PENGU Token Surges 5.87% as Cboe ETF Filing Sparks $415M Volume and Institutional Demand

PENGUUSDT has experienced a 5.87% price increase in the last 24 hours, trading at 0.016186 USDT on Binance. This recent price surge is primarily attributed to heightened market interest following Cboe BZX Exchange’s filing with the U.S. SEC for an ETF focused on PENGU tokens and Pudgy Penguins NFTs, which has driven increased whale accumulation, institutional activity, and exchange holdings. The strong bullish momentum is further supported by significant trading volumes, with 24-hour volume reaching over $415 million, and technical indicators signaling a sustained upward trend. The token’s market capitalization stands at approximately $1.01 billion, with a circulating supply of around 63 billion PENGU tokens, and it has notably outperformed the broader crypto market over the past week.