Pudgy Penguins [PENGU] May Signal Recovery as Retail Buying Rises, Though Whales Remain Bearish

• Retail resurgence drives PENGU gains as buy volume edges out sell volume 3.2 billion to 3.1 billion in 24 hours.

• Exchange netflow turned negative at -$791k, signaling outflows and reduced selling pressure.

• RSI climbed from oversold 28 to 44, indicating bullish momentum, but whale net selling of 22 million tokens over two days tempers outlook with 572.9 million and 288.35 million sold.

Discover Pudgy Penguins [PENGU] price recovery signals: 25% surge, retail boom, whale caution. Is this memecoin rebound sustainable? Analyze key metrics and expert insights now.

What is driving the recent Pudgy Penguins [PENGU] price recovery?

Pudgy Penguins [PENGU], a prominent memecoin, has experienced a notable price recovery, climbing 25.47% to $0.01221 after successfully defending the critical $0.01 support level. This uptick coincides with a recovering broader cryptocurrency market and is primarily propelled by renewed retail investor interest. Trading volume for PENGU has jumped 153.5% to $333 million, reflecting heightened on-chain activity and spot accumulation.

How are whale activities impacting Pudgy Penguins [PENGU] amid this recovery?

Whale behavior presents a mixed picture for Pudgy Penguins [PENGU], with large holders maintaining bearish tendencies despite the memecoin’s recent gains. Data from CryptoQuant indicates elevated spot average order sizes over the past month, confirming consistent large-scale trades, but Nansen reports that top holders recorded a net negative balance change of -22 million tokens over two consecutive days on November 2nd and 3rd. Specifically, whales sold 572.9 million tokens on the first day while buying 560 million, and on the second day, sales reached 288.35 million against 277 million purchases, highlighting a pattern of profit-taking that could undermine the ongoing recovery if it persists.

PENGU retail buyers stage a comeback

The recent price uptick in Pudgy Penguins [PENGU] was largely fueled by a resurgence in retail buying, as traders returned once the market cooled following broader volatility. This shift is evident in the memecoin’s on-chain metrics, where retail participation has tipped the scales toward accumulation. According to data from Coinalyze, PENGU recorded 3.2 billion in buy volume compared to 3.1 billion in sell volume over the past 24 hours, marking the first positive buy-sell delta in four days and underscoring increased spot buying pressure.

Source: Coinalyze

As a result, this positive delta has contributed to the altcoin’s upward momentum, easing immediate downward risks. Furthermore, exchange activity has echoed this shift in market dynamics. Data from CoinGlass shows that PENGU’s netflow declined significantly, turning negative after an increase the previous day. At the time of reporting, netflow stood at -$791k, down from $907k, which points to substantial outflows from exchanges.

Source: CoinGlass

Typically, such higher exchange outflows reduce the readily available supply on trading platforms, which can alleviate potential selling pressure while building upward momentum for the price. This trend aligns with observations from market analysts who note that retail-driven inflows often stabilize memecoins like PENGU during recovery phases. In the context of the 2025 crypto landscape, where memecoins have faced heightened scrutiny amid regulatory developments, these metrics suggest a grassroots revival that could sustain if broader market sentiment remains positive.

Whales remain bearish despite recent Pudgy Penguins [PENGU] gains

Despite the evident weakness in recent sessions, Pudgy Penguins [PENGU] has witnessed elevated whale activity over the past month, a factor that continues to influence its price trajectory. Large investors, often referred to as whales in cryptocurrency circles, have been pivotal in memecoin volatility, and their actions here reveal a cautious stance. Data from CryptoQuant’s Spot Average Order Size confirms this trend, displaying consistently large whale trades throughout the period, which have skewed toward the sell side in recent days.

