Pudgy Penguins ($PENGU) surged 5% to $0.0368 after its listing on Robinhood's advanced trading platform, Robinhood Legend, enhancing accessibility for investors. This development contributed to a 52% monthly increase in Robinhood Legend Pudgy Penguins NFT floor prices and solidified PENGU as Solana's largest token with a $2.2 billion market cap and over 567,000 holders.
Canary Capital submitted a PENGU ETF application to the SEC – potentially the first meme coin ETF – which is now under review. Concurrently, whales accumulated 14 billion tokens during recent dips, signaling long-term confidence despite $5.6 million in insider sales. Technical charts show a double-top pattern with bearish implications targeting $0.024, though current price hovers near the 20-period SMA at $0.0368 amid low volume and tentative MACD bullish signals.
The ecosystem expands through 'Pengu Clash' on The Open Network, 'Pudgy Records' music label, Walmart toy distribution, and a partnership with Disney licensee Suplay Inc. for Asian merchandise. Upcoming releases include the 'Pudgy Party' mobile game with Mythical Games in August 2025, while collaborations with NASCAR, Lufthansa, and a YouTube series aim to broaden mainstream appeal.
Analysts forecast a potential 70% rally toward $0.12, citing strong support at $0.032 and institutional inflows of $12 million. Resistance awaits at $0.038-$0.039, requiring sustained volume for bullish confirmation.
