PENGU Explodes: The Meme Myth on Solana is Soaring!

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Pudgy Penguins [PENGU] has rapidly become a star memecoin on the Solana blockchain, with its market cap skyrocketing to $2.32 billion, a daily increase of 41.28%, and a price reaching $0.0371, surpassing WIF, which has a market cap of $2.07 billion. This swift turnaround highlights PENGU's influence in the memecoin world and the enthusiastic support from new investors.

Breakout Pattern Ignites Upside Potential

PENGU has broken through a key descending triangle pattern, presenting strong bullish signals. The current support level is $0.028392, with a predicted price potentially climbing to $0.044073 or $0.054105. As market enthusiasm heats up, speculative buying continues to flow in, pushing its price closer to historical highs.

Large Holder Base Solidifies Market Confidence

The number of PENGU holders has reached 511,180, far exceeding WIF's 213,654, demonstrating its stable community base and high participation. The airdrop event attracted over 1.1 million addresses, of which 91% have completed their claims. Despite 74% of the airdropped tokens being quickly sold, 16% of users chose to hold long-term, with circulating supply reaching 70%, which may boost prices in the short term due to supply scarcity.

Web3 Potential and Market Sentiment Bullish

PENGU's ecosystem integrates EVM with Solana, further solidifying its position as a Web3 cultural asset. Although airdrop sell-offs bring short-term pressure, market sentiment remains optimistic, and prices may continue to rise in the coming weeks, attracting more investors to enter the market.

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