The $PENGU token, created by the Pudgy Penguins team, has significantly increased in value amid news of the first NFT-backed ETF. This event has drawn investor attention to meme tokens.
Surge in $PENGU Price
$PENGU, a widely recognized meme coin, has surged by 90%. Over the past 24 hours, the token price fluctuated from $0.02315 to $0.03208. At the time of writing, $PENGU is trading at approximately $0.02891.
SEC Memorandum on the First NFT ETF
The token's price started to skyrocket after the United States Securities and Exchange Commission confirmed the application for an NFT-backed ETF. On July 9, the SEC acknowledged that the Canary Capital Group had submitted an application to launch an ETF that would combine $PENGU token and the Pudgy Penguins NFT collection. This fund will provide investors with a new way to gain exposure to crypto assets without the need for ownership.
Potential of Token $T6900
Token TOKEN6900, a new meme coin based on Ethereum, is gaining traction among traders. It is built around internet humor and irony, while $PENGU helps to bring attention to meme tokens. TOKEN6900 aims to raise $5 million before future exchange listings, focusing on community engagement.
The events surrounding $PENGU and the ETF filing highlight the growing interest in meme tokens and NFTs within cryptocurrency investment. Potential regulatory changes regarding tokens could significantly impact the entire sector.
