Pudgy Penguins (PENGU) Soars Over 300% Amid Major Developments

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 22 2026

SOL+0.428%

PENGU+0.429%

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Token Price Surge: Pudgy Penguins' native token PENGU has surged over 300% in the past week, driven by the migration of its NFT collection to Solana, a major airdrop announcement, and growing institutional interest, rapidly elevating its market profile.
Ecosystem Expansion: The strategic move from Ethereum to Solana leverages lower transaction fees and faster confirmation times, laying the groundwork for the upcoming Pudgy World game and Pudgy Toys marketplace, attracting fresh capital inflows.
Exchange Support: PENGU's listings on Binance, Coinbase, and Kraken have significantly enhanced liquidity and credibility, with daily trading volumes exceeding $200 million, indicating strong market demand and institutional backing.
Community Engagement and Marketing: The Pudgy Penguins team has executed viral marketing campaigns on social media, amassing over 500,000 followers, creating a robust community foundation that drives ongoing growth and user engagement.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	44.967	54.504	64.907	74.444	84.847	94.384	104.787
Fibonacci	54.504	62.121	66.827	74.444	82.061	86.767	94.384

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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