Key Takeaways
- PENGU tops the gainers list thanks to notable whale accumulation.
- BONK broke out of a falling channel and looks ready to trade higher.
- FARTCOIN shows bullish momentum amid a strong support level.
As we head into the first week of July 2025, market uncertainty remains high, but that hasn’t stopped a handful of altcoins from posting surprising gains.
What’s especially notable is that many of the top performers aren’t utility-driven tokens, but memecoins.
Pudgy Penguins (PENGU), Bonk (BONK), and Fartcoin (FARTCOIN) have all surged despite broader market hesitation.
Here’s a closer look at how these tokens outperformed the competition and what could happen to their prices.
Pudgy Penguins (PENGU)
PENGU has emerged as the week’s top-performing altcoin, surging 68.9% over the past seven days to trade at $0.016.
Despite this rally, the token remains down 76.5% from its all-time high, but that hasn’t deterred large holders from doubling down.
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According to CCN’s analysis, sustained buying from crypto whales has played a key role in PENGU’s recent breakout.
Data from Glassnode shows a clear uptick in wallets holding more than 10,000 PENGU tokens since June 23, confirming a rise in large-scale accumulation.
This buying pressure helped PENGU outperform every other token in the top 100 this week.
If momentum holds, the next price target could be the $0.020 resistance level. Technically, the token has already broken out of a falling channel on the 4-hour chart, which is often a bullish sign.
Further confirmation comes from on-chain indicators like the Chaikin Money Flow (CMF) and Awesome Oscillator (AO), both of which remain in positive territory. If these stay green, a rally toward $0.025 could be in the cards.
However, it’s not all smooth sailing. If bearish pressure forces a drop below the channel’s lower trendline, PENGU could retrace sharply, potentially falling back to $0.0067.
Bonk (BONK)
Solana-based meme coin BONK is also among this week’s altcoin gainers. Due to rising selling pressure, BONK’s price has increased in the past seven days.
Like PENGU, BONK surged above a falling channel, but it was on the daily chart this time.
As of this writing, the memecoin trades at $0.000017. However, the current Bull Bear Power (BBP) position indicates that the token might break the overhead resistance at $0.000020.
If that happens, BONK’s next target could be $0.000028 at the 0.618 golden pocket ratio. Meanwhile, if bulls step back and bears return, this could be invalidated, and BONK’s price might slide below $0.000010.
Fartcoin (FARTCOIN)
After dropping below $0.90 two weeks ago, FARTCOIN has reclaimed its place as one of the top altcoin gainers.
This week, the Solana memecoin has increased by 18.94% and hovers near $1.17.
Amid this move, FARTCOIN’s price has risen above the 20-period Exponential Moving Average (EMA) on the daily chart. The rise above the 20 EMA (blue) indicates strong support for the token.
The AO has also switched to the positive region. If this trend continues, FARTCOIN’s price might rally to $1.65.
However, if selling pressure increases, FARTCOIN’s price might fall to $0.85.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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