📈 $PENGU Rallies 20% Amid Whale Activity and ETF Hype
In a surprising move, the price of $PENGU surged over 20% following a wave of whale accumulation and renewed speculation around a possible ETF listing. This comes as the Cboe officially filed a proposal for the Canary PENGU ETF, potentially the first of its kind tied to memecoins and NFTs.
🔍 What’s Driving the Surge?
• Whale Buying: Large wallets have been actively accumulating PENGU, signaling strong institutional interest.
• ETF Momentum: Cboe’s filing has reignited investor confidence, with many seeing it as a step toward memecoin legitimacy.
• Technical Breakout: Analysts are pointing to a bullish wedge breakout, with price now targeting the $0.015–$0.017 range — nearly 70% upside from current levels.
• Volume Spike: Trading volume has crossed $100M, confirming strong market participation behind the move.
💡 Final Take
PENGU’s recent rally isn’t just another meme pump — it reflects a deeper shift toward regulatory recognition and institutional entry. If the ETF materializes, it could unlock a new chapter for NFT-linked tokens. While volatility remains, the fundamentals behind this move deserve close attention.
