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The Pudgy Penguins price dropped 2% in the last 24 hours to trade at $0.009507 as of 4:58 a.m. EST on trading volume that surged 24% to $133 million.
The decrease in the PENGU price comes despite Cboe BZX exchange filing Form 19b-4 with the US Securities and Exchange Commission (SEC) seeking to list and trade shares of the Canary PENGU ETF. This follows the filing of Form S-1 by Canary Capital to offer a spot ETF for the Solana meme coin, Pudgy Penguins.
The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF
— Eric Balchunas (@EricBalchunas) June 25, 2025
The ETF filing is expected to pave the way for broader adoption of digital assets, potentially driving PENGU’s price into a sustained upward trend.
Pudgy Penguins Price Gearing Up Towards A Breakout
After a sustained uptrend that culminated from late April into May, the PENGU price has been under continued downtrend pressure, trading within a falling wedge pattern.
The wedge is converging towards its apex within the upper boundary, which shows that the Pudgy Penguins price may be gearing up towards a breakout.
After recovering from below the wedge, PENGU has now crossed the 200 Simple Moving Average (SMA) on the 4-hour chart, a confirmation of the bullish outlook.
However, the Pudgy Penguins price remains below the 50 SMA ($0.01042), now acting as the immediate resistance level, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) is currently reading 51.33, a level that suggests neutral momentum. It’s neither in oversold nor overbought territory, implying that there is room for the price to move in either direction. However, this, combined with the wedge formation, leans slightly toward potential bullish movement.
PENGU Price Prediction
A breakout above the upper resistance of the wedge and the 200 SMA could quickly drive PENGU toward the $0.011–$0.012 resistance zone, which corresponds to prior support-turned-resistance levels and previous swing highs.
On the downside, a rejection at the wedge’s upper boundary and a breakdown below the lower trendline could push the Pudgy Penguins price back to test the $0.008–$0.0082 range.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 56.9K subscribers, SNORT could soar 100X on launch.
Snorter Token Blasts Past $1.2M In Fast-Growing Crypto Presale – Next 100X Crypto?
Snorter Token is a new Solana-based meme coin that has already raised $1.29 million in its ongoing presale.
The project blends lightning-fast swaps and low fees with a meme coin twist. Thus, it brings a fresh take to a space often dominated by complexity.
Unlike browser-based tools, Snorter runs directly within Telegram, enabling users to perform sub-second swaps, automate sniping, and track portfolios in real-time.
Snorter Bot also brings powerful tools like copy trading, limit orders, and scheduled buys. These features give traders more ways to manage their portfolios.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Went outside. Touched grass. Immediately hated it. Back to the chaos. pic.twitter.com/XgGz1f7cCE
— Snorter (@SnorterToken) May 19, 2025
Snorter Bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 256%, which decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0963. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in approximately 24 hours.
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