Pudgy Penguins (PENGU) Price Rises Amid SEC Acknowledgment of Canary Capital ETF Filing

Key Points

1. The SEC acknowledged Canary Capital's filing for the Canary PENGU ETF, proposing to list it on the Cboe BZX Exchange with a unique asset structure (80-95% PENGU tokens, 5-15% Pudgy Penguins NFTs).

2. PENGU's price rose to $0.018, a 23.54% increase, marking its highest level since late January 2025.

3. The ETF's hybrid approach aims to capture value from both tokens and NFTs, attracting a broader investor base.

4. Technical analysis suggests a bullish continuation pattern for PENGU, with potential for further price gains if resistance levels are breached.

5. Market sentiment is optimistic, with analysts viewing the ETF filing as a key catalyst for PENGU's growth and potential leadership in the meme coin sector.