PENGU Token Surges 11.39% as Cboe ETF Proposal and Nasdaq Spotlight Ignite $121M Trading Boom

PENGUUSDT experienced an 11.39% price increase over the past 24 hours, rising from a 24h open of $0.009249 to a current price of $0.010302 on Binance. This price surge is primarily attributed to heightened investor optimism following the Cboe BZX Exchange’s submission of a proposal to list the Canary PENGU ETF, which would allocate the majority of its assets to PENGU tokens and Pudgy Penguin NFTs. The ETF proposal, now under SEC review, has driven significant market attention and increased trading activity, as evidenced by a 64% jump in 24-hour trading volume to over $121 million and a 10.2% gain over the past week. Additional momentum came from mainstream exposure during the Nasdaq opening bell ceremony and growing interest in PENGU’s gaming integrations. Overall, PENGU’s recent price and volume movements reflect strong positive sentiment and increased institutional and retail engagement, with traders closely monitoring technical levels for continued upward momentum.