Pudgy Penguins Soar? PENGU Price Prediction Following Robinhood Listing

Pudgy Penguins' native token, PENGU, gains traction with Robinhood listing and ETF buzz. Will it waddle all the way to DOGE levels? A look at the price predictions.

Pudgy Penguins Soar? PENGU Price Prediction Following Robinhood Listing

Pudgy Penguins' PENGU token is making waves! With a recent Robinhood listing and whispers of a potential ETF, can this meme coin waddle its way to the top? Let's dive into the latest buzz surrounding PENGU.

PENGU Hits Robinhood: A New Chapter?

The biggest news? PENGU is now available on Robinhood Legend, Robinhood's advanced trading platform! This opens the door for more active traders to get their hands (or flippers) on the token. And let's not forget the UK expansion of Robinhood, potentially bringing even more trading volume to PENGU.

ETF Hopes: PENGU Eyes Wall Street

But wait, there's more! Canary Capital has thrown its hat in the ring with an application for a PENGU ETF. If the SEC gives the green light, this could be the first meme coin ETF ever, paving the way for Dogecoin and Shiba Inu ETFs. Think of the possibilities!

Price Prediction: To the Moon (or the South Pole)?

So, what does all this mean for the PENGU price? Crypto strategist Olking sees a breakout pattern forming, with a target of $0.12. Some analysts are even dreaming of Dogecoin-like growth! The most recent price action shows PENGU found support at the $0.032 level. If the uptrend continues, the $0.040 area appears to be the most logical price target.

Whale Watching: Big Money Moves In

Keep an eye on the whales! On-chain data reveals that large holders have been accumulating PENGU during recent price dips. Inflows of nearly $12 million this week suggest growing institutional interest. This could be a sign of things to come.

Community and Tokenomics: A Winning Combo?

PENGU isn't just about hype. The project boasts a strong community, averaging nearly 1 billion daily views on X. The holder count is growing, and the token includes a burn mechanism through the PSG1 Console, which systematically reduces the token’s supply.

Final Thoughts: Will PENGU Fly?

The Pudgy Penguins have certainly come a long way since their launch, navigating challenges and emerging stronger. PENGU's launch on Solana, its Robinhood listing, and the potential ETF are major milestones. While comparing it to Dogecoin might be a bit ambitious, PENGU's fundamentals and brand power are undeniable. So, keep your eyes peeled and your flippers ready – this penguin might just surprise us all!