$PENGU demonstrates explosive growth: the meme token becomes a symbol of a new financial era.
The cryptocurrency PENGU, associated with the NFT brand Pudgy Penguins, is experiencing a true market explosion. In recent weeks, its price has increased more than 10 times, and its market capitalization has exceeded $2.42 billion, placing the token in the top 51 cryptocurrencies in the world.
What has caused this boom?
- Collective avatar change: Coinbase, VanEck, MoonPay, Polkadot, and other crypto giants simultaneously changed their profiles to images of Pudgy Penguins, creating a viral brand support effect.
- NFT growth: The price of Pudgy Penguins NFTs has risen by 35%, reaching 12.75 ETH, which has fueled interest in the token.
- Buying activity from whales: One trader alone purchased 94 million PENGU, while the total trading volume in one day exceeded $2.2 billion.
- ETF hypothesis: The SEC is considering an ETF application from Canary Capital that includes PENGU, which could be a historic breakthrough for meme tokens.
The ecosystem is expanding: the launch of the Pudgy Party game, the expansion of toy production in China, and the brand's appearance on Nasdaq — all of this transforms $PENGU into a cultural phenomenon rather than just a digital asset.
