Solana-based meme coin Pudgy Penguins (PENGU) surged over 31% on Sunday, riding a wave of momentum sparked by Tron founder Justin Sun and a growing sense of optimism in the crypto market. The rally follows Sun’s unexpected endorsement of the project on X (formerly Twitter), where he shared a custom penguin illustration—complete with his signature hairstyle and a TRON-branded shirt.
A Meme Coin Moment: Justin Sun Joins the “Huddle”
“OK. Everyone has become a penguin,” Sun wrote, triggering a flurry of reactions from the Pudgy Penguins community and meme coin enthusiasts. The official Pudgy Penguins account quickly welcomed him, replying, “Justin looks good here. Welcome to the Huddle.”
OK. Everyone has become a penguin. pic.twitter.com/0G6jzMlUYD
— H.E. Justin Sun 🍌 (@justinsuntron) July 13, 2025
The viral interaction catapulted attention toward PENGU, a meme coin that draws inspiration from the Pudgy Penguins NFT collection. Trading volume surged, and speculation around the token’s next move intensified.
The endorsement wasn’t just a playful tweet—it aligned with broader interest from analysts and investors. On-chain researcher Ali had recently highlighted PENGU’s potential, comparing it to early-stage PEPE but emphasizing that Pudgy Penguins has "real fundamentals."
Price Outlook: Can PENGU Retest Its All-Time High?
PENGU’s price is now pushing toward a potential retest of its all-time high of $0.07, last reached in December 2023. Technical indicators show strong momentum:
- Support zones at the 50, 100, and 200-day Simple Moving Averages ($0.012, $0.011, and $0.013) have formed a bullish confluence.
- The Relative Strength Index (RSI) shows increasing momentum, signaling more upside potential.
- A break above the $0.044 Fibonacci resistance (61.8% retracement level) could set the stage for a 130% rally to reclaim previous highs.
However, any short-term sell-offs from early profit-takers could slow progress. If price dips below $0.019, the token may enter a brief consolidation phase—potentially offering bulls a fresh entry opportunity.
Adding to the optimism, the U.S. SEC recently acknowledged a Spot PENGU ETF filing from Canary, fueling a 23% price jump earlier this week. If approved, the ETF could become a major catalyst for institutional exposure and further growth.
As the price of TRX continues to rise, the Tron community should adopt various measures to reduce Tron’s gas fees—whether by lowering the unit price of energy, increasing the energy cap, or encouraging energy staking—to ensure the Tron network remains competitive.
— H.E. Justin Sun 🍌 (@justinsuntron) July 13, 2025
Meanwhile, TRON Pushes for Lower Fees
In tandem with his meme coin boost, Justin Sun also shared updates on TRON’s fee reduction efforts. He urged the TRON community to adopt cost-cutting measures and pointed to early success with JustLend’s STRX staking, which has already cut energy rental costs by 30% in certain scenarios.
Additional fee-reducing features are expected to roll out soon, helping TRON remain competitive as Layer-1 blockchains vie for developer adoption and DeFi activity.
