Schlagwort: crypto business

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Striking similarities between current Pudgy Penguins trajectory and PEPE’s past breakout

  • Pudgy Penguins (PENGU) price has surged by 70% amid ETF filing and Revolut listing.
  • A renowned analyst has compared PENGU’s breakout to PEPE’s past rally.
  • Strong support and rising volume signal bullish momentum for PENGU.

Pudgy Penguins (PENGU) is capturing the attention of crypto traders after an explosive move that echoes PEPE’s iconic breakout last year.

In just one week, PENGU surged more than 70%, climbing to a two-month high of $0.0163 and overtaking established meme tokens like WIF, FLOKI, and BRETT in market cap rankings.

This unexpected rise, now positioning PENGU as the eighth-largest meme coin and 94th overall by market cap, is drawing comparisons to PEPE’s historic ascent that turned heads across the crypto community.

PENGU ETF filing fueling the surge

The main catalyst behind PENGU’s sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins.

On June 25, 2025, the Cboe BZX Exchange submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), seeking approval for a first-of-its-kind hybrid ETF backed by Canary Capital.

The proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remaining balance in Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles.

If approved, this would be the first American ETF to hold actual NFTs along with a meme coin, a structure that opens the door for institutional access to the NFT-backed meme economy.

Investor sentiment turned sharply bullish after the announcement, with rising trading volume and social media buzz reflecting growing confidence in PENGU’s long-term potential.

Fintech giant Revolut has listed Pudgy Penguins (PENGU)

Adding to the momentum, fintech giant Revolut listed PENGU on its trading platform, allowing millions of retail users globally access to the asset.

This integration gave PENGU a new level of accessibility and credibility, reinforcing its status as more than just a fleeting meme trend.

The listing’s timing, aligned with the ETF news, created a perfect storm of exposure and utility that rapidly boosted demand and liquidity.

Strong technicals back the bullish sentiment

Technical indicators further support PENGU’s upward trajectory, signalling sustained bullish pressure in recent sessions.

Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range.

A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even projecting a run toward $0.044, a potential 200% increase.

The Chaikin Money Flow (CMF) indicator registers a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally.

Meanwhile, accumulation indicators like A/D show sustained interest on dips, and rising volume suggests that buyers are firmly in control of the market.

History may be repeating itself

Market analyst Ali Martinez has drawn a compelling comparison between PENGU and PEPE’s breakout pattern from last year.

According to Martinez, PENGU’s current structure mirrors PEPE’s pre-rally phase, and a daily close above the $0.015–$0.017 zone could unleash a similar vertical move.

Despite its recent strength, PENGU is still down 77.6% from its December 2024 all-time high of $0.06845, offering significant room for recovery if momentum continues.

At the same time, the token has rebounded 312% from its April 2025 low of $0.003715, suggesting a foundational base has been established.

If history repeats itself, as it did with PEPE, then Pudgy Penguins (PENGU) might soon find itself at the forefront of the next meme coin frenzy — this time with deeper institutional roots and a hybrid structure that sets it apart.

The post Striking similarities between current Pudgy Penguins trajectory and PEPE’s past breakout appeared first on CoinJournal.

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Fartcoin breaks past $1 as Solana ETF launch ignites a memecoin rally

  • Fartcoin has soared past $1 with over 9% daily gain as Solana memecoins rally.
  • Solana meme coins are rallying on the recent Solana ETF launch.
  • Bitcoin has also topped $110K, boosting market-wide momentum.

Fartcoin has officially broken through the critical $1 mark, riding a wave of renewed optimism in the Solana meme coin sector.

The memecoin has soared to a weekly high of $1.27, recording a notable 9% gain within 24 hours and confirming its place among the top-performing meme coins of the week.

With trading volume exploding to over $517 million, investors appear increasingly convinced that this is more than just a short-term pump.

Solana memecoins take centre stage

Fartcoin’s bounceback comes at a time when the broader Solana meme coin ecosystem is capturing market attention in a major way.

Tokens like Bonk, SPX6900, and Dogwifhat have also seen sharp double-digit gains, signalling renewed speculative confidence in high-beta bets tied to Solana’s rising profile.

Fartcoin’s recent performance is particularly striking, given its massive ascent from an all-time low of just $0.02003 in October 2024 to current levels above $1.20.

This represents a jaw-dropping 6,000% gain in under nine months, positioning Fartcoin as one of the most explosive assets of this cycle.

What makes this surge even more compelling is its timing. The move coincides with the debut of the first Solana staking ETF, REXShares’ SOL ETF, which opened with an impressive $33 million in first-day volume, well above the typical ETF launch.

Solana ETF momentum fuels market speculation

The successful launch of the Solana ETF has reignited institutional interest in the SOL ecosystem, with CME futures open interest surging to a record $167 million.

