The crypto market has been on fire over the past week, and Pudgy Penguins (PENGU) has become one of the biggest winners.
Up over 200% from this time last month and 90% in the past week alone, PENGU currently sits at $0.029.
With Bitcoin now smashing $123,000 and crypto prices exploding across the board, can this penguin-themed token continue rallying to $0.10, or could new Solana meme coins like Snorter net even bigger gains?
PENGU’s 90% Surge Makes it Top Meme Coin Gainer
PENGU just can’t stop rising, sitting around $0.028 after a 22% pop in the last 24 hours.
Its market cap has ballooned to $1.8 billion, with daily spot trading volume hitting $2.4 billion. That’s a 228% jump from the day before.
Open interest has hit $265 million, showing that traders are backing this rally with serious money. The big spark was something most meme coins can only wish for: regulatory progress.
Last week, the SEC acknowledged Canary Capital’s filing for a PENGU spot ETF, which would allocate 80-95% of its assets to PENGU tokens and 5-15% to Pudgy Penguins NFTs.
For a meme coin, this kind of official attention is practically unicorn territory, and it kicked off a buying frenzy right away.
Around the same time, Hyperliquid also added PENGU to its listings. Then, Coinbase and Binance U.S. both swapped their profile pics to Pudgy Penguins avatars.
PENGU Price Prediction – Can It Reach $0.10?
The $0.10 level is still a huge stretch from where we are now. PENGU’s all-time high was just $0.032, so hitting $0.10 would mean more than tripling that peak.
At $0.10, PENGU would have a fully diluted market cap of $8.8 billion, flipping SHIB to become the second-largest meme coin.
What could get it there? For starters, if the SEC approves that spot ETF, it could open the floodgates for institutional cash – just look at how Bitcoin and Ethereum took off after their ETFs launched.
Don’t sleep on the PENGU ecosystem either. The upcoming Pudgy World metaverse could create genuine demand for PENGU beyond speculation, transforming it into a practical asset.
And if NFTs start seeing demand again, rising floor prices for Pudgy Penguins NFTs would boost the whole brand (PENGU included).
So, although reaching $0.10 would require a perfect storm of catalysts, PENGU’s meme vibes, NFT ties, and SEC recognition give it a real shot.
Why Traders Believe Snorter Could Post Bigger Gains Than PENGU
Pudgy Penguins’ run has been impressive, but in the meme coin space, once everyone’s talking about a token, the biggest gains are often already gone.
That’s why smart investors are shifting their focus to new coins like Snorter (SNORT), which is going viral for more than just social media buzz.
What sets Snorter apart is that it’s packing real utility with a Telegram-based trading bot that lets you snipe new token launches and copy winning trades.
Alongside that bot, Snorter’s team offers staking rewards of 208% APY, which are available during the project’s ongoing presale. They’ve even got verified audits confirming SNORT is free from vulnerabilities.
The project’s presale has already raised over $1.6 million, with tokens going for just $0.0981 during the current stage. But that price will only last for one more day before rising.
The timing of Snorter’s emergence couldn’t be better. PENGU’s rally has brought attention to Solana’s meme coin space again, and SNORT runs on the same chain with those same fast, cheap transactions.
Plus, as everyone gets excited about PENGU’s ETF potential, they’re looking for ways to capitalize on the volatility – and Snorter’s trading bot is built for exactly that.
YouTuber Crypto Gains pointed out that the more people use the bot, the bigger the demand for SNORT will be.
So, with PENGU already making headlines, SNORT could be positioning itself as the next big meme coin opportunity.
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