The cost of the PENGU may escalate at an accelerated pace, surpassing initial forecasts
The price of the PENGU token has experienced a significant drop since reaching a record high of $0.04, dipping to around $0.34. This decline is primarily due to a significant insider sell-off, where wallets closely associated with insiders transferred over $17 million worth of tokens to centralized exchanges during July 2025. This large volume movement caused sharp price declines as market participants feared strategic sell-offs by insiders [1].
Additional factors contributing to the drop include general bearish technical indicators observed in August 2025, such as the MACD and RSI showing bearish momentum and PENGU trading within a downward channel after a local high in July [3]. Daily trading volume surged by 90%, indicating strong selling pressure ahead of a possible further decline to $0.25 noted by some analysts [4].
However, there are indications of a potential rebound for PENGU. A major protocol upgrade in August 2025 introduced a new governance framework and token burn mechanism, resulting in a dramatic 293.7% price surge within 24 hours, increased on-chain activity, and boosted ecosystem development. This suggests that longer-term fundamentals may support recovery [5].
Market analysts view recent price dips as healthy corrections offering buy-the-dip opportunities, citing upcoming ETF filings and growing adoption as potential catalysts for upward movement [4]. The token also enjoys strong community backing and new accessibility through platforms like Robinhood, which could drive renewed interest and institutional involvement after regulatory reviews [4].
Key support levels identified around $0.025 to $0.032 could provide a price floor before recovery, while resistance is seen near $0.039 to $0.046, marking targets for rebounds [3]. It is important for investors to closely monitor buyer dominance and resistance to the upside for PENGU, as overcoming the resistance to the upside remains a crucial challenge for a sustained trend reversal [2].
While the recent drop in PENGU's price has sparked concerns, a bullish recovery is a possibility. However, a deep analysis of market data suggests that the potential trend reversal for PENGU might not last, pending broader market conditions [6]. Therefore, investors should keep a close eye on these factors to make informed decisions.
This article was written by Gaston Cuny, a cryptocurrency enthusiast and writer with 7 years of experience.
[1] Insider Sell-Off Triggers PENGU Token Price Drop [2] Monitoring Buyer Dominance and Resistance for PENGU [3] Key Levels to Watch for PENGU's Recovery [4] Analysts See Buy-the-Dip Opportunities for PENGU [5] PENGU Sees Dramatic Price Surge Following Protocol Upgrade [6] Potential Trend Reversal for PENGU Could Be Temporary
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