Altcoins saw a sharp surge over the past 24 hours, with PancakeSwap (CAKE) and Jupiter (JUP) leading gains amid renewed buying pressure across the market. Meme coin SPX6900 (SPX) surged to a new all-time high, breaking above the $2 mark and ranking third by market cap at press time. Ethereum (ETH) led the broader altcoin rally, rising over 3% to cross the $3,900 level. The surge followed news that SharpLink Gaming, backed by Ethereum co-founder Joseph Lubin, purchased an additional 77,210 ETH—worth approximately $295 million—as part of its ongoing accumulation strategy. The CMC Altcoin Season Index rose to 44, up from 21 last month, signalling increasing investor interest beyond Bitcoin. A new altcoin, Bitcoin Penguins (BPENGU), is set to begin its presale later today, aiming to capitalise on the dual momentum of meme-driven enthusiasm and Bitcoin’s recent breakout to new record highs. Positioned at the intersection of viral meme culture and crypto market strength, BPENGU blends the appeal of penguin-themed tokens with the renewed bullishness surrounding Bitcoin. With BTC’s latest rally fueling risk-on sentiment, the project is hoping to ride that wave into the ranks of the top 50 tokens. Why Bitcoin Pengu can grab eyeballs The project aims to blend meme appeal with integration into Bitcoin infrastructure, positioning itself as a potential beneficiary of Bitcoin’s ongoing rally. Among the standout features is a weekly 1 BTC jackpot distributed to top stakers, with rewards issued transparently on-chain—an incentive that aligns with the coin’s alignment to Bitcoin maximalist values. Backed by Bitcoin’s surge above $120,000 this quarter and continued institutional inflows, the broader market has entered what many view as the early phase of altseason. The altcoin season index, which tracks relative performance between Bitcoin and altcoins, has climbed sharply over the past month, suggesting capital rotation is underway. With Bitcoin’s rally showing signs of plateauing, capital rotation appears to be underway, with funds moving into themed altcoins such as BPENGU. The combination of strong Bitcoin momentum, rising interest in meme assets, and the onset of altseason is creating favourable conditions for projects embedded in the Bitcoin ecosystem. The presale is going to go live soon The presale for Bitcoin Penguins brings structure and urgency to the token’s early-stage offering, with a clear end date and a dynamic pricing model designed to reward early buyers. The presale is split into 15 stages, with the price of BPENGU increasing by 5% at each successive stage. This results in a cumulative price increase of 75% from Stage 1 through Stage 15. Investors who enter during the initial stage stand to see notional gains of over 75% by the time the token launches. This escalating price mechanism is aimed at creating strong early momentum and encouraging timely participation, in contrast to the open-ended presales that have recently faced fatigue among crypto investors. The presale is strictly limited to 30 days, ending on August 27, or earlier if the project hits its $10 million hard cap. The team has also confirmed a claim and public listing date of September 2, giving buyers a definitive schedule from day one. That clarity—rare in current presale cycles—is likely to resonate with investors eager for transparency and timely token delivery. The project is positioning itself to capitalise on both Bitcoin’s recent surge past $120,000 and the growing popularity of meme tokens. The combination of a structured presale, thematic branding, and integration into the Bitcoin ecosystem has helped BPENGU gain early attention as the next possible breakout in the altcoin space. The post Bitcoin Penguins presale goes live later today: check out details appeared first on Invezz
