PENGU Coin Sees Increased Interest After SEC Spot ETF Filing Acknowledgment, Targets $0.060 by August

Key Points

1. PENGU token's price rose by 29% to $0.01902 within 24 hours following the SEC's acknowledgment of Canary's spot ETF filing.

2. Canary's ETF proposal includes 80–95% allocation in PENGU tokens and 5–15% in Pudgy Penguins NFTs, aiming to leverage both token liquidity and NFT scarcity.

3. Open interest in PENGU futures contracts surged by 52%, reaching approximately $278 million, indicating growing investor engagement.

4. Analyst Ali from COINOTAG predicts PENGU could reach $0.060 by August if the ETF gains approval, with current support above $0.013.

5. The SEC's acknowledgment has brought PENGU into the spotlight, but formal ETF approval remains pending, requiring cautious monitoring.