On June 28, 2025, the price of the PENGU token surged by 20% driven by whale trading activity and speculation surrounding a possible Cboe ETF filing. This rise has spurred increased interest in the Pudgy Penguins project.
Factors Driving PENGU Price Growth
The market responded to speculation regarding a Cboe ETF launch, resulting in a significant increase in trading activity. Market players note that this rise aligns with previous trends in memecoins, indicating potential for increased volatility.
Whale Activity and Trading Volume
In the last 24 hours, the trading volume of PENGU exceeded $107.18 million, confirming strong market interest. This situation suggests potential liquidity inflow and attempts by market participants to assess the impact of major investors on memecoin dynamics.
Future of the Pudgy Penguins Project
The key figure behind the Pudgy Penguins project is founder Luca Donofrio, who has not made any official comments regarding the recent surge. The success of the PENGU token may influence the popularity of other tokens related to NFTs and memes, leading to broader implications for this sector.
The recent increase in PENGU’s price illustrates the significant impact of whale activity and current market speculation. The future of the Pudgy Penguins project and other memecoins will rely on maintaining trading activity and institutional investor interest.
