$PENGU, a meme-themed cryptocurrency linked to the Pudgy Penguins non-fungible-token brand, rallied about 12% on Friday, 22 August. Trading-volume spikes pushed the token into the "trending" list on data-provider CoinGecko, drawing renewed attention from retail traders during a generally quiet period for digital-asset markets. The price pop follows a series of social-media promotions and chart-based trading calls that highlighted a potential breakout from a short-term “falling wedge” pattern. Supporters claim the token could replicate gains once seen in larger meme coins such as Dogecoin, though no fundamental catalyst accompanied the latest move. While $PENGU’s market capitalisation remains a fraction of established cryptocurrencies, the episode underscores how retail-driven momentum can still deliver double-digit swings in lower-liquidity corners of the crypto market.