Pudgy Penguins (PENGU) is staging an impressive recovery, climbing over 13.5% in the past 24 hours to trade near $0.025, according to CoinMarketCap. On-chain analytics platform Nansen attributes this surge to a mix of smart money inflows, whale accumulation, and growing exchange outflows, signaling renewed investor confidence after last week’s sharp correction.
1. Smart Money Inflows Surge 6.3x Above Average
Nansen reports that “smart money” wallets, typically managed by professional or high-performing traders, have increased their inflows into PENGU over six times the average level. This suggests institutional-style buying activity, often a leading indicator of sustained strength after volatility events.
2. Whales Are Accumulating Again
Large investors, or “whales,” are actively buying the dip, with several high-value wallets adding to positions throughout the weekend. This behavior reflects conviction that the worst of the selloff has passed and that PENGU’s fundamentals remain strong despite market turbulence.
3. Exchanges Seeing Net Outflows
Nansen data shows a wave of exchange withdrawals, meaning more tokens are being moved off trading platforms and into private wallets. Historically, such outflows suggest reduced selling pressure and growing investor confidence in holding PENGU for the long term.
Why is $PENGU pumping?
🤓 Smart Money inflows 6.3x above avg.
🐳 Whales buying.
🏦 Exchanges seeing net outflows.
🔝 Top holders not selling.Not a dead cat bounce, onchain shows conviction. pic.twitter.com/QGSsLPkddC
— Nansen 🧭 (@nansen_ai) October 13, 2025
4. Top Holders Aren’t Selling
Unlike many altcoins that face heavy distribution during rebounds, PENGU’s top holders are holding steady, signaling a collective belief in the project’s resilience. This stability among core investors adds to the momentum driving the ongoing price recovery.
Nansen emphasized that this is not a “dead cat bounce,” but a genuine on-chain reversal following the “Black Friday” liquidation cascade on October 10. The event had slashed PENGU’s price by over 50% in a single day before smart money accumulation triggered a classic V-shaped rebound.
With volume up nearly 24% and market cap surpassing $1.58 billion, Pudgy Penguins has emerged as one of the strongest post-crash performers in the market’s ongoing recovery phase.