• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

PENGU Price Surges 29% After ETF Filing

user avatar

by Giorgi Kostiuk

10 hours ago


Solana-based PENGU cryptocurrency surged 29% after the SEC's acknowledgment of a Spot ETF filing, indicating rising institutional interest.

Rising Interest in PENGU

The price of PENGU surged nearly 29% after the SEC acknowledged a Spot ETF filing. This unexpected institutional signal is rare in the meme coin sector, potentially paving the way for further market interest.

The acknowledgment by the SEC suggests an unusual development for a meme coin linked predominantly with the Pudgy Penguins NFT project. Investors are closely observing the regulatory progress and accumulations in response.

Whale Accumulation and NFT Growth

The immediate effect on PENGU's value surged past $0.01902, fueled by intensified whale accumulation. This activity saw over 200 million PENGU acquired by major investors seeking to leverage the surge.

Financial implications include growing interest in NFT-linked assets, marked by a 34% increase in Pudgy Penguins NFT sales. This activity confirms strong community support and investor speculation on meme coin growth prospects.

Market Impact and Trends

Despite the significant market impact, large cap assets like ETH and BTC remained largely unaffected. The PENGU surge appears concentrated within the meme coin and NFT niches, emphasizing its distinctive market position.

Historical trends suggest that unlike previous meme coin rises tied to media endorsements, this ETF acknowledgment marks a potential regulatory turning point. Analysts speculate on further price movement reaching up to $0.060 if trends continue.

The developments surrounding PENGU highlight a growing institutional interest in meme coins and related assets, presenting new opportunities for further growth and development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

NRW BANK Launches €100 Million Blockchain-Based Bond Issuance

chest

NRW BANK has issued bonds on the Polygon blockchain, marking a significant step in the digital securities landscape in Europe.

user avatarGiorgi Kostiuk

Trezor vs Ledger: How to Choose the Best Cryptocurrency Wallet

chest

An overview of the features and differences of Trezor and Ledger crypto wallets in 2025 for ensuring the safety of your assets.

user avatarGiorgi Kostiuk

Chainlink (LINK) Shows Strong Signals for Further Growth

chest

Chainlink prices are rising confidently following a breakout past resistance at $13.90, with prospects for growth toward $16.00.

user avatarGiorgi Kostiuk

Crypto Options: A New Tool for Traders Amid High Demand

chest

The crypto market is setting records, and options trading becomes the main way for traders to extract maximum profit.

user avatarGiorgi Kostiuk

Token $PESC Presale: New DeFi Platform PEPESCAPE Hits the Market

chest

The presale of the $PESC token has launched. PEPESCAPE introduces an innovative DeFi platform with a unique profit-sharing model.

user avatarGiorgi Kostiuk

Polygon Launches Major Upgrade to Heimdall v2

chest

Polygon has upgraded its PoS protocol Heimdall v2, adding new features and important changes for users.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.