Source: CryptoQuant

Surprisingly, these whales have intensified their selling amid the significant gains recorded by Pudgy Penguins [PENGU]. As the memecoin hit a local high of $0.0127, whales capitalized on the opportunity to cash out portions of their holdings. According to Nansen, PENGU’s top holders posted a negative balance change for two straight days. On November 2nd, they sold 572.9 million tokens while purchasing 560 million, and on November 3rd, sales amounted to 288.35 million against 277 million buys.

Source: Nansen

As a result, the memecoin recorded a cumulative balance change of -22 million, reflecting higher selling activity from this influential group. Experts from platforms like CryptoQuant emphasize that such whale distributions often precede corrections in memecoins, as they reduce liquidity and increase vulnerability to retail panic. However, in PENGU’s case, the retail counterbalance has so far mitigated the full impact, maintaining the $0.01 support intact. This dynamic highlights the dual forces at play in the 2025 memecoin market, where community-driven projects like Pudgy Penguins must navigate both grassroots enthusiasm and institutional caution.

Are recent Pudgy Penguins [PENGU] gains sustainable?

The question of sustainability for Pudgy Penguins [PENGU]’s recent gains hinges on the interplay between retail momentum and whale behavior. Analysis from market trackers indicates that PENGU bounced back as demand, particularly from retail investors, rebounded strongly. The memecoin’s Relative Strength Index (RSI) has made a bullish crossover, rising from the oversold zone of 28 to 44 at the time of writing, signaling that buyers are gradually regaining control.

Source: TradingView

Although the RSI has yet to surpass the neutral 50 level, this upward trajectory positions it for potential further gains on the price charts. If the recently observed demand persists, PENGU could target the 50-day moving average at $0.015, supported by sustained trading volumes and positive on-chain flows. Conversely, continued whale selling could erase these advances, potentially causing PENGU to retrace and breach the $0.01 support, leading to a drop toward $0.0095. Market observers, drawing from historical memecoin cycles, note that RSI recoveries like this often precede multi-week rallies if external factors such as Bitcoin’s performance remain favorable. In the current environment, with global economic indicators suggesting cautious optimism for risk assets, PENGU’s path forward will depend on whether retail enthusiasm can outweigh whale distributions.

Frequently Asked Questions

What factors are contributing to Pudgy Penguins [PENGU] holding $0.01 support in 2025?

Pudgy Penguins [PENGU] has held $0.01 support due to a 25.47% price surge to $0.01221, driven by retail buying resurgence and 153.5% volume increase to $333 million. Positive buy-sell delta from Coinalyze data, with 3.2 billion buys versus 3.1 billion sells, and negative netflow of -$791k from CoinGlass indicate accumulation and outflows reducing sell pressure.

Is Pudgy Penguins [PENGU] whale selling a threat to its current price recovery?

Yes, whale selling poses a notable threat to Pudgy Penguins [PENGU]’s recovery, as top holders net sold 22 million tokens over two days per Nansen, including 572.9 million on November 2nd. Despite retail gains and RSI rising to 44, continued distributions could push prices below $0.01 to $0.0095 if not offset by broader market support.

Key Takeaways

• Retail-Driven Recovery: Pudgy Penguins [PENGU] surged 25.47% to $0.01221 on renewed retail buying, with volume up 153.5% to $333 million and positive buy-sell delta.
• Whale Caution Persists: Large holders showed net selling of 22 million tokens, with high spot order sizes indicating bearish activity amid gains, per CryptoQuant and Nansen data.
• Sustainability Hinges on Momentum: RSI’s bullish rise to 44 suggests potential to $0.015 if demand holds, but whale pressure risks a drop to $0.0095—monitor on-chain flows closely.

Conclusion

In summary, Pudgy Penguins [PENGU] price recovery reflects robust retail participation and key technical signals like RSI improvement to 44, holding firm against whale bearishness. While exchange outflows and buy volume dominance offer bullish cues, sustained gains depend on balancing these forces. As the 2025 crypto market evolves, investors should watch for continued on-chain accumulation to confirm long-term upward potential—stay informed on memecoin dynamics for strategic positioning.