The PENGU token is showing a sharp increase following the submission of documentation for a proposed exchange-traded fund (ETF) in the United States. This memecoin, supported by several emerging NFTs, is attracting attention from analysts and investors.
Overview of PENGU and ETF
The PENGU token experienced a significant price increase following the filing of a proposal for an ETF with U.S. regulators on July 10, 2025. The fund is expected to hold primarily PENGU tokens, specifically 80% to 95% of its assets, while 5% to 15% will be allocated towards Pudgy Penguins NFTs.
Market and Price Movement
Over a span of seven days, PENGU's market value increased by 56%. Trading activity surged 30% within 24 hours after the ETF announcement, despite declines in other cryptocurrencies like Bitcoin. During this period, the token's market capitalization added $350 million. This rise was further supported by listings on Revolut and Upbit exchanges, as well as branding for Pudgy Penguins appearing on Nasdaq's advertising screens.
Outlook and Conclusion
Technical analysts, including Ali Martinez, have noted a 'cup-and-handle' formation, which may lead to further increases up to $0.060. Traders are now awaiting the SEC's decision on the ETF proposal after its standard comment period. There is also an upcoming launch of a mobile game, Pudgy Party, scheduled for late 2025, which could influence NFT demand.
PENGU exhibits significant market volatility, with its value potentially continuing to rise based on ETF approval outcomes and other technology-related developments and NFT interest.
