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Pudgy Penguins extends rally as open interest, trading volume hit three-month highs

Pudgy Penguins (PENGU) – a meme coin based on penguins on the Solana (SOL) blockchain – is extending its gains by 5%, trading around $0.013 at the time of writing on Monday, after soaring 156% last week. On-chain metrics support the bullish sentiment as PENGU’s open interest and trading volume reached a three-month high. The technical outlook also looks positive, targeting the $0.014 mark before potentially reaching $0.017.

Pudgy Penguins extends rally as open interest, trading volume hit three-month highs

Pudgy Penguins (PENGU) – a meme coin based on penguins on the Solana (SOL) blockchain – is extending its gains by 5%, trading around $0.013 at the time of writing on Monday, after soaring 156% last week. On-chain metrics support the bullish sentiment as PENGU’s open interest and trading volume reached a three-month high. The technical outlook also looks positive, targeting the $0.014 mark before potentially reaching $0.017.

https://www.fxstreet.com/cryptocurrencies/news/pudgy-penguins-extends-rally-as-open-interest-trading-volume-hit-three-month-highs-202504280719