Its recent listing on the Upbit exchange and rising popularity among Solana meme coins have been the main drivers for this leg up. This sudden flurry of purchases has sent PENGU nearly to the $0.021 resistance line. It has had a very hard time getting above this line since February. Furthermore, the cryptocurrency’s trading volume and market capitalization have experienced tremendous growth, indicating rising investor optimism.
The price of PENGU at press time $0.014 per coin. The rally has been fed by increasing speculation among Solana-based meme coins.
PENGU’s 24-hour trading volume almost doubled to $500 million on its 10 th day. Its market cap has now soared to $972 million, bringing it within spitting distance of the $1 billion mark. The Aroon Up indicator for PENGU is currently very good, reaching 92.86%. At the same time, the Aroon Down indicator is printing at 28.57%, as an upward trend remains well-established.
Transaction activity for PENGU has ramped up tremendously. Sales counts have increased by 200% up to 24, with the number of buyers increasing a staggering 320% up to 21. After the recent price action, the Supertrend indicator for PENGU has flipped green, confirming that the bullish trend is in fact continuing.
PENGU’s most recent performance increased due to its addition on Upbit. This South Korean, tier-1 cryptocurrency exchange was instrumental in increasing its prominence and trading volume. PENGU is newly registered on Upbit’s spot trading platform.
The wider Solana meme coin economy, of which PENGU is a part, has been on an upward trajectory thanks to bullish market sentiment. The overall sector jumped 28.7% in market cap just over the last day, topping $12.1 billion.

Rohan Prasad
Crypto Feature Editor
Rohan Prasad delivers engaging, community-driven stories on crypto events, blending firsthand experience with expert commentary. Known for connecting with people across the ecosystem, he makes complex DeFi happenings accessible and fun. Outside of work, Rohan enjoys indie music and trekking in the Western Ghats.
Related

Cristiano Ronaldo and Binance Launch "Forever to the Moon" NFT Collection
Crypto exchange Binance and soccer star Cristiano Ronaldo have released “Forever to the Moon,” the sixth edition of their ongoing digital collectible partnership. This collaboration aims to bring the soccer superstar closer to his millions of fans and supporters via cutting-edge Web3 technology. Continuing the momentum of five prior successful...

ToiletDust Set to Launch NFT Collection and Brand in July
ToiletDust will launch its disruptive new NFT collection and brand at DIFC, Dubai, UAE. The minting will occur this July. This Web3-focused rollout represents an important and promising first step into the space from a major company. The purpose behind the collaborative launch is to combine the digital realm of...

Binance and Cristiano Ronaldo Launch "Forever to the Moon" NFT Collection
Binance and Cristiano Ronaldo, soccer’s biggest star, announced that “Forever to the Moon,” a Cristiano Ronaldo-inspired collection of digital collectibles, is now available. This collaboration is the sixth release in their long-standing collaboration. Collectively, they’re combining Web3 tech with the sports industry to turbocharge fan engagement. The special collection hopes...