THE CHANGE OF THE PUDGY PENGUIN AVATAR BY COINBASE AND THE HOPES FOR THE ETF SPARK A 60% RALLY FOR PENGU
The PENGU token has recorded a 60% rally after Coinbase changed its Twitter avatar to a Pudgy Penguin, triggering a frenzy on social media that has engaged the entire crypto community.
The token rose by over 60% in the rally before experiencing a correction, but it is still up by over 35%. The movement was amplified by increasing hopes for the approval of an ETF dedicated to the PENGU token, after the SEC acknowledged the filing for a spot ETF of Pudgy Penguins by Canary.
The token, linked to the famous NFT collection of penguins, has also benefited from institutional support and growing mainstream adoption.
The combination of social momentum, institutional support, and potential ETF approval is creating a perfect cocktail for the growth of the PENGU token in the crypto market.
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