Since July 19, 2025, $PENGU (Pudgy Penguins) coin has shown relatively stable price movement after experiencing a significant spike in the middle of the month. The price has ranged between US$0.039 and US$0.046, with the most recent close at US$0.042. This phase marked a period of consolidation after previously posting gains of over 200%, fueled by rumors and anticipation surrounding Canary Capital's meme-focused ETF. Between July 19 and 23 alone, PENGU/USDT experienced a 39% increase, from US$0.03028 to US$0.04214.

Despite the lack of major announcements since the surge, market sentiment toward PENGU/USDT remains positive. Support from the crypto community, including figures like Justin Sun and several prominent platforms, remains strong. Trading volume and on-chain activity indicate consistent interest, although investors are now awaiting confirmation from the SEC regarding the ETF's fate. Technical analysis also indicates a bullish retest pattern, which could open up a price target of US$0.060 if a positive catalyst emerges.

Going forward, the SEC's decision will be a key determinant of $PENGU's price direction. If approved, the price will likely surge again and set a new record. However, if delayed or rejected, the market could enter a correction phase. For now, PENGU remains on the radar of many investors as a high-risk asset with substantial potential returns, depending on regulatory developments and the strength of its supporting community.

Support for comes PENGU not only from retail speculators but also from the NFT community and crypto influencers. The Pudgy Penguins identity, derived from a popular NFT project, has given it particular appeal in the meme coin market. The iconic visuals and humorous narrative surrounding