The irrepressible PENGU has ascended to greatness in Kraken’s Meme Coin Showdown, claiming victory and securing the cherished spot for Pudgy Penguins’ mascot on the illustrious Williams Racing FW47 at the Singapore Grand Prix. What a stunning sight it will be, even for the most seasoned F1 enthusiasts! Meanwhile, technical indicators hint at a forthcoming bullish breakout. The market certainly has a penchant for the unexpected!
- PENGU emerged victorious in Kraken’s trading contest, racking up over $21.4M in volume, easily leaving DOG and BONK in the dust.
- The winning token’s mascot will now grace the Formula 1 car at the Singapore Grand Prix, revving up excitement.
- Charts are pointing towards a bullish pennant. Breakout above $0.0400 could send the price soaring to $0.050.
The Pudgy Penguins mascot will take its rightful place on the racetrack, making its F1 debut in Singapore after the PENGU token triumphed in Kraken’s highly competitive Meme Coin Showdown.
The contest, conducted in collaboration with Williams Racing, had memecoins fighting it out based on their trading volumes on Kraken. After enduring 32 “laps” of intense competition, PENGU crossed the finish line in first place, with a whopping $21.4 million in volume, outshining the likes of Dog (DOG) and Bonk (BONK), which lagged behind in second and third.
Pengu is coming to F1 thanks to @williamsracing and @krakenfx 🐧
Who wants to see the design?
– Pudgy Penguins (@pudgypenguins) August 11, 2025
In celebration of this victory, the Pudgy Penguins mascot will be proudly displayed on the Williams Racing FW47 during the Singapore Grand Prix, soaring at speeds exceeding 200 mph. Kraken has also announced plans to give special recognition to the top three finishers. Now, who wouldn’t want to be part of that elite club?
PENGU Price Prediction
Meanwhile, PENGU’s price continues to consolidate, hovering above the 20-day EMA, which serves as a reliable dynamic support. After a recent pullback to $0.0312, it’s clear that the market is considering its next move, and boy, it could be a thrilling one!
The price action seems to be taking the shape of a bullish pennant, with the highs and lows narrowing after the sharp rise in July. This consolidation, alongside declining volumes, often signals that the market is simply catching its breath before resuming the prior uptrend. Breakout above the upper trendline, currently near $0.0395-$0.0400, could unleash a surge, while a breakdown below $0.0312 would invalidate this exciting pattern.
If buyers manage to push PENGU past resistance, the first target would likely be the swing high from late July, around $0.045, followed by the ever-tempting psychological $0.050 level. A move from the current price of $0.036 could yield gains of 25% to 39%, depending on the market’s mood. And we all know how volatile that can be!
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2025-08-12 12:40