{"id":10698,"date":"2025-08-12T19:26:22","date_gmt":"2025-08-12T19:26:22","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=10698"},"modified":"2025-08-12T19:26:46","modified_gmt":"2025-08-12T19:26:46","slug":"pengu-wins-krakens-meme-coin-showdown-pudgy-penguins-mascot-heads-to-formula-1","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/08\/12\/pengu-wins-krakens-meme-coin-showdown-pudgy-penguins-mascot-heads-to-formula-1\/","title":{"rendered":"PENGU Wins Kraken\u2019s Meme Coin Showdown Pudgy Penguins Mascot Heads to Formula 1"},"content":{"rendered":"\n<p>PENGU has taken the top spot in <strong>Kraken\u2019s Meme Coin Showdown<\/strong>, earning a unique prize the <strong>Pudgy Penguins mascot<\/strong> will be featured on the <strong>Williams Racing FW47<\/strong> during the Singapore Grand Prix. That means the beloved penguin will be hitting speeds of over 200 mph on one of Formula 1\u2019s most iconic tracks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A Race for the Memecoin Crown<\/strong><\/h3>\n\n\n\n<p>The contest, run by Kraken in partnership with Williams Racing, pitted some of the most popular memecoins against each other in a trading volume competition. After <strong>32 \u201claps\u201d<\/strong> of trading, PENGU crossed the finish line first with <strong>over $21.4 million in volume<\/strong>, leaving <strong>Dog (DOG)<\/strong> in second place and <strong>Bonk (BONK)<\/strong> in third.<\/p>\n\n\n\n<p>Kraken has also promised special recognition for the top three finishers, though details haven\u2019t been revealed yet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Price Action: Bullish Setup on the Charts<\/strong><\/h3>\n\n\n\n<p>While the Pudgy Penguins community celebrates its win, traders are eyeing the charts. PENGU\u2019s price has been consolidating since a recent pullback to <strong>$0.0312<\/strong>, with the <strong>20-day EMA<\/strong> acting as a steady support.<\/p>\n\n\n\n<p>The pattern forming looks like a <strong>bullish pennant<\/strong> narrowing highs and lows following July\u2019s sharp rally. This kind of setup, especially alongside declining trading volume, often signals the market is catching its breath before a potential breakout.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Breakout Zone:<\/strong> Above $0.0395\u2013$0.0400 could trigger another move up.<\/li>\n\n\n\n<li><strong>Initial Target:<\/strong> Late-July swing high near $0.045.<\/li>\n\n\n\n<li><strong>Stretch Target:<\/strong> The psychological $0.050 level.<\/li>\n<\/ul>\n\n\n\n<p>From the current price around $0.036, those targets represent gains of roughly <strong>25%<\/strong> and <strong>39%<\/strong> respectively.<br>A drop below <strong>$0.0312<\/strong> would invalidate the bullish pattern and suggest more downside.<\/p>\n\n\n\n<p><strong>Bottom line:<\/strong> PENGU\u2019s big win puts the Pudgy Penguins brand in front of millions of Formula 1 fans worldwide and the charts suggest the token might be gearing up for its own race toward higher prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PENGU has taken the top spot in Kraken\u2019s Meme Coin Showdown, earning a unique prize the Pudgy Penguins mascot will be featured on the Williams Racing FW47 during the Singapore Grand Prix. That means the beloved penguin will be hitting speeds of over 200 mph on one of Formula 1\u2019s most iconic tracks. A Race&#8230;<\/p>\n","protected":false},"author":3,"featured_media":10699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[419,119,995],"class_list":["post-10698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-kraken","tag-memecoin","tag-pengu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PENGU Wins Kraken\u2019s Meme Coin Showdown Pudgy Penguins Mascot Heads to Formula 1 - Crypto News<\/title>\n<meta name=\"description\" content=\"PENGU wins Kraken\u2019s Meme Coin Showdown with $21.4M in volume, securing a spot for the Pudgy Penguins mascot on Williams Racing\u2019s F1 car in Singapore. 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