{"id":7530,"date":"2025-08-12T09:47:14","date_gmt":"2025-08-12T09:47:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pudgy-penguins-mascot-heads-to-f1-after-winning-kraken-contest-as-pengu-price-eyes-0-050\/"},"modified":"2025-08-12T09:47:19","modified_gmt":"2025-08-12T09:47:19","slug":"pudgy-penguins-mascot-heads-to-f1-after-winning-kraken-contest-as-pengu-price-eyes-0-050","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pudgy-penguins-mascot-heads-to-f1-after-winning-kraken-contest-as-pengu-price-eyes-0-050\/","title":{"rendered":"Pudgy Penguins mascot heads to F1 after winning Kraken contest as PENGU price eyes $0.050"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">PENGU has secured first place in Kraken\u2019s Meme Coin Showdown, earning a spot for Pudgy Penguins mascot on the Williams Racing FW47 at the Singapore Grand Prix, while technicals point to a potential bullish breakout.<\/p>\n<div id=\"cn-block-summary-block_24df84ab27c6239612bc0eb950c50992\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>PENGU topped Kraken\u2019s trading contest with over $21.4M in volume, beating DOG and BONK.<\/li>\n<li>Winning token\u2019s mascot to debut on Williams Racing\u2019s Formula 1 car in Singapore.<\/li>\n<li>Chart setup signals bullish pennant; breakout above $0.0400 could target $0.050.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pudgy Penguins mascot will make its Formula 1 debut in Singapore after the community\u2019s token PENGU clinched the first place in Kraken\u2019s Meme Coin Showdown.<\/p>\n<p>The trading contest, run in partnership with Williams Racing, pitted popular memecoins against each other based on trading volumes on Kraken. After 32 \u201claps\u201d of competition, PENGU finished in pole position with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/krakenfx\/status\/1954998340132725036\" target=\"_blank\">over\u00a0$21.4 million\u00a0in volume<\/a>, ahead of Dog (DOG) and Bonk (BONK), which placed second and third respectively.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Pengu is coming to F1 thanks to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/WilliamsRacing?ref_src=twsrc%5Etfw\" target=\"_blank\">@williamsracing<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/krakenfx?ref_src=twsrc%5Etfw\" target=\"_blank\">@krakenfx<\/a> \ud83d\udc27 <\/p>\n<p>Who wants to see the design? <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/r2AFNdlEWX\" target=\"_blank\">https:\/\/t.co\/r2AFNdlEWX<\/a><\/p>\n<p>\u2014 Pudgy Penguins (@pudgypenguins) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/pudgypenguins\/status\/1954992552446398898?ref_src=twsrc%5Etfw\" target=\"_blank\">August 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>As the winning token, Pudgy Penguins will have its mascot featured on the Williams Racing FW47 during the Singapore Grand Prix, reaching speeds of over 200 mph on the track. Kraken <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/krakenfx\/status\/1954998340132725036\" target=\"_blank\">said<\/a> that special recognition is also planned for the top three finishers.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">PENGU price prediction<\/h2>\n<p>Meanwhile, PENGU price continues to consolidate, with the 20-day EMA acting as a dynamic support, following a recent pullback to $0.0312. The price action appears to be shaping into what looks like a bullish pennant, characterized by narrowing highs and lows after a sharp upward move in July. <\/p>\n<p>This consolidation phase, accompanied by declining volumes, often signals that the market is pausing before potentially resuming its prior uptrend. A decisive breakout above the upper trendline around $0.0395\u2013$0.0400 could open the door for another leg higher, while a breakdown below support at $0.0312 would invalidate the pattern.<\/p>\n<p>If buyers succeed in pushing PENGU above the pennant\u2019s resistance, the initial upside target would likely be the late-July swing high near $0.045, followed by the psychological $0.050 level. From the current price of $0.036, this would mark 25% and 39% gain, respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3APENGUUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PENGU has secured first place in Kraken\u2019s Meme Coin Showdown, earning a spot for Pudgy Penguins mascot on the Williams Racing FW47 at the Singapore Grand Prix, while technicals point&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7530"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7530\/revisions"}],"predecessor-version":[{"id":7531,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7530\/revisions\/7531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2792"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}