Best Memecoin To Watch In 2026: Why PENGU Is Primed for the Next Bull Market Run
PENGU changed hands at $0.00998479 USD, or $0.01411667 CAD, on September 24, 2026, carrying a market capitalisation of $628 million USD at rank #98 and $308.9 million USD of turnover in the previous 24 hours. Two other prices matter more than the current one. The first is $0.0173 USD, about 73% above here. The second is $0.065 USD, about 551% above here, and that is our target for the end of 2026. If there is a best memecoin to watch in 2026, the case for PENGU has nothing to do with penguins. It has to do with what sits between those two numbers, which is a stretch of price where, over the last year, almost nothing traded.
The first level: $0.0173, and what an anchored VWAP actually is
$0.0173 USD is our short-term target, and it is not a round number lifted off a chart. It is the anchored volume-weighted average price measured from PENGU’s launch day, read from TradingView as part of our own technical work.
In plain terms: an anchored VWAP from launch is the average price paid by everyone who has bought the token since it started trading, weighted by how much money went through at each price. At $0.0173 the average buyer since launch is break-even. Below it, the average buyer is holding a loss. That is why it functions as a level rather than a target plucked from thin air, and it is the single price we would watch first.
One caveat we would rather state than bury. The free CoinGecko history we work from reaches back 365 days, and PENGU began trading in December 2024, so we could not independently reproduce the launch-anchored figure from the data on hand. The $0.0173 level is our TradingView reading, not a number we recalculated line by line. What we did compute, from 365 days of CoinGecko daily data to September 24, 2026, is the one-year anchored VWAP: $0.013432, with the current price sitting 25.8% below it. A launch anchor sitting above a one-year anchor is what you would expect given how much higher the token traded in December 2024, so the figure is consistent with what we can check. Treat it as our analysis, not as an audited number.
The thin zone between $0.016 and $0.028
Here is the part of this piece that is genuinely ours. We took 365 days of CoinGecko daily data to September 24, 2026 and split every dollar of traded volume by the price band it traded in. Days are the number of daily closes inside each band.
| Price band | Share of 365-day volume | Days |
|---|---|---|
| Under $0.012 | 63.7% | 296 |
| $0.012 to $0.016 | 11.1% | 29 |
| $0.016 to $0.020 | 2.4% | 6 |
| $0.020 to $0.024 | 8.9% | 16 |
| $0.024 to $0.028 | 4.2% | 6 |
| $0.028 to $0.040 | 9.6% | 13 |
Where PENGU actually traded over the last year. The red bands are the thin zone between $0.016 and $0.028. Daily history from CoinGecko, to September 24, 2026.
Add the three middle rows and the zone from $0.016 to $0.028 holds 15.5% of a full year’s volume across 28 of 366 days. That is the checkable version of what our anchored volume profile shows, which is light traded volume through exactly that range.
The practical reading is simple and it cuts both ways. Price has spent very little time in that zone and very little money has changed hands there, so there is not much prior trading to slow it down in either direction. Moves through thin volume tend to be quick because there is little to absorb them, and that is as true of a fall back through $0.016 as it is of a run up to $0.028. Note also that the thin zone is not uniform: the $0.020 to $0.024 band carries 8.9% of the year’s volume across 16 days, which makes it the busiest slice of an otherwise quiet range.
Our $0.0173 short-term target sits just inside the lower edge of this zone, in the $0.016 to $0.020 band that holds 2.4% of the year’s volume across six days. Reaching it means leaving the price region where most of the last year happened.
The end-2026 target is the old record, restated
We are not going to present $0.065 USD as a novel number. It is within 5% of PENGU’s all-time high of $0.068447 USD, set on December 17, 2024. Our end-2026 target is, in substance, a round trip back to the record the token set in its first month of trading.
From $0.00998479, $0.065 is a gain of roughly 551%. The record itself is roughly 586% away. Saying that plainly is more useful than dressing it up: this is a forecast that the token retraces everything it has lost, inside roughly fifteen months. It is a scenario we think is worth positioning around, not an outcome anyone should treat as settled.
What a PENGU holder actually owns is a separate question from where the price goes, and we worked through it from the token’s own disclosure in our explainer on the Pudgy Penguins token.
What argues against it, taken seriously
The bear case is not a footnote. It is the larger body of evidence right now.
The trend is down, not up. PENGU is 66.75% lower over the past year and 85.4% below its record. The 38.38% gain over the past seven days looks dramatic until you set it beside the 30-day change of +1.55%, which tells you the entire move is one week old. A week is not a trend.
There is a wall of prior trading to climb through. 63.7% of the last year’s volume changed hands under $0.012, across 296 of 366 days. That is overhead supply sitting between today’s price and the thin zone above, and it has to be worked through before the quiet part of the chart is even reached.
Dilution is still to come. 62.86 billion tokens circulate against 76.72 billion total and a maximum supply of 88.89 billion. The maximum is 41% above what circulates today. Market capitalisation is a function of both price and supply, and the supply side of that equation is not finished moving.
The downside range is real. The 365-day range runs from $0.005751 to $0.032893, and the all-time low of $0.00371517 was set on April 8, 2025. Nothing about the current price is near the bottom of what this asset has already done.
A Canadian investor who wants exposure to this sector without holding a memecoin has a listed route instead, which we track on our Canadian crypto stocks page, and we have compared crypto stocks against Bitcoin itself on the numbers.
What would confirm the thesis, and what would kill it
Both answers are levels, which is the point of framing it this way.
The thesis gains ground if price first reclaims the one-year anchored VWAP at $0.013432, the level it currently sits 25.8% below, and then holds above $0.016 where the tape thins out. From there, $0.0173 is the first real test, because that is where the average buyer since launch is whole again. Clearing $0.028 would put the 365-day high of $0.032893 in view, and only above that does a path toward $0.065 start to look like more than arithmetic.
The thesis weakens if the last week’s 38.38% move fades and price settles back under $0.012, into the band where 63.7% of the year’s volume already trades. It fails outright on a break of the 365-day low at $0.005751, and there is precedent below that in the April 2025 low of $0.00371517.
That is the whole picture as we read it: an asset down 66.75% on the year, with a defined gap above it where very little has traded, and two levels that will tell you quickly which way it is resolving. Watching is not the same as buying, and the levels above are what we will be watching.
Data as of September 24, 2026. Prices and supply figures from CoinGecko; volume-by-band, the 365-day anchored VWAP and the 365-day range are our own calculations from CoinGecko daily history. The $0.0173 launch-anchored VWAP and the $0.065 end-2026 target are our analysis.
Every price, supply and volume figure above comes from CoinGecko, pulled September 24, 2026.
The anchored VWAP levels in this piece are read from the PENGU chart on TradingView, which is where we do our technical work.
Disclaimer: The content on bestcanadianstocks.ca is for informational and entertainment purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions. Prices, supply and 365 days of daily volume history from CoinGecko, pulled September 24, 2026. The anchored VWAP levels are our own TradingView work and are identified as such in the piece.
