Pudgy Penguins (PENGU) saw a massive price jump over the weekend, climbing 31% after TRON founder Justin Sun gave the Solana-based meme coin a high-profile nod on social media.
A single post featuring a cartoon penguin wearing a TRON shirt—styled to resemble Sun himself—was enough to send the token surging on CoinGecko rankings.
“OK. Everyone has become a penguin,” Sun wrote, prompting a warm response from the Pudgy Penguins community. The project’s official account replied, “Everyone will Huddle,” welcoming Sun into the fold with a meme of its own.
This viral exchange fueled renewed hype around PENGU, driving fresh momentum and market speculation. The rally also follows comments from on-chain analyst Ali, who recently described the project as fundamentally stronger than most meme coins and predicted it could reach $0.060 by August—if regulatory conditions align.
That projection hinges on the U.S. SEC’s pending decision regarding the Canary Spot PENGU ETF, a filing the agency acknowledged last week. News of the filing alone helped PENGU spike more than 23%, pushing it to a multi-month high.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pengu-soars-after-justin-sun-joins-the-penguin-party/