$PENGUIN has exploded 179% in 24 hours, reaching an all-time high (ATH) of $0.174 before correcting to $0.123. Catalyst? A viral post on X from the White House featuring an image of Donut Chump and a penguin with the caption "Embrace the penguin."

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🔹 The Viral Story

  • The trading volume skyrocketed by 823% to 579 Million USD right after the post. The market capitalization surpassed 100 million dollars. This is a typical pump based on narrative, where traders rush in to profit from the viral moment.

🔸 Whale Activity

  • Whales are pouring in funds. One wallet bought 20.78 Million PENGUIN (worth 2.6 million USD SOL). Another wallet accumulated 5.16 Million ($618k), sitting on a massive unrealized profit.

  • Not all whales win. One trader sold 16.5 Million tokens for a meager profit of $18; those tokens are now worth 1.4 Million USD.

  • Another whale took profits of 15.94 Million PENGUIN, bringing in 1.7 Million USD, triggering a correction from $0.17 down to $0.12.

🔹 Momentum Test

The upward momentum is driven by speculation and whales, but the sellers are regaining control.

  • The strength of the sellers has increased to 61.6, and the volume is decreasing.

  • Key Level

  1. If the whales come back to accumulate, expect a retake of $0.17 and push up to $0.20.

  2. If the distribution continues, the support of $0.10 may break, sliding back to $0.09.

A whale missed out on 1.4 million dollars for selling too early, while others are buying millions of tokens. Will you 'Embrace the penguin' to wait for the $0.20 mark, or short when the frenzy cools down at $0.12?

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