😱🔥 SEC Gives the Green Light! PENGU ETF Takes Off — Investors Are Thrilled 🚀
With Bitcoin hitting a record high of $118,000, the meme coin market has been buzzing with energy. Leading the charge is a surprising name: Pudgy Penguins (PENGU).
PENGU has soared more than 30% over the past week, overtaking popular rivals like Dogecoin, Fartcoin, and Dogwifhat. But this rally isn’t just about hype — the real driver was the SEC officially approving its ETF application.
A New Chapter for PENGU After ETF Approval
The story of Pudgy Penguins has been anything but ordinary. Launched in 2021 as an NFT collection, it quickly became one of the most beloved brands in the space. Over time, it expanded into plush toys, built a strong community, and launched its own meme coin at the end of 2024 with a total supply of 88.88 billion tokens.
The biggest milestone came in March 2025, when Canary Capital filed an ETF application with the U.S. Securities and Exchange Commission. The proposal, submitted in partnership with the Chicago Board Options Exchange, suggested that 80–95% of the ETF would be made up of PENGU coins, with the rest in Pudgy Penguin NFTs.
The SEC’s approval on Wednesday marked the first official step in the process, giving institutional investors confidence in its regulatory standing and sparking fresh interest from retail investors.
PENGU by the Numbers: Market Cap Tops $1.22 Billion
Following the approval, PENGU’s market cap climbed to $1.22 billion, with a daily trading volume of $770 million — a staggering 330% increase in just one day.
The token is now trading at $0.01944 after breaking a key resistance level. Analyst Ali Martinez called this move a “textbook retest” and predicts the price could rise to $0.06 by August, which would represent a gain of more than 200%.
A New Contender on the Horizon: Snorter
While PENGU continues its ascent, another project is quietly catching the attention of investors. Snorter, a Solana-based meme coin trading bot, is in the middle of a $1.7 million presale.
Its early momentum and growing community suggest it could become a major player in the next wave of meme coin hype, according to analysts.
The Future of Meme Coins: A New Leader Emerges?
The SEC’s decision shows that ETFs are no longer limited to traditional markets — even meme coins can break into this arena. PENGU has evolved from a fun community token into a serious asset that institutional investors are starting to take seriously.
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