PENGU, the meme coin tied to the Pudgy Penguins ecosystem, has experienced a notable surge of over 15% in value, driven primarily by increased institutional involvement and robust trading activity. This upward trend reflects growing market interest and potential for adoption as PENGU aims to reach a $0.10 valuation. Key factors contributing to this growth include: strong trading volume, which indicates investor confidence; and strategic partnerships with asset managers and auction houses, signifying wider acceptance within traditional financial circles. Experts like technical analyst Ali Martinez believe that PENGU is on track to hit the $0.10 mark. This sentiment is supported by historical observations of similar memecoins that have demonstrated consistent price growth. The success of PENGU highlights its potential for continued upward momentum as institutional backing and technological advancements shape its future.