#Pengu
Trade now . . bullish trend confirmed๐๐๐๐ฏ๐ฏ๐ฏ๐โค๐โค๐โค๐ค๐ค
๐๐๐๐๐ ๐๐ง๐๐๐ ๐๐๐ง๐๐๐ฉ๐จ ๐ผ๐ฃ๐ค๐ฉ๐๐๐ง 70% ๐๐๐ก๐ก๐ฎ ๐ผ๐ข๐๐ ๐๐๐๐ก๐ ๐ฝ๐ช๐ฎ๐๐ฃ๐, ๐๐๐ ๐๐ฎ๐ฅ๐
Pudgy Penguins (PENGU) has jumped by 20% in the last hours to trade at $0.0115 at press time. Market interest towards the meme coin is also notably high after trading volumes today, June 28, surged by over 270% to $338 million. The gains come as whales increase their holdings after the Cboe exchange sparked optimism of Canaryโs PENGU ETF approval. Meanwhile, a bullish wedge pattern hints that PENGU price is on the verge of another 70% rally.
One of the key factors driving the PENGU price rally today is whale accumulation. Per Nansen data, PENGU whales have increased their holdings by more than 11% in the last 30 days. During the same period, the top 100 wallets also saw their holdings increase by 2.27%.
Public figures have also been increasing their exposure to the Pudgy Penguins meme coin, with their holdings increasing by more than 7%. This highlights that PENGU could be in an accumulation phase where large addresses are looking to maximize their profits.
the Cboe trading platform has submitted a 19b-4 filing for Canaryโs PENGU ETF. This filing indicates that the Cboe exchange is planning to list and offer trading for this ETF if it gains regulatory approval.
This filing makes Pudgy Penguins the second meme coin to get an ETF filing after Dogecoin (DOGE). This is bullish for PENGU price, and could trigger a notable rally to the upside as the bullish technical structure suggests
