$PENGU
Why PENGU Pumped 34% – And It Might Not Be Over Yet!
Pudgy Penguins (PENGU) soared 34% in just 24 hours after the SEC acknowledged the Canary PENGU ETF filing — the first memecoin + NFT hybrid ETF proposal.
The ETF aims to include 80–95% PENGU tokens and up to 15% Pudgy NFTs, fueling speculation much like Bitcoin ETFs did pre-approval.
📊 A cup-and-handle breakout above $0.017 targets a 75% upside toward $0.0318. Backed by a 280% volume surge ($656M), RSI at 61.22, and a bullish MACD flip, momentum looks intact.
🐋 Whales scooped up +2.18B PENGU in 30 days, while exchange reserves fell 8.3%, reducing sell pressure. Even derivatives flipped bullish — funding rates positive for the first time since July 1.
📈 As BTC dominance climbs (63.76%), can Pengu hold the $0.0142 level and continue toward $0.03? Eyes on ETF progress and meme sector sentiment!