PENGU vs BONK: Which Meme Coin Has More Upside Potential in August 2025?

The meme coin market is heating up again, and two tokens are at the center of the buzz: PENGU and BONK.

Both have caught the attention of the crypto community and analysts alike, especially after a well-known trader predicted fresh gains for each. If you’re wondering where the better opportunity lies this August, you’re not alone.

The question is loud and clear: PENGU vs BONK: Which Meme Coin Has More Upside Potential in August 2025?

One analyst, known for calling Bitcoin’s local top in January 2025, believes PENGU is just getting started. Meanwhile, BONK is showing some classic reversal signals on the charts.

In this article, we’ll explore what’s driving the momentum behind these coins and what might come next.

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Key Takeaways

1. PENGU is entering its fifth wave: According to Elliott Wave theory, it may be on the verge of a fresh rally above $0.05.

2. BONK is showing bullish divergence: A common signal for upcoming price reversal, catching trader interest this week.

3. Both coins are rising, but differently: While PENGU has dipped and may bounce soon, BONK is quietly picking up strength.

What’s Behind the Hype for PENGU in August 2025?

PENGU, also known as Pudgy Penguins, has been making waves this year, especially after multiple bullish rallies since early July.

Recently, the pseudonymous trader Bluntz, known for accurately calling market moves, pointed to a potential fifth wave coming for the token.

Based on Elliott Wave theory, PENGU appears to be in wave four, which typically leads into a final upward surge, wave five.

Right now, PENGU is priced at around $0.0357, but Bluntz suggests that the coin could push beyond $0.05 before this current cycle ends.

That would mark a significant gain from current levels and could offer one more opportunity for those who missed the earlier move.

What’s Elliott Wave Theory?

In simple terms, Elliott Wave theory breaks price movements into five parts in a trend. Waves one, three, and five usually move upward in a bull market.

Waves two and four are pauses or corrections. Right now, PENGU is believed to be in wave four, which means a fifth, possibly final, push upward is just around the corner.

Why This Dip Might Be a Good Entry

The recent 33% pullback in PENGU is seen as a healthy correction after its sharp rally. Bluntz calls it a “good one to bid,” suggesting now might be a favorable time to enter before the next surge.

For short-term traders, this setup is appealing, especially in the high-volatility world of meme coins.

Read Also: Top 5 Meme Coin in August 2025: Provide Promising Profits?

BONK’s Silent Strength: Can It Catch Up to PENGU?

BONK, a meme coin originally launched on the Solana blockchain, is also drawing attention from the same analyst.

While PENGU had its breakout moment earlier this summer, BONK is now showing signs of life on shorter timeframes. The key technical signal being watched is a bullish divergence on BONK’s four-hour chart.

In technical analysis, this occurs when the price of an asset drops while the underlying momentum indicators (like RSI) start to rise. It’s often seen as a sign that sellers are running out of steam, and a reversal could be coming.

At the time of writing, BONK is priced at $0.000026, up nearly 5% in the past day. Although this is a much lower price compared to PENGU, remember that percentage moves matter more than token price when it comes to potential returns.

BONK’s Momentum Building Quietly

Unlike PENGU, which saw a strong rally followed by a pullback, BONK is taking a slower, steadier route.

Some traders see this as a positive, as it suggests BONK is building a foundation before its next leg up. The lack of a dramatic pump might actually make it less prone to quick dumps.

Analyst Outlook: “A Good Spot to Bid”

Bluntz noted this bullish divergence as a good buying opportunity for BONK. While the move may not be as explosive as PENGU’s projected fifth wave, BONK could offer consistent gains in the short term, especially if meme coins remain popular throughout August.

Read Also: Why PENGU Could Be the Next Viral Meme Coin After Solana’s 5% Dip

PENGU vs BONK: Comparing the Risk and Reward

Now to the big question: PENGU vs BONK: Which Meme Coin Has More Upside Potential in August 2025? Let’s break down a few key factors that could influence your decision:

Short-Term Momentum

1. PENGU is expected to begin its wave-five surge, possibly heading over $0.05. This could happen quickly if sentiment remains strong.

2. BONK, on the other hand, is in a quieter phase but gaining traction through bullish divergence signals.

Current Price Action

1. PENGU has already corrected by 33% and may be ready to rebound.

2. BONK hasn’t corrected much but is showing rising momentum on shorter timeframes.

Market Sentiment

1. PENGU is the more talked-about coin right now, giving it more visibility and potential for FOMO-driven moves.

2. BONK benefits from being slightly under the radar, offering more stability and less noise.

Risk Appetite

1. If you’re looking for a more aggressive play with higher volatility and possible quick gains, PENGU may be your pick.

2. If you prefer steadier setups and waiting for breakouts, BONK could be a safer bet.

Read Also: Crypto Analyst Who Predicted Bitcoin Pullback: ‘PENGU Set for Next Leg Higher’

Conclusion

Both PENGU and BONK offer compelling opportunities for crypto traders this August, but in slightly different ways.

PENGU looks primed for a fresh leg up based on Elliott Wave analysis, making it a hot candidate for a short-term spike.

BONK, meanwhile, is flashing early reversal signals, which could lead to slower, more gradual gains.

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FAQ

What is PENGU?

PENGU, also known as Pudgy Penguins, is a meme coin that combines internet culture with short-term trading appeal. It has gained traction for its strong rallies and capped supply.

What is BONK?

BONK is a meme token built on the Solana network, known for its fast and low-cost transactions. It’s one of the original Solana meme coins that saw early adoption in late 2023.

Who is the analyst behind the predictions?

The crypto strategist known as Bluntz on X (formerly Twitter) is behind the recent calls on PENGU and BONK. He is known for accurately predicting Bitcoin’s pullback in January 2025.

Why is PENGU showing potential for another rally?

PENGU is currently in wave four of an Elliott Wave cycle. If correct, this sets the stage for wave five, which could push its price over $0.05 soon.

What is a bullish divergence, and why is it important for BONK?

A bullish divergence occurs when the price drops but momentum indicators rise. It’s considered a sign that selling pressure is weakening and a price reversal may be near.

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