Pudgy Penguins Price Prediction: PENGU Price Crashes 20% in a Week, Is a Recovery Possible this December?

Altcoins PENGU Pudgy Penguins
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated: 
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Pengu price is down almost 80% from its highs near $0.04 and nearly broke to a new multi-month low after news that the SEC is targeting VC capital that invested in Pudgy Penguins.

According to crypto journalist Kate Irwin, the SEC sued crypto venture firm Shima Capital and its founder, Yida Gao, three weeks ago, alleging they carried out a scheme to defraud investors.

Internal emails show that Gao told founders of portfolio companies that he plans to step down and begin winding down the fund.

Founded in 2021, Shima Capital manages about $200 million in assets and has invested in projects including Berachain, Monad, and Pudgy Penguins.

After the news, Pengu crashed 20% to under $0.0097 before bouncing, but the rebound still looks uncertain.

Pudgy Penguins Price Prediction: Is a Recovery Possible this December?

Source: PENGU-USD / TradingView

A recovery for memecoins in December is almost impossible. Historically, it is one of the worst months for memecoins.

Retail money is the main driver of memecoin prices, and volume drops sharply during the holiday season.

Pengu is down 66% over the past 2.5 months and could continue lower. It needs to hold the $0.093 level, which is a key support, otherwise price could slide further.

To invalidate this view, Pengu price would need to break above $0.013 to confirm a bullish rally. Memecoin interest is at its lowest level in five years, and waiting it out could be the better solution. If you are looking for something with actual utility instead, check out Bitcoin Hyper below.

Pudgy Penguins Alternative? Bitcoin Hyper ($HYPER) Could Save The Bear Market

Bitcoin might be secure, but it has always struggled with speed, fees, and real on-chain utility. That is exactly the gap Bitcoin Hyper ($HYPER) is trying to fill.

Bitcoin Hyper is a new Bitcoin Layer 2 built using Solana-style high-performance tech, designed to bring fast transactions, ultra-low fees, and full DeFi functionality to BTC holders. Instead of sitting idle, Bitcoin can finally be used for staking, trading, payments, meme coins, and NFTs without sacrificing security.

The system runs through the Hyper Bridge, which lets users move BTC onto the Hyper L2 and receive a 1:1 representation instantly, with near-instant finality. No wrapping drama, no slow confirmations.

That is why Bitcoin Hyper has already raised nearly $29.5M from early buyers who see it as the missing link between Bitcoin’s security and modern crypto utility. The project is also offering staking yields of around 39% APY during the early phase, which is pulling in attention while the broader market is still shaky.

As memecoins struggle and retail interest stays low, capital is quietly rotating toward projects with real use cases. If Bitcoin ever needed an upgrade for the next cycle, Bitcoin Hyper is positioning itself to be it.

Visit the Official Bitcoin Hyper Website Here

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
At Cryptonews, we aim to make cryptocurrency, blockchain, and Web3 understandable, and information available to everyone, no matter what level you are in your investment journey. Founded in 2017, Cryptonews has been dedicated to delivering reliable, multilingual coverage of the cryptocurrency industry.

Best Crypto ICOs

Discover trending tokens still in presale — early-stage picks with potential.

Explore Our Tools

Smart tools made for everyday crypto users

Market Overview

  • 7d
  • 1m
  • 1y
Market Cap
$3,025,752,646,919
-8.09
Trending Crypto

More Articles

Blockchain News
Binance Plans US Comeback: CZ May Cut Stake, Eyes Trump and BlackRock Deals: Report
Hassan Shittu
Hassan Shittu
2025-12-18 20:04:40
Price Analysis
Bitcoin Price Prediction: Bear Flag Strengthens After CPI as $85K Wobbles
Arslan Butt
Arslan Butt
2025-12-18 19:48:33
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors