Pudgy Penguins faces a challenging moment as the SEC has postponed the review of its proposed Canary PENGU ETF. This delay, now scheduled for March 11, 2026, has sparked concerns among investors and traders alike, and the analysis suggests that the situation is causing growing concern.
SEC Announcement and Market Reaction
The announcement from the SEC has led to a notable 6% decline in the price of the PENGU token, highlighting the market's sensitivity to regulatory developments. Investors are increasingly wary of the speculative nature of the token amidst this uncertainty.
Community Engagement and Trading Volumes
Despite the setback, the Pudgy Penguins community remains actively engaged, with discussions and support continuing across various platforms. However, the delay has noticeably impacted trading volumes as participants await clearer guidance on the regulatory landscape surrounding the ETF.
In light of the recent challenges faced by Pudgy Penguins, Pepeto has made strategic moves to capitalize on the anticipated 2026 bull run. For more details, see the full article here.
