The PENGU token has attracted increasing market attention after on-chain analyst Ali Martinez confirmed a successful bullish retest of the descending channel pattern.
According to Ali, this technical condition opens up a significant opportunity for PENGU to continue its rally to reach $0.090, setting a new all-time high. This optimism reinforces the community’s belief that the upward momentum is far from over.
In terms of price performance, PENGU has shown a consistent positive trend. In the last 24 hours, the price rose by 1.43%. Expanding on a weekly basis, the asset has recorded an 8.27% increase.
Furthermore, in the last 30 days, the altcoin has surged 27.98%, reflecting continued market interest despite the continued uncertainty surrounding the crypto macro environment.
Institutional spotlight pushes PENGU toward greater market recognition
Derivatives data from CoinGlass also adds another layer of optimism. PENGU derivatives trading volume rose 29.44% to $1.19 billion, while open interest also increased 5.80% to $462.21 million. This surge signals increased trader participation and the potential for stronger liquidity to support further price rallies.
Fundamentally, PENGU gained significant attention after its partnership with OpenSea officially went live on September 4, 2025. Through this integration, OpenSea became the official marketplace for Pudgy Penguins NFTs and PENGU tokens, opening access to a user base of over 20 million people.
Strikingly, the announcement triggered an 18% price surge at the time, reflecting investor optimism about the prospects for greater liquidity and global exposure in the NFT sector.
Furthermore, Pudgy Penguins and PENGU were also recently featured in the Q2 financial report of Bullish (BLSH) listed on the New York Stock Exchange (NYSE).
PENGU’s presence in the public company’s report strengthens the project’s validation among institutional investors and demonstrates how community-driven assets can achieve higher levels of recognition.
Overall, the combination of technical strength, derivatives data support, and strategic collaborations with major players like OpenSea make PENGU an asset to watch in the second half of 2025.