#PINGU The PENGU digital currency jumped by more than 23% in recent hours, reaching $0.0177, its highest level since last January, raising its gains to over 125% during the month, and 370% since its lowest levels in 2025.
This strong rise came after the U.S. Securities and Exchange Commission (SEC) officially acknowledged the submission of a proposal to launch an Exchange-Traded Fund (ETF) specifically for the PENGU currency, in a development described by observers as historic, which may open the door for major institutional investments.
The proposed fund, known as the Canary Spot PENGU ETF, plans to allocate 80–95% of its assets to purchase PENGU currency, and 5–15% to buy NFTs associated with the Pudgy Penguins project, enhancing the project's position as a comprehensive digital environment that combines currencies and non-fungible tokens.
Thanks to these developments, the market value of the currency jumped to over one billion dollars, entering the list of the top 100 digital currencies in the world, ranking 89th in terms of market capitalization, and becoming the best-performing digital asset in recent days.
On-chain data also showed strong support signals for the bullish trend, notably a 21% increase in holdings by large investors (whales) during the month, reaching 2.18 billion coins. Additionally, the supply of the currency on trading platforms decreased from 15.6 billion to 14.3 billion, indicating a potential decline in selling pressure.