Tag: CBOE

Pudgy Penguins (PENGU) surged over 15% in a single day, outperforming most memecoins and broader crypto markets

By ItalianCannon Key Points: Trading volume exploded by 220%, surpassing $1 billion in a matter of hours. The rally coincided with Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he signaled possible rate cuts in September. Despite strong momentum, technical indicators suggest PENGU remains in a corrective phase, trading within a defined channel. […]