- PENGU gained 50.81% over a week as the overall market settled unchanged.
- The potential ETF offering by Canary Capital stirs investor enthusiasm and volume again.
- The token re-enters the top 100 cryptos as per today’s market capitalization ranking.
Pudgy Penguins (PENGU), a token that is part of a leading NFT project, has pulled off a stunning comeback in crypto listings. The token has increased by 50.81% over the past week and is among the top gainers of the market.
The jump has been noted at a time when there is general market indecision, therefore further emphasizing the resurgence of the token.
The token is worth $0.01423, a 4.74% gain in the last 24 hours. The volume hit a peak at $721.74 million, an 18.14% rise. With a market capitalization of $894.6 million, the token is back in the top 100 largest cryptocurrencies by market size.
Also Read: PENGU Price Forms Bullish Triangle, Breakout Toward $0.022 Possible
ETF Proposal Sparks Surge in PENGU Interest
Among the factors contributing to such bullish optimism has been the advancement of a prospective exchange-traded fund tied to the ecosystem of the Pudgy Penguins. A 19b-4 statement was submitted by Cboe BZX Exchange to the U.S. Securities and Exchange Commission last June 25.
The offering is a continuation of Canary Capital’s March 2025 S-1 filing. It also boasts a fund structure that will retain 80% to 95% of its proceeds in PENGU tokens and the remainder in Pudgy Penguins NFTs.
The hybrid format is intended to draw investor interest from a wide range of market players who are active both in the token and digital collectibles sectors.
The market operators took the filing positively as a potential avenue to greater institutional accessibility. With continued approval, ETF Buzz has been promoting rising prices as well as higher trading volume. The growing chatter around ETFs in association with NFTs further escalated reviews of tokens during a vital period.
Technical Signals Highlight Strong PENGU Market Momentum
Technical analysis from Altcoin Sherpa supports a bullish outlook for PENGU in the near term. Price action on shorter timeframes, including hourly charts, continues to show strong support in the $0.012 to $0.013 range.
Resistance is still around $0.015 to $0.016, and then further upside is targeting $0.01745. Volume and orders flow are both signaling that buyers have stepped in at every drop and then continued buying, a signal of renewed demand.
While still 77% down from its December 2024 peak, its resurgence path is gaining credibility. With a blend of favorable regulation and strong community backing, it has revived the purpose surrounding tokens in a highly competitive marketplace.
Also Read: PENGU Surges 50% As NFT Momentum Targets $0.025 Zone