Pudgy Penguins Surges 62% as Shiba Inu Faces Test
Pudgy Penguins (PENGU)
Editor:
Eugene Serbin
thebitjournal.com reports that Pudgy Penguins (PENGU) recorded a 62% weekly surge following speculation about a potential IPO by 2027. This rally triggered a short squeeze that liquidated approximately $842,000 in short positions. PENGU’s visibility is further supported by its Visa-backed Pengu Card, which has surpassed 35,000 users.
Meanwhile, Shiba Inu (SHIB) gained regulated exchange access in Japan via a Nomura-backed platform on August 24. SHIB briefly reached a multi-month high of $0.000006191 before falling 14% by August 26. The decline wiped out roughly 48.3 billion SHIB worth of long positions near support.
A new meme coin, Apeing, is approaching its next phase on September 8 with 10 days remaining. The Apeing Whitelist has attracted over 12,000 members ahead of its planned Stage 1 price of $0.0001. The project targets a listing price of $0.01, implying a potential 10,000% increase. Apeing emphasizes community engagement and an audit-first security approach for its upcoming launch.
How the market reacted
Whalio's own Binance spot order flow for PENGU, measured when this story was written up on 30 August 2026. Not the outlet's figures.
Pudgy Penguins is trading at $0.009139 with a 24-hour buy ratio of 51.8%, indicating a slight majority of buyers. The 1-hour buy ratio stands at 52.3%, while the 4-hour ratio is higher at 54.8%, suggesting that buying pressure is building over the shorter timeframes. Volume Delta shows net inflows of +$4,403 in the last hour and +$49,512 over four hours, contrasting with a 24-hour total of +$250,033. Cumulative Volume Delta (CVD) closed at +$415,514, confirming sustained buying interest over the day. Net buying occurred in 12 of the last 24 hours, with spot volume reaching $6,624,033 across 81,174 trades. This flow indicates consistent accumulation rather than a single spike in activity.
The latest daily buy ratio of 50.4% sits at the 59th percentile of the last 322 days, against a median of 50.0% - ordinary for this coin.
Twenty-four hours later
What PENGU did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for PENGU, averaged over the days leading up to the story.
Over the preceding week, PENGU experienced a price change of +8.7% with a 7-day average buy ratio of 50.4%. Today’s 24-hour buy ratio of 51.8% is 1.5 percentage points higher than the weekly average, marking a shift toward stronger buying. However, today’s spot volume of $6,624,033 is only 0.28 times the weekly average, indicating significantly lower trading activity. The weekly Volume Delta totaled +$3,054,411, while today’s 24-hour delta of +$250,033 represents a fraction of that total. This volume contraction suggests that while buying sentiment is slightly above average, participation is notably quieter than usual for the coin.