Pengu token rallied 70% over three days to reach $0.023 as Bitcoin’s breakthrough above $118,000 sparked massive capital rotation into Solana memecoins, with the sector now valued at over $12.8 billion amid heightened risk appetite.
The Solana memecoin sector valuation surged 12.3% on Friday, now valued at over $12.8 billion, with trading volumes exceeding $6.3 billion.
Solana memecoin sector performance | Source: Coingecko, July 11, 2025
According to Coingecko data, Pengu emerged as the standout performer across the Solana ecosystem, registering a 23.2% price gain in 24 hours. Other trending tokens include ROBOT (+117.8%), Fartcoin (+9.7%), and Manifest (+87.6%), also from the heightened risk appetite amid Bitcoin’s historic breakout.
PENGU Price Prediction: Parabolic Momentum Tests Resistance as MACD Strengthens
From a technical standpoint, after 70% in the last three days, PENGU price now faces overhead resistance as it presses against the upper boundary of the Donchian Channel (DC) set at $0.024
However, the MACD histogram expanded further into positive territory, with both the MACD line (0.00212) and signal line (0.00145) diverging sharply, indicating increasing buying pressure.
PENGU Price Prediction | Source: TradingView
A sustained breakout above $0.02384 could send prices toward the psychological $0.030 level.
However, with PENGU trading volume peaking at $1.45 billion, according to Coinmarketcap data, an imminent correction cannot be ruled out. In this scenario, the dense confluence zone $0.017 of will likely act as the primary support base before the Donchian Channel’s midline at $0.015.
In summary, as long as Bitcoin sustains its new highs, Pengu is likely to maintain its upward trajectory.
Solaxy Presale Gains Momentum as PENGU Hits 5 month peaks
With PENGU up 70% this week, strategic traders could rotate profits towards new markets such as Solaxy ($SOLX), Solana’s first Layer-2. Now live in presale, Solaxy offers claimable tokens, staking rewards, and a roadmap that includes major exchange listings.
As the memecoin sector tops $12.8 billion, Solaxy is emerging as the infrastructure backbone behind tokens like PENGU and BONK. The SOLX token contract is live, visit the official website to enter the presale before the next price increase.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
