PENGU Coin Sees Increased Interest After SEC Spot ETF Filing Acknowledgment, Targets $0.060 by August
2025-07-10 21:13:38
Main Idea
PENGU Coin's price surged 29% after the SEC acknowledged Canary's spot ETF filing, with increased futures market activity and a price target of $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.
Description
PENGU token experiences a significant rally following the SEC’s acknowledgment of Canary’s spot ETF filing, signaling renewed investor interest. The surge in PENGU price to $0.01902 and a 52% increase
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