Key Takeaways
PENGU soared nearly 90% after Justin Sun’s viral post and ETF speculation boosted momentum. TRON’s Sun slashed gas fees by 30% via STRX staking, with more network upgrades underway.
Pudgy Penguins [PENGU] is back in the spotlight after a surprise endorsement from Tron [TRX] founder Justin Sun sent the memecoin soaring.
The double-digit rally came alongside fresh plans to cut TRON gas fees — a move aimed at making the network faster, cheaper, and more competitive.
A meme, a moment, and a market surge
PENGU, the Solana-based memecoin inspired by the Pudgy Penguins NFT collection, exploded nearly 90% this week after a viral post from TRON founder Justin Sun.
Sun shared a cartoon penguin donning his signature hairstyle and a TRON-logo shirt, joking,
“OK. Everyone has become a penguin.”
The Pudgy Penguins official account replied,
Source: X
The lighthearted exchange lit up X, igniting community momentum and price action.
The rally follows analyst Ali Martinez’s bullish outlook on PENGU’s fundamentals, and a new catalyst: the U.S. SEC’s recent acknowledgment of a Spot PENGU ETF filing, which pushed the token past a multi-month high.
Sun targets cheaper fees to stay competitive
While PENGU grabbed headlines, Justin Sun kept focus on TRON’s long-term edge — lowering gas fees.
In a post on X, Sun urged the community to adopt strategies like increasing the energy cap and encouraging staking to keep TRON’s transaction costs competitive.
He wrote,
“As the price of TRX continues to rise, the Tron community should adopt various measures to reduce Tron’s gas fees.”
Backing his call with action, Sun revealed that JustLend’s new STRX staking feature has already slashed energy rental prices by 30% in multiple scenarios, with further fee-reducing measures now underway.
Overbought but unbothered
Despite a minor dip, PENGU’s momentum remained firmly intact at press time. The RSI sat above 81, showing extreme overbought conditions; yet buyers haven’t backed off.
Source: TradingView
After a sharp multi-day rally, the red candle may reflect short-term profit-taking rather than a reversal. The MACD line continued to climb above the signal line, showing bullish strength.
Volume remained elevated, confirming market interest hasn’t faded. Technicals suggest PENGU could see further upside; though traders should watch for cooling signs after the parabolic run.
