Nietzschean Penguin jumps 179% after White House post – What now?

Since its launch four days ago, Nietzschean Penguin emerged as one of crypto’s most actively traded memecoins.

Nietzschean Penguin [PENGUIN] surged from a low of $0.0021 to an all-time high of $0.174 before facing a sharp pullback. At press time, the token traded near $0.123, marking a 179% daily gain.

Over the same period, trading volume jumped 823% to $579 million, while market capitalization crossed $100 million.

That explosive move left traders asking one question. What sparked the frenzy?

White House post fuels speculation

Momentum accelerated after the official White House X account shared a viral image of Donald Trump holding hands with a penguin, captioned,

The picture had Donald Trump holding hands with Penguin and was captioned, 

Following the post, PENGUIN’s trading volume surged to $244 million, while the price pushed into new all-time highs.

That reaction reflected classic memecoin behavior, as traders rushed to monetize a sudden viral narrative.

However, speculation alone did not drive the entire move.

PENGUIN whales aggressively accumulate

As the market narrative began to favor PENGUIN, investors, especially whales, poured massive capital into it, further accelerating its upside. 

Onchain Lens reported that a whale has bought 20.78 million PENGUIN for 20,575 SOL, worth $2.6 million, and transferred it to another wallet.

Additionally, Arkham data showed that a whale accumulated 5.16 million, currently valued at $618k, with $346k in unrealized profit. 

Thirdly, another wallet scooped up 6 million PENGUIN tokens, currently valued at $773k, with $455k in unrealized profit. 

With whales aggressively purchasing PENGUIN, it indicates strong market confidence as they anticipate further price appreciation. 

Profit realization hit a record level

As expected, in addition to their accumulation, whales have also sold into the rally as the price continued to rise. 

For starters, Lookonchain reported that a whale spent 6 SOL to buy 16.5 million tokens, then sold them all for 6.12 SOL. After the sale, the whale realized $0.12 in profit, worth $18 in Sol. 

Even after selling, PENGUIN continued to surge, and the 16.5 million tokens are now worth $1.4 million. He missed out on a $1.4 million profit.

Additionally, another whale sold all 15.94 million PENGUIN for a profit of $1.7 million, according to Lookonchain. 

Often, when whales turn to selling into the rally, it puts downside pressure on the market, potentially derailing upside. This scenario is evidenced by the memecoin retrace towards $0.12 from $0.17.

Momentum faces a test

Speculative demand drove the initial rally, amplified by whale accumulation during the breakout phase.

However, profit realization began to tilt short-term control back toward sellers.

Buyer–seller strength data showed buyers leading for three straight days before sellers regained dominance. Seller strength rose to 61.6 at press time.

At the same time, A/Dv volume pointed to growing distribution, as volume declined from roughly 36 million to 13 million.

This left PENGUIN’s next move dependent on participation trends.

If buyers, particularly whales, resume accumulation, the price could reclaim $0.17 and attempt a push toward $0.20.

By contrast, continued selling pressure could see PENGUIN lose its $0.10 support and slide toward $0.09.

Final Thoughts

• Whale accumulation powered PENGUIN’s rally, but seller dominance hints at fragile momentum.
• Still, early distribution suggests momentum is no longer one-sided.