#binance #hype #zec #near
10/07/25 20:46 UTC-04

PENGU Price Jumps 34% Amid ETF Hype

 

Over the past 24 hours, the native token of the Pudgy Penguins NFT project surged by 24%, reaching a six-month high. The rally began after the U.S. Securities and Exchange Commission (SEC) approved a spot PENGU ETF application filed by Canary Capital.

The meme coin frenzy was accompanied by a 500% increase in daily trading volume, which soared to $864 million, signaling strong bullish sentiment among traders.

Following today’s price spike, PENGU’s market capitalization surpassed $1.23 billion.

According to Coinglass, open interest in the meme coin rose by 51%, reaching $276 million. Over $3.18 million in short positions were liquidated in the past 24 hours, putting PENGU in line with the top meme tokens on Solana.

Technical indicators also suggest rising buying pressure for PENGU. Crypto whales have become more active as well. Nansen data shows that the balance of wallets holding over $1 million in PENGU increased by 1% in the past 24 hours.

Popular crypto analyst Ali Martinez pointed out that the token is forming a classic bullish pattern on the chart and predicted a 200% price increase — to $0.60 — by August next year.

See also: "Cardano Cryptocurrency Rises 10% in Bullish Rally"

#Pudgy Penguins, token, PENGU

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