PENGU has climbed 151% in July, a rally driven by accumulation from public figures and whales, community momentum, viral marketing, and expanding liquidity.
The token is currently trading at $0.036955, with a 1.6% daily correction as of press time.
Nicolai Søndergaard, a research analyst at Nansen, stated that public figures have accumulated over the past 90 days and now hold a combined 315 million PENGU, while whale balances have increased by about 1% to 2.54 billion PENGU.
Yet, he noted that smart money has been taking profits, although this cohort still holds 109 million PENGU.
Because the pace of accumulation exceeded the distribution, selling pressure did not derail the rally.
Søndergaard added that a broader pickup in altcoin interest and memecoin activity likely provided a tailwind, with PENGU benefiting from its existing mindshare through physical products and memes.
Community, liquidity, and a cultural niche
Shawn Young, chief analyst at MEXC Research, framed the move in terms of market structure and culture.
He argued that community momentum, viral marketing, and a rising appetite for meme assets in bullish phases supported the advance.
Young added that PENGU taps into a cultural niche that resonates with Gen Z and crypto-native users, utilizing humor and digital identity as core value propositions.
From a trading perspective, greater on-chain activity and deeper liquidity on DEXs and centralized venues have lowered frictions for retail entry and speculation, thereby amplifying flows.
He said PENGU’s relatively low market cap and high volatility continue to attract short‑term traders chasing outsized returns, further reinforcing momentum.
Convering theses
Both analysts point to people and pipes, such as influential holders and community figures accumulating supply, and liquidity/infrastructure that make it easy for retail and speculators to participate.
They also agree that narrative and mindshare matter. Søndergaardr highlighted the “physical product and memes” areas that PENGU taps, while Young noted the “cultural niche and digital identity.”
The analysts pointed out that these intangibles can become hard catalysts when they mobilize capital and attention.
What to watch
Young cautioned that the sustainability of meme‑driven tokens remains untested. Momentum can reverse quickly if narratives fade, liquidity thins, or large holders rotate out.
Søndergaard’s data likewise show that profit‑taking is active, even if it has been offset so far by accumulation.
Going forward, the trajectory of PENGU will likely hinge on whether whale and public‑figure accumulation persists, liquidity continues to expand across venues, and the project sustains its cultural relevance.
The post PENGU jumps 151% in July in a rally driven by viral marketing, whale accumulation appeared first on CryptoSlate.
