PENGU price prediction is dominating crypto chatter this week after Pudgy Penguins surged over 15% in the past 24 hours, reaching $0.0257. 

The move follows a dramatic 36% spike in daily trading volume, pushing total activity close to $600 million. 

Market cap now sits above $1.6 billion, with analysts tracking momentum as PENGU closes in on its July peak of $0.043. Technical traders believe a confirmed breakout above that level could unlock a run toward new all-time highs before year-end. 

The rally is also fueled by speculation around an upcoming SEC decision on a spot ETF tied to PENGU. Meanwhile, Maxi Doge is gathering its own wave of attention as meme coin traders rotate into new narratives.

Volume and Holders Spike as Community Expands

Over the past week, PENGU crypto has gained over 20%, making it one of the top-performing Solana meme coins. 

The volume-to-market cap ratio has risen to 37%, signaling heightened market activity. Holder count has crossed 544,000, and CoinGecko data shows over 62 billion PENGU tokens now in circulation.

On social media, the Pudgy Penguins brand has exploded. One creator noted that PENGU-related videos racked up over 200 billion views in just 30 days. Global adoption is also growing, with official Pudgy Penguins efforts underway in Thailand and Korea. 

The campaign includes localization of IglooAPAC products and dedicated outreach across Asia. Analysts believe this community strength is helping decouple PENGU from wider Solana weakness.

Technical Breakout Forming as Traders Target $0.045

Chart analysts confirm that PENGU price has broken above a multi-week descending trendline. That move has now turned prior resistance into support around $0.031. 

The first upside target sits at $0.038, but traders say the key zone remains $0.045 to $0.050. Clearing that range would confirm a full breakout and signal room to run.

The RSI currently sits near 51, which is neutral but leaves space for momentum to build. The MACD is flattening out, often a sign of early trend formation. 

One popular analyst on X stated that if bulls hold this level, the chart points toward a classic five-wave structure that could push price toward $0.07. Any slip under $0.031 would weaken the setup and put $0.027 back in play.

Spot ETF Filing Could Drive New Capital Inflows

Much of the current excitement centers on Canary Capital’s application for a spot PENGU ETF, which is under review by the U.S. SEC. 

A decision is expected in mid-October 2025. If approved, the fund would offer indirect exposure to both Pudgy Penguins NFTs and the Solana-based PENGU meme coin.

According to the filing, 80 to 95% of the fund would be allocated to the PENGU token, while 5 to 15% would hold NFT assets. This hybrid structure is attracting attention, particularly as Bloomberg analysts rate the odds of ETF approval as increasingly high. 

Traders are front-running the decision in hopes of institutional inflows similar to those seen in the wake of Bitcoin and Ethereum ETF launches.

Sentiment Turns Risk-On Despite Solana Weakness

What makes this rally notable is its timing. Solana (SOL) has been down roughly 10% in the past month, yet PENGU has surged in isolation, gaining over 20% in the same period. 

This divergence suggests that buyers are rotating out of legacy tokens and into community-led meme assets. It also reflects stronger conviction among Pudgy Penguins holders, many of whom are longtime NFT participants now crossing into DeFi.

Social sentiment on X and Telegram remains high, with several technical analysts calling for continuation. One prominent trader noted that the fifth wave in the current cycle could bring a new high before a macro correction. 

Traders waiting on the sidelines are watching for confirmation above $0.045, a level that capped the July rally.

Maxi Doge Gains Traction as Meme Traders Diversify

As PENGU surges, another meme contender is quietly building momentum. Maxi Doge, a Solana-native meme coin branding itself as a high-voltage, “gym-bro” version of Dogecoin, has captured over $3.5 million in presale funding.

The project combines meme energy with utility features like staking, gamified contests, and event-based rewards. The price of $MAXI currently sits at $0.0002625, with a timer indicating the next price increase is imminent. 

What makes Maxi Doge stand out is the extreme leverage branding, backed by bold messaging such as “No Stop Loss, 1000x Leverage” and illustrated trading rooms filled with frogs, penguins, and pizza. Recent on-chain data shows multiple large buys, including a 1.5 ETH entry valued at over $7,000.

Maxi Doge has also passed audits by SolidProof and Coinsult, adding credibility at an early stage. With community interest rising and traders searching for the next meme narrative, many believe Maxi Doge could benefit directly from the renewed attention on PENGU. If Pudgy Penguins leads this cycle, Maxi Doge could follow closely behind.