Pudgy Penguins surges 64% in a week — What’s driving PENGU token rally?
2025-07-04 05:48:01
Main Idea
The Solana-based token PENGU, associated with the Pudgy Penguins NFT collection, has surged 64% in a week, re-entering the top 100 cryptocurrencies by market cap, amid excitement over a proposed hybrid ETF combining PENGU tokens and Pudgy Penguins NFTs.
Key Points
1. PENGU token has risen 64% over the past week and 13% recently, though it remains 77% below its December 2024 peak of $0.06845.
2. The Cboe BZX Exchange filed to list the Canary PENGU ETF, which would allocate 80–95% to PENGU tokens and 5–15% to Pudgy Penguins NFTs.
3. Pudgy Penguins NFT floor price increased by 2.7% to 9.65 ETH, with a market cap of $209 million.
4. PENGU's technical indicators show overbought conditions (RSI at 72.89) and sustained short-term strength, trading above key moving averages.
5. The ETF proposal has boosted market sentiment, though traders remain cautious pending regulatory clarity on its approval.
Description
PENGU, the Solana-based token associated with the Pudgy Penguins NFT collection, has jumped 64% over the past week, climbing another 13% in the last 24 hours. Due to the recent rally, Pudgy Penguins ( PENGU ) is now one of the top weekly performers and has re-entered the top 100 cryptocurrencies by market capitalization. The token is still 77% below its December 2024 peak of $0.06845 despite the gains. The recent surge follows growing interest in a proposed exchange-traded fund that would combin...
Latest News
- Belgian Court sentences three for crypto coach’s wife kidnapping2025-07-04 12:19:31
- SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m2025-07-04 11:32:52
- Amber International raises over a quarter of $100m goal to boost crypto holdings2025-07-04 11:32:05
- Analysis: Bitcoin could reach $120K in July amid BTC market maturity2025-07-04 11:29:14
- $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report2025-07-04 11:16:45