Pudgy Penguins (PENGU) Price Prediction: Whale Holdings reach a new high in March! Whale buys the dip 1.4 billion.

Despite the slight rise of only 1% on August 5th for the Solana ecosystem Meme coin Pudgy Penguins [PENGU], its monthly increase still reached 112%, with daily trading volume remaining high. On-chain data shows that Whales are significantly increasing their holdings against the trend: open interest has reached a 3-month high of 14 billion Tokens, with nearly 1 billion bought in the $0.04-$0.03 pullback range. PENGU ranks second in inflows among the top 16 whales in Solana (11.87 million USD), second only to BONK. Coupled with PSG1 Console's buy-and-burn mechanism and a daily viewership of 900 million on social media, PENGU demonstrates a strong community foundation.

1. Whales go against the trend to buy the dip: 1 billion coins bought in the $0.03 range, Holdings reach a new high since March According to The Solana Post on the X platform, as of August 5, the Whale Holdings of PENGU surged to 14 billion tokens, setting a record high in three months. Notably, nearly 1 billion tokens were absorbed by whales when the PENGU price pulled back from $0.04 to the $0.03 range.

The on-chain chart clearly shows that despite the short-term pullback in PENGU's price, the Whale Holdings (Abstract + Solana) indicator presents a steep rising curve. In the ranking of the top 16 whale inflows on the Solana chain, PENGU ranks second with $11.87 million, only behind Bonk [BONK] with $18 million.

2. Scarcity Mechanism + Social Media Frenzy: Nearly 570,000 Holding Addresses, Daily Views Exceed 900 Million

• Buy-and-Burn Mechanism: PENGU benefits from the continuous token burn of the collaborative project PSG1 Console, which continuously reduces the Circulating Supply and enhances token scarcity. In contrast, BONK burned 30 billion tokens worth $7.61 million on the same day (funded by Launchpad income), with a more aggressive deflationary strategy.
• Social Media Heat Explosion: The official PENGU X account shows that its content has a daily average view count of 908 million and is still growing, with the community aiming for a single-day target of 1 billion views. In the past 3 months, the view count has tripled, perfectly coinciding with a new high in Whale Holdings.
• Large Holdings Base: With cultural resonance and real-world reach in the US market, the number of PENGU holding addresses had reached 567,991 as of August 5, indicating a strong community foundation.

3. Technical Analysis: Breakthrough descending wedge, bulls and bears contesting $0.034 key support Despite the positive fundamentals, the price of PENGU is still constrained by technical patterns:

• Pattern Breakout: PENGU has successfully broken out of the Falling Wedge Pattern, but is struggling to test the validity of the support zone around $0.034.
• Real-time Market: The quoted price at the time of writing is $0.03548, with a daily rise of 3.18% (Data source: TradingView).
• Key Resistance: There is a strong resistance zone around $0.046 above (Resistance Block).
• Volume Signal: Net Volume reports 1.34 billion coins, but the Momentum Indicator has rebounded from -0.0053 at the beginning of the week to near the neutral zone.

Conclusion: Pudgy Penguins (PENGU) has shown remarkable resilience in the Solana ecosystem Meme coin, with a monthly rise of 112%. Despite a background where whales have increased their holdings to 14 billion coins (a three-month high), and daily social media views have surpassed 900 million, the price is facing a defense battle at the $0.034 support level. The crypto market has seen a capital outflow of $10 billion over five days, creating headwinds. However, whale support and ongoing deflation (PSG1 buy and burn) provide a value underpinning. Whether PENGU can break through the $0.046 resistance to restart its upward trend depends not only on community buzz but also on the overall sentiment of the Solana ecosystem warming up and the slowdown of capital outflow from the broader market. The high volatility risk in the Meme coin sector still needs to be monitored.