PENGU Token Surges 14% as CBOE Files for Canary Capital PENGU ETF, Igniting Investor Optimism

PENGUUSDT has experienced a notable 14.03% price increase over the last 24 hours, rising from a 24h open of $0.009165 to a current price of $0.010451 on Binance. This price movement is primarily attributed to heightened market anticipation following the recent submission of a 19b-4 form by the CBOE to list Canary Capital’s PENGU ETF, which proposes significant allocation to PENGU tokens and Pudgy Penguin NFTs. The ETF filing has triggered increased trading activity and optimism, as investors expect potential regulatory approval to act as a major catalyst for further price appreciation. Trading volume remains strong, and PENGU continues to attract considerable attention, with its market capitalization near $717.9 million and a circulating supply of approximately 62.86 billion tokens. Overall, the asset is seeing elevated investor interest and liquidity, driven by regulatory developments and positive sentiment surrounding the potential ETF launch.