The Solana-based meme coin, Pudgy Penguins (PENGU), experienced a significant price surge over the weekend, climbing by a remarkable 31%. This explosive rally was ignited by a high-profile social media endorsement from TRON founder Justin Sun.
Sun's single post, which featured a cartoon penguin playfully styled to resemble himself wearing a TRON shirt, immediately captured widespread attention. His caption, "OK. Everyone has become a penguin," resonated strongly within the Pudgy Penguins community. The project's official account swiftly reciprocated, replying, "Everyone will Huddle," and welcoming Sun into the fold with a fitting meme.
This viral exchange proved to be a powerful catalyst, fueling renewed hype around PENGU and driving fresh momentum and market speculation. The surge also reinforces recent optimistic analyses, including comments from on-chain analyst Ali, who recently characterized Pudgy Penguins as possessing stronger fundamentals than most meme coins. Ali has even projected that PENGU could reach $0.060 by August, provided that favorable regulatory conditions materialize.
That ambitious projection is largely contingent on the ongoing developments surrounding the U.S. SEC’s pending decision regarding the Canary Spot PENGU ETF. The agency formally acknowledged the ETF filing last week, a critical step that independently spurred a more than 23% spike in PENGU's price, propelling it to a multi-month high even before Sun's influential endorsement. The combination of strong community engagement, strategic brand expansion, and growing institutional interest continues to position PENGU as a standout performer in the competitive meme coin landscape.
July 2025, Cryptoniteuae