Nietzschean Penguin (PENGUIN) staged a sharp comeback after defending a key support level, rallying back to $0.12 — a one‑day gain of roughly 39.6% — and pushing its market capitalization up about 35% to $119 million. Price action and catalyst - The memecoin had hit an all‑time high at $0.16 before a profit‑taking wave sent it down to roughly $0.06. Buyers stepped in around the $0.10 support zone, prompting the rebound to $0.12 at the time of writing. - Interest spiked after Binance.US posted a short penguin clip captioned, “We found out where the penguin was headed!” While the exchange has not listed PENGUIN, the tease helped reignite community attention and brought buyers back into the market. On‑chain and market-data signals - Accumulation volume (TradingView) surged to 18 million tokens during the bounce before easing to about 2 million at press time, indicating aggressive short‑term buying followed by some cooldown. - Buyer vs Seller Strength climbed to 91, signaling clear buyer dominance on-chain (TradingView). - Coinalyze data for Poloniex showed 3.1 million in Buy Volume versus 2.8 million in Sell Volume over the past 24 hours, producing a positive market delta of ~300k — evidence of net spot accumulation. - Whale activity: TradingView’s Whale Buy Indicator indicated renewed whale purchases, with Buy Volume up ~20 million versus the earlier peak near 38 million. - Nansen reports Top Addresses added 37.78 million PENGUIN and offloaded 19 million in the last 24 hours, leaving top holders with a roughly 18 million token balance — a sign that large holders are still accumulating and holding. What this could mean - The combination of strong buyer metrics, renewed whale participation and a social media nudge from Binance.US suggests demand has returned, supporting the recent price recovery. - If accumulation continues, PENGUIN may attempt to retake the $0.16 level and push toward a new high. Alternatively, renewed profit‑taking could see the price revisit support around $0.07. Sources and risk reminder - Data: TradingView, Coinalyze, Nansen. - This piece is informational and not investment advice. Trading cryptocurrencies carries high risk; conduct your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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