The meme coin PALU, built on the BNB blockchain, has quickly become popular after being listed on Binance today. The listing announcement caused a surge in buying, driving the token to a record high price.
Based on recent market signals, PALU appears poised for further gains and could reach new highs in the near future.
PALU Hits Record High After CZ’s Nod
BeInCrypto reported that PALU, a meme token created by its community, is now available on Binance. The token first gained attention when Binance’s founder, Changpeng Zhao (CZ), shared fan-created artwork showing a PALU mascot inspired by him.
Recent events have caused a significant increase in trading of PALU, reaching a record high of $0.0956 today.
Analysts on X (formerly Twitter) have been discussing the fast growth of PALU. One user, Chinapumprocket, believes the price is increasing quickly because large investors are buying up the token.
A large transaction of $PALU just occurred – 24x, valued at $56.96 million! It looks like major investors (whales) are buying. The transaction can be verified on the blockchain with contract address: 0x02e75d28A8AA2a0033b8cf866fCf0bB0E1eE4444. Could this indicate positive news or a price increase is coming?
— 中国鲸鱼资金 – Chinese Whale Capital (@chinapumprocket) October 7, 2025
“Whales are in! They’re knowing something???” the X user quizzed.
Meme Coin PALU Flashes Bullish Signals
The meme asset’s price is currently above its 20-day EMA, which suggests continued buying interest and an upward trend. As of right now, this trendline is acting as a support level, holding the price around $0.0066.
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The 20-day Exponential Moving Average (EMA) calculates the average price of an asset over the last 20 trading days, with more recent prices having a bigger impact on the calculation.
If a token’s price stays above a certain level, it usually means investors are optimistic and continue to buy, which keeps pushing the price up.
PALU staying above its 20-day EMA suggests buyers are still in control, and the price could continue to rise if this trend continues.
Additionally, the meme coin’s MACD indicator suggests that the price is likely to continue rising, confirming a growing positive trend.
As of today, PALU’s MACD indicator shows positive momentum, with the MACD line trending above the signal line. The increasing size of the green histogram bars suggests growing investor interest and buying pressure.
The MACD is a tool traders use to understand where prices are trending and how strong that trend is. It can signal good times to buy or sell by watching when the MACD line crosses above or below its signal line.
Similar to what we see with meme coins, if the MACD line crosses above the signal line, it suggests that selling is slowing down and more people are starting to buy.
Is PALU Running Out of Steam or Gearing for Another Breakout?
Typically, when a cryptocurrency like PALU sees a big price jump after being listed on exchanges, the price often dips slightly afterward. However, if PALU continues to climb at its current rate, it has a good chance of breaking through the $0.0751 price level and potentially reaching its previous high.
Despite recent gains, there’s still a chance investors might sell to secure profits, which could cause PALU’s price to fall back to $0.0591.
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2025-10-08 03:12