Why is the Pudgy Penguins (PENGU) Price up by 70% This Week?
2025-07-03 16:47:52
Main Idea
Pudgy Penguins (PENGU) has seen a significant price surge and market capitalization growth, driven by potential ETF introduction and platform listings.
Key Points
1. PENGU's price increased by over 70% in the past seven days, reaching a two-month high of roughly $0.016.
2. Its market capitalization surpassed $1 billion, making it the eighth-largest in its field and the 94th-biggest among meme coins.
3. Canary Capital filed with the CBOE to introduce a PENGU ETF, which would be the first in America to hold actual NFTs from the Pudgy Penguins collection.
4. Revolut listed PENGU on its trading platform, providing access to its multi-million-user base.
5. Industry participants speculate that PENGU could experience a massive rally toward $0.044, representing a 200% increase.
Description
TL;DR The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion. Analysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU’s current trajectory and PEPE’s past breakout. PENGU’s Rally The Solana-based Pudgy Penguins (PENGU), which saw the light of day towards the end of last year, appears to be among the latest major trends in the meme coin niche. Its price jumped by over 70% in the past seven days, reaching a two...
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