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.