{"id":24172,"date":"2025-12-12T09:53:15","date_gmt":"2025-12-12T09:53:15","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=24172"},"modified":"2025-12-12T09:53:16","modified_gmt":"2025-12-12T09:53:16","slug":"are-whales-buying-dip-pengu-ready-kickstart-its-bull-run","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/are-whales-buying-dip-pengu-ready-kickstart-its-bull-run\/","title":{"rendered":"Are whales buying the dip: Is PENGU ready to kickstart its bull run?"},"content":{"rendered":"\n

On-Chain Data Contradicts Bearish Sentiment<\/h2>\n\n\n\n

The blockchain metrics for PENGU<\/strong> tell a different story from the price action. Addresses holding more than 100,000 tokens<\/a><\/strong> increased their positions by 8%<\/strong> during the correction. This accumulation by whales<\/strong> comes as retail holders capitulate in the face of selling pressure.<\/p>\n\n\n\n

The number of transactions exceeding $10,000<\/strong> surged by 23%<\/strong> during the period, while trading volume on centralized platforms remained moderate. This divergence indicates that institutional players<\/strong> are primarily operating through OTC transactions to avoid driving up the price during their accumulation phase.<\/p>\n\n\n\n

Exchanges are also recording net outflows of PENGU tokens to cold storage wallets. More than 15 million tokens<\/strong> left trading platforms within 48 hours<\/strong>, a technical signal traditionally interpreted as bullish<\/strong>, as it reduces the selling pressure available on the market<\/a>.<\/p>\n\n\n

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\"PENGU
Source: CoinGlass<\/figcaption><\/figure>\n<\/div>\n\n\n

Technical Analysis and Key Levels to Monitor<\/h2>\n\n\n\n

PENGU’s price is currently testing a major support at $0.028<\/strong>, corresponding to the 200-day EMA<\/strong>, which became support after November’s breakout. Consolidation above this level could mark the end of the correction. Indicators remain mixed: the 14-day RSI at 32<\/strong> signals an oversold zone, while the MACD shows bullish divergence<\/strong>, suggesting a potential reversal.<\/p>\n\n\n\n

The order book highlights a buy wall between $0.025 and $0.027<\/strong>, an area where defensive bids are concentrated. On the upside, the first key resistance sits at $0.034<\/strong>; a move above would invalidate the short-term bearish scenario. This technical structure shows that selling pressure could ease if buyers maintain control of the current support.<\/p>\n\n\n\n

Despite the volatility, the Pudgy Penguins<\/strong> ecosystem continues to strengthen. Several strategic partnerships<\/strong> have been announced, while the NFT<\/a> collection maintains a stable floor price on OpenSea. The team is developing an ambitious roadmap<\/strong> including expansion into the metaverse and new utilities<\/strong> for holders. With a community of over 300,000 members<\/strong>, the project has a solid foundation that supports confidence among long-term investors<\/strong>.<\/p>\n\n\n\n

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$PENGU<\/a> Is ready for a send higher, with fed rate cuts volatility will be flowing in.

I'm well positioned here, are you? pic.twitter.com\/y5xWJORT9o<\/a><\/p>— Fyre (@fyrechartz) December 11, 2025<\/a><\/blockquote>