Pudgy Penguins (PENGU) has recently regained the attention of smart money investors. On‑chain data shows over $457K in new purchases, signaling growing confidence and potential upside for the token.
Smart Money Returns to PENGU
According to Stalkchain, PENGU became the most purchased token by smart money in the last 24 hours. This allows investors to track on‑chain activity and take early positions. Meanwhile, Pudgy Penguins surpassed larger tokens such as JUP and ORE in net buying volume.
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Smart money accumulation increased by 12% over the past three days.
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Institutional-style purchases indicate momentum shifts.
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Investors are seeking opportunities in mid-cap assets.
This wave of accumulation could support PENGU’s potential upside and signal a breakout from local consolidation.
PENGU Stops 3-Month Downtrend
After a three-month decline, PENGU is trading just above its long-term support range of $0.012–$0.013. According to Brave New Coin, the token is currently down 6% intraday at $0.01429, yet its $897M market capitalization provides a solid support level.
Moreover, investors are analyzing smart money inflows to determine whether the trend may reverse. If inflows continue, PENGU could start a new bullish phase soon.
Opportunities and Risks for Investors
Smart money accumulation presents opportunities for experienced investors. However, volatility and market uncertainty should not be ignored. Additionally, similar on-chain accumulation in the past has often led to strong breakout periods. Pudgy Penguins (PENGU) reached an intraday high of $0.01630 and is currently trading at $0.015940. These figures support the token’s bullish trend.
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Smart money purchases signal potential upward movement.
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Mid-cap tokens are attracting investor interest.
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PENGU price remains at a critical support level.
This allows investors to manage risk and plan strategies more effectively.
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