I don’t know about you, but I’ve been watching $PENGU closely ever since the NFT market started heating up again. And honestly, this latest move feels different.
Here’s what got my attention 👇
Pudgy Penguins just hit #2 by NFT market cap ($556M), flipping even BAYC.
Binance removed the Seed Tag on July 21 — which instantly boosted credibility and opened the floodgates for fresh liquidity. We’re talking nearly $2B in volume in just 24 hours.
On the chart side, PENGU broke past $0.033 with RSI still under overbought zones (sitting at 75.92), so there’s room.
But what really made me stop and take this seriously?
There’s ETF speculation swirling — apparently, Cboe BZX is looking at a PENGU-focused ETF (80–95% token allocation!). That’s massive if it goes through.
We’re already testing the 127.2% Fib extension around $0.0424, and the MACD flipped bullish days ago. If ETH keeps up its rally, this could carry momentum way beyond meme token status.
So now I’m asking myself (and you):
Could PENGU actually become the first NFT-backed token to break into real institutional flows via ETF rails?
I’m not saying ape in — but if you’re sleeping on this, you might want to take another look.
