Justin Sun Joins the Huddle as Pudgy Penguins (PENGU) Soars 31%

In Brief:

PENGU jumped 31% after Tron founder Justin Sun posted fan art and publicly endorsed the token on X.

Analysts expect more upside, especially with ETF speculation and bullish momentum building toward its all-time high.

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Solana meme coin Pudgy Penguins (PENGU) surged 31% after TRON founder Justin Sun posted a cartoon of himself styled as a penguin, wearing a TRON shirt, with the caption: “Everyone has become a penguin.” The viral moment was picked up by the official Pudgy Penguins account and the broader crypto community, further boosting interest in the token.

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The rally comes as Pudgy Penguins gains traction in the memecoin sector, supported by analyst commentary highlighting “real fundamentals” compared to other hype-driven tokens. On-chain analyst Ali even suggested that PENGU is in a “once-in-a-lifetime” setup, targeting a short-term price of $0.060, pending approval of a spot PENGU ETF filed by Canary.

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Technical indicators back the bullish momentum. PENGU is currently approaching key resistance at $0.044. A daily close above this level could pave the way to retest its all-time high of $0.07—a potential 130% gain from current prices.

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Meanwhile, Justin Sun also revealed plans to reduce TRON network fees by optimizing energy rental mechanisms and implementing new staking-based incentives via JustLend. His efforts come as part of a broader push to keep TRON competitive in an increasingly fee-conscious market.

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