Pudgy Penguins (PENGU), a Solana-based memecoin, has seen a notable 12.13% price increase in the last 24 hours, trading at $0.0081. This surge is accompanied by a 170% rise in trading volume, indicating strong market interest. Traders have positioned themselves with $3.11 million in long-leveraged positions, suggesting bullish sentiment. Investor activity also reflects growing confidence, with fresh wallets recording $327K in inflows, doubling the average over the past day. Additionally, PENGU whales have increased their holdings by 881.89 million tokens, a 3.90% rise. Technical analysis suggests that if PENGU breaks the $0.0085 resistance, it could see a further 22% price jump, potentially reaching $0.0104.