PENGU Token Soars 30% Amid ETF Speculation, Surging Volumes, and $1.8B Market Cap Milestone

PENGUUSDT experienced a significant rally in the past 24 hours, with the price rising by 30.07% to $0.029841 on Binance. This surge is primarily attributed to strong bullish momentum following Bitcoin’s new all-time high, substantial spot inflows, and heightened investor interest driven by speculation around a potential PENGU ETF. Additional factors include the transfer of 265 million PENGU tokens from the Pudgy Penguins creator wallet to new addresses and positive sentiment in the broader crypto market after favorable macroeconomic developments such as the US-EU tariff agreement.

The token saw robust trading activity, with high volumes across major exchanges and a market capitalization of approximately $1.8 billion, ranking it among the top 60 cryptocurrencies. PENGUUSDT outperformed the broader market and similar assets over the past week, reflecting strong institutional and retail participation.