$PENGU is moving fast, but the real test is still ahead.
The token jumped over 14% as attention around the Pengu Minibot and Korea Blockchain Week pushed activity higher. Spot volume also expanded, showing this move wasn’t simply coming from a quiet market.
PENGU even flipped TRUMP to become the largest Solana memecoin by market cap during the move. At the same time, Open Interest jumped sharply, while short liquidations dominated the recent squeeze.
Now all eyes are on $0.012. That level has rejected previous recovery attempts, so a clean weekly close above it could change the structure and put $0.0225 into focus next.
But if $0.012 rejects again, this rally could quickly turn into a deeper pullback.
The token jumped over 14% as attention around the Pengu Minibot and Korea Blockchain Week pushed activity higher. Spot volume also expanded, showing this move wasn’t simply coming from a quiet market.
PENGU even flipped TRUMP to become the largest Solana memecoin by market cap during the move. At the same time, Open Interest jumped sharply, while short liquidations dominated the recent squeeze.
Now all eyes are on $0.012. That level has rejected previous recovery attempts, so a clean weekly close above it could change the structure and put $0.0225 into focus next.
But if $0.012 rejects again, this rally could quickly turn into a deeper pullback.