Analysts from JPMorgan now project that spot Solana ETFs, once approved, could attract between $3 billion and $6 billion in inflows within their first year.

These developments have acted as a major catalyst for Solana-based meme coins, which often move in exaggerated tandem with SOL’s price.

Fartcoin, viewed as a proxy for high-risk meme coin enthusiasm, has seen an outsized benefit from this growing interest in Solana-linked assets.

With the SOL price climbing to $153 and likely to push higher, Fartcoin appears poised to test the next resistance levels at $1.22 and $1.28.

Technical indicators suggest strong momentum, and with support established around $1.13, the path upward remains open.

Bitcoin adds fuel to the fire

Meanwhile, the entire crypto market has been energised by Bitcoin’s rally past the $110,000 mark.

On the back of $407 million in ETF inflows in a single day, BTC now trades just 2% below its all-time high and appears on course to test the $112,000 level this week.

This broad-based bullish sentiment has spilled over into altcoins and meme coins alike.

The CoinDesk Memecoin Index jumped 12.6% in 24 hours, while the CoinDesk 20 Index posted a 4.3% rise, reflecting widespread risk-on behaviour.

As retail traders flood back into the market, meme coins are seeing a resurgence not just as jokes but as vehicles for aggressive speculation.

Fartcoin, Bonk, and others are becoming key barometers of sentiment in a rapidly heating market.

Fartcoin price forecast points to a bigger breakout

According to technical analysis, Fartcoin is attempting to break through a key resistance zone between $1.24 and $1.40, which could unlock the next leg of its rally.

Traders are closely watching whether the token can maintain its current momentum and build enough pressure to make a sustained move beyond these levels.

If broader market sentiment holds and Solana continues to draw institutional capital, Fartcoin may well ride this rally to new heights.

 

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Dogwifhat up 20% in 7 days as Solana meme coin regains momentum

  • Dogwihat’s all-time high of $4.85 was hit in March 2024.
  • 2025 price forecasts range from $1.17 to $3.65.
  • Solana ecosystem interest helps boost WIF’s appeal.

Dogwifhat (WIF), a meme coin operating on the Solana blockchain, is regaining traction after a seven-day rally that pushed its price up by more than 20%.

Currently trading at $0.92322, WIF has seen renewed interest from retail traders and meme coin enthusiasts, helping it reach a market capitalisation of $931.21 million.

The token now ranks 75th among all cryptocurrencies by market cap.

Dogwifhat price
Source: CoinMarketCap

The gains follow a relatively quiet period after WIF hit its all-time high of $4.85 on 31 March 2024.

The coin’s lowest recorded price was $0.00002344, in November 21, 2023.

With this recent surge, WIF is once again being discussed as a possible contender for further upside if the anticipated altcoin season materialises later this year.

Market data shows rising investor confidence

WIF’s current circulating supply is 998.84 million tokens, with a trading volume of $729.81 million.

These figures suggest high liquidity and increasing trading interest in the asset.

The price movement has occurred in tandem with a broader rally in Solana-based assets, many of which have benefited from growing interest in the Solana ecosystem as a faster, cheaper alternative to Ethereum for hosting tokens and dApps.

The surge has sparked renewed debate in the cryptocurrency space about whether meme coins, particularly those backed by active communities and high trading volumes, can hold long-term value or are simply speculative assets.

While Dogwifhat lacks utility-based features seen in some DeFi or Layer 2 tokens, its recent growth underscores the continued demand for meme coins.

Forecasts vary between $1.17 and $3.65 for 2025

According to projections, Dogwifhat could reach an annual high of $3.65 in 2025, if bullish sentiment in the crypto market continues and regulatory risks remain low.

On the downside, analysts suggest that the token could fall to $1.17 under adverse conditions, such as a market correction or the introduction of stricter crypto regulations.

The expected average price for WIF in 2025 is around $2.41, although this remains speculative and highly dependent on broader market trends, sentiment, and the performance of other Solana-based assets.

Much of the optimism is tied to the potential for another altcoin season, during which meme coins tend to outperform, particularly in high-liquidity trading environments.

Community-driven tokens continue to influence the market

Dogwifhat’s market performance highlights the growing role of community-driven tokens in shaping cryptocurrency price movements.

Meme coins like WIF often gain momentum based on social media attention, trading volume surges, and listing on popular exchanges.

Their volatility, while high, is increasingly being seen as a feature rather than a bug by retail traders who prefer high-risk, high-reward opportunities.

The rise of Dogwifhat also reflects the influence of the Solana ecosystem, which has seen increased adoption due to its low transaction fees and high throughput.

WIF’s gains parallel a broader trend of Solana-based tokens outperforming the market during short-term rallies, often fueled by speculative enthusiasm and the network’s growing developer community.

