’s checking their watches. ⏰

Whales: The Ultimate Party Poopers 🦈

Whales, those big fish in the crypto sea, have been dumping PENGU like it’s last season’s fashion trend. In the last 24 hours, they’ve offloaded another 2.4% of the circulating supply—that’s 152 million tokens worth $6 million. Sure, it’s slower than their usual pace, but it’s still a downward waddle. 🐧⬇️

For more crypto drama and token tea: Subscribe to Editor Harsh Notariya’s Daily Crypto Newsletter here. It’s like gossip, but with charts. 📈

This isn’t a one-night stand, either. Over the past month, whales have ditched 14% of their holdings. That’s like showing up to a potluck and eating all the chips before leaving early. 🍟 And it’s not just the whales—exchange inflows jumped 2.18% in the last 24 hours, bringing the total to 15.79 billion tokens. That’s 336 million PENGUs, worth $13.4 million, heading to exchanges. Someone’s clearly planning a fire sale. 🔥

Chaikin Money Flow: The Mood Ring of Crypto 💍

The Chaikin Money Flow (CMF) is flashing a bearish divergence, which is basically crypto’s way of saying, “I’m not mad, I’m just disappointed.” 😒 While PENGU’s price tried to hit new highs earlier this month, the CMF formed lower highs—a pattern last seen in May. It’s like PENGU’s trying to dance, but its feet keep getting stuck in the rug. 💃🪨

Hanging by a Thread (and a Prayer) 🧵🙏

Technically, PENGU’s price is clinging to $0.037 like it’s the last slice of pizza at a party. 🍕 This level aligns with the 0.236 Fibonacci retracement, drawn from its low of $0.0077 to its all-time high of $0.46. If $0.037 breaks, the next stop is $0.031—the 0.382 Fib level. Bulls are trying to hold the line, but with sell pressure mounting, it’s like trying to stop a toddler from eating cake. 🍰

If PENGU can bounce back and clear its all-time high, the bears might go into hibernation. But let’s be real—with CMF looking gloomy and exchanges flooding, it’s starting to feel like PENGU’s party is winding down. 🎉→🚪

Read More

2025-07-24 22:11