PENGU Token Soars 29% After SEC Acknowledges Canary Spot ETF, Whale Accumulation Drives Volume

PENGUUSDT has experienced significant volatility in the past 24 hours, with its price rising 29.40% to $0.019267 on Binance. This sharp increase is primarily attributed to heightened market activity following the SEC's acknowledgment of the Canary Spot PENGU ETF application, marking the first Solana-based meme coin ETF filing, as well as notable whale wallet accumulation. The surge in trading volume—over 6.50 billion PENGU (approximately 113.81 million USDT) on Binance—reflects strong investor interest, further supported by a broader uptick in market attention after news of a proposed ETF combining PENGU tokens and Pudgy Penguin NFTs. Despite intraday volatility and a brief rejection from daily highs, PENGUUSDT continues to trade with high volume and maintains a market capitalization within the top 100 cryptocurrencies, underscoring its growing presence in the crypto ecosystem.