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IOTA price signals demand near $0.17 amid latest gains

  • IOTA is trading above $0.16, poised above the key level and likely to continue higher.
  • However, the token remains within a broader descending triangle.
  • A break above $0.17 will signal further gains, but a dip will bring $0.14 into play.

The IOTA token’s price has surged by about 8% in the past 24 hours to break above the $0.16 level amid fresh bullish momentum across the crypto market.

Per CoinMarketCap, IOTA’s daily trading volume has spiked by 55% to over $17.3 million, signalling potential demand for the token.

Significantly, this upward movement aligns with a broader rally across the altcoin market, which could mean a new leg up for the IOTA price.

IOTA bulls mirror top altcoins

As noted, the cryptocurrency market has witnessed a notable altcoin rally, and IOTA is among the top performers.

Over the past 24 hours, IOTA’s price has climbed to around $0.17, rising to levels seen on June 17, 2025.

IOTA’s 8% gain nonetheless outperformed most of the top 10 altcoins, signalling strong market confidence in its near-term potential.

In comparison, leading altcoins have posted between 4% and 8% in 24-hour gains.

Ethereum rose 6% to trade near $2,600 on Wednesday, while Solana (SOL) gained 4% to reach $156. XRP also advanced 4%, climbing to $2.28.

Dogecoin was up 8% at $0.17, and Cardano rose 8.5%, trading above $0.60. Sui was among the top performers with a spike of over 11%.

Gains for IOTA come amid the blockchain platform’s introduction of the toolkit IOTA Notarization.

This toolkit leverages the IOTA network’s Rebased upgrade, reducing transaction fees to 0.005 IOTA and enabling scalable, tamper-proof data recording.

It contrasts with traditional blockchain notarization, which sees costs of $0.05-$1.00 per record.

“IOTA Notarization is not here to replace your current databases or cloud tools. Those are still essential for internal operations and privacy,” said Lautaro Giambroni, product engineer at IOTA. “What we offer is a public, verifiable layer of trust when data needs to be shared across companies or regulators,” he added.

IOTA price forecast

IOTA’s price has broken above the $0.16 level and is now testing resistance near $0.17.

This move positions the token above a key support zone, with market participants eyeing further upside.

A decisive break above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher.

However, IOTA remains within a broader descending wedge pattern on higher time frames.

IOTA price chart by TradingView

The weekly chart has the Relative Strength Index (RSI) currently approaching neutral territory, sitting at around 44, which indicates likely buying momentum.

However, the Moving Average Convergence Divergence (MACD) shows a recent bearish crossover, with the MACD line moving below the signal line to suggest continued downside pressure.

The descending triangle pattern implies that a failure to break $0.17 could see IOTA retest lower support near $0.14.

On the flipside, upside price action could bring $0.22 and $0.31 into the bulls’ view.

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ETH price prediction: Ether eyes $2,879 as technical indicators switch bullish

Key takeaways

  • Ether is up by more than 6% in the last 24 hours and briefly hit the $2,600 mark.
  • The cryptocurrency could rally towards $2,900 amid strong technicals.

ETH surges 6% to hit $2,600

Ether (ETH), the second-largest cryptocurrency by market cap, is one of the top performers among the top 10 cryptocurrencies. The coin added more than 6% to its value in the last 24 hours and now trades at $2,598 per coin.

The positive performance comes amid a strong recovery by the broader crypto market. Bitcoin is heading towards the $110k mark after adding 3% to its value. Dogecoin and Cardano are also up 7% and 6% respectively in the last 24 hours, while XRP, TRX, and BNB are also in the green.

Ether’s rally can be attributed to increasing interest from institutional investors. Data obtained from Glassnode shows that 106,000 ETH coins flowed into spot Ether exchange-traded funds (ETFs) last week, indicating strong institutional demand.

ETH could rally towards $2,900 soon

The ETH/USD 4-hour chart is bullish but inefficient, suggesting that there is a transfer of money about to take place on the lower timeframe. The technical indicators are bullish, suggesting buying pressure on Ether.

The coin has been trading between the 50-day simple moving average (SMA) ($2,528) and the horizontal support at $2,323 in the last few days. Both MACD lines are within the positive region, suggesting a strong bullish bias. Furthermore, the RSI of 66 shows that ETH is currently entering the overbought zone.

ETH/USD 4H chart

Ether could likely dip to $2,530 to become efficient on the 4-hour timeframe, allowing it to rally higher. If the bulls remain in control, Ether could rally towards the first major resistance level at $2,738. The coin could test the next major resistance level at $2,879 if the bullish bias extends longer.

However, if the bulls become exhausted before hitting any of the above-mentioned levels, the bears will try to pull the pair below the $2,323 support. Failure to defend this level could see the pair plunge to the next major support level at $2,111.

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