PENGU token has surged 384% in a month, backed by strong volume and investor growth.
Binance Futures and Gemini listings boost accessibility and help support trading momentum.
Rumors of a possible PENGU ETF are driving increased attention from both traders and analysts.
The PENGU token has recorded a 40% gain over the past seven days, with a 12% increase in just the last 24 hours. At the time of writing, the token trades at approximately $0.04121 after fluctuating between $0.0360 and $0.0458 in daily price action. This marks a 384% increase over the past month and reflects a reversal from last year’s downtrend.
According to CoinMarketCap, the token has yet to reclaim its all-time high of $0.069 set in December 2024. However, current trading activity indicates growing interest. Open interest has surged 31% to around $748 million, while trading volume rose by nearly 42% to $5.99 billion, based on data from Coinglass.
The number of PENGU holders has exceeded 868,000, showing stronger engagement from both retail and large investors.
ETF expectations boost sentiment
Social media discussions have intensified around the possibility of a PENGU ETF. While there is no confirmation yet, market observers expect regulatory clarity between late July and mid-September. Analysts suggest mid-August could be a key timeframe, based on standard SEC review patterns.
The renewed token momentum aligns with the fourth anniversary of the Pudgy Penguins NFT collection. As PENGU is associated with the broader Igloo brand, interest in the NFTs is positively affecting the token. Moreover, the recent bullishness of the token has been confirmed by the statement of a portable game launching on the App Store (Apple) and Google Play.
Trading occurs based on major exchanges
Gemini has declared the details of the possibility of PENGU deposits, withdrawals, and making trades on their platform. Also, Binance Futures has announced that it will launch USDⓈ-M PENGU USDC perpetual contracts on July 23. These developments are believed to increase the accessibility of liquidity and trading.
PENGU has broken through key short-term resistance levels. Analysts note that if current momentum persists and large investors continue accumulating, the price could double or triple in the near term.
