While Bitcoin slips and majors coin slip, PENGU is breaking ranks — and it might not be done yet.

• PENGU surged 14% as long interest and Funding Rates spiked. Can $0.015 hold as a new base for Pudgy Penguins?

In a market drowning in red, Pudgy Penguins [PENGU] defied gravity, climbing 14% in 24 hours, at press time.

While many might be quick to dismiss it as meme-driven noise, several underlying data points suggest that this could be more than just a fleeting spike.

One of the more telling signs of strength is PENGU’s Funding Rate, which has climbed above its weekly average.

In simpler terms, traders are paying a premium to hold long positions. That generally points to growing confidence in the token’s upside potential.

And with 45.58% of PENGU ‘s global accounts in long positions, we begin to see a more structured narrative. This is not just random FOMO. In simpler terms, traders are paying a premium to hold long positions. That generally points to growing confidence in the token’s upside potential.

And with 45.58% of PENGU ‘s global accounts in long positions, we begin to see a more structured narrative. This is not just random FOMO.