PENGU Tops Kraken Showdown, Heads to F1 as Price Eyes $0.05

Published: 2025-08-12 09:24:47 |

PENGU won Kraken’s Meme Coin Showdown with $21.4 million in trading volume, outperforming DOG and BONK. As the contest prize, the Pudgy Penguins mascot will be featured on Williams Racing’s FW47 during the Singapore Grand Prix. On the charts, PENGU trades around $0.036, supported by the 20-day EMA, and is forming a bullish pennant marked by narrowing highs and lows after July’s rally. A confirmed breakout above $0.0395–$0.0400 could target the late-July high near $0.045 and the psychological $0.050 level, implying potential gains of 25% and 39% from current levels. Conversely, a drop below $0.0312 would invalidate the pattern.

Bullish

This development is bullish for PENGU. Securing first place in Kraken’s high-profile Showdown and a feature on a Williams Racing F1 car boosts brand exposure and trader interest. The technical setup—a bullish pennant with support at the 20-day EMA and resistance near $0.04—aligns with catalysts that often precede breakouts. Similar meme-coin promotions have driven heightened volume and price surges. In the short term, expect increased volatility and momentum around the $0.04 resistance. Over the long term, sustained F1 exposure can attract new investors and liquidity, underpinning further upside.