- PENGU’s liquidity nears $1 million as market cap reaches $20–25 million, fueled by robust retail speculation.
- Social media campaigns and liquidity rotations on Solana drive volatility, with 24-hour trading volume surpassing $5 million recently.
PENGU continues to trade actively across decentralized exchanges, showing a sharp rise in trading volume and liquidity according to Dexscreener data. The memecoin, built on the Solana blockchain, remains within the top trending assets of the day, reflecting growing speculative activity in meme and micro-cap categories.
🚨 $PENGU (@pudgypenguins) is the most bought memecoin by smart money in the past 24 hours, according to Stalkchain. pic.twitter.com/mYBPkL81Gm
— The Solana Post (@thesolanapost) October 4, 2025
PENGU’s current liquidity stands near $1 million, and its market capitalization is estimated around $20–25 million, supported by a strong retail trading presence and frequent on-chain transactions.
Over the past week, PENGU’s price has fluctuated sharply, reflecting the typical volatility of low-cap tokens. Analysts from Dexscreener and CoinMarketCap attribute this movement to community-driven campaigns on X (formerly Twitter) and Telegram, alongside increased participation from short-term traders chasing liquidity rotations within Solana-based meme coins.
Despite this speculative environment, the token’s 24-hour volume exceeded $5 million, suggesting ongoing attention from active investors.
From a technical perspective, PENGU has established a short-term support level near $0.000045, with resistance around $0.000055–$0.000058. RSI readings indicate overbought conditions following the recent spike, suggesting a potential correction before a stable accumulation range develops.
On-chain data also shows increased wallet distribution, with new holders entering the market, though concentration among top wallets remains high—a key risk for volatility-sensitive traders.
ETHNews prediction: If momentum persists and social media engagement continues, PENGU could retest $0.00006 in the short term. However, failure to hold support near $0.000045 could trigger a pullback toward $0.000038–$0.000040 before buyers return.
