Pudgy Penguins' PENGU Token Doubles in a Week Amid ETF Hype
2025-07-15 11:12:23
Main Idea
The Pudgy Penguins-themed meme coin, PENGU, has surged over 100% in the past week, driven by ETF speculation and social media hype, but analysts are skeptical about its long-term sustainability.
Key Points
1. PENGU is trading at just under $0.031, up 9.7% in the last 24 hours and 101% on the week, according to CoinGecko data.
2. The rally follows the U.S. SEC adding new filings, including a 19b-4 application from Cboe to allow trading of the Canary PENGU ETF.
3. Analysts are divided on PENGU's sustainability, with some attributing the surge to ETF approval hype and social media activity, while others question its fundamental value.
4. Pudgy Penguins, originally an NFT collection, has expanded into licensed toys sold in major retailers like Walmart and Target.
5. Coinbase's X profile picture change to a Pudgy Penguins NFT further fueled bullish sentiment around PENGU.
Description
The PENGU meme coin has posted one of the week’s biggest gains, but questions remain over its long-term viability in the current market.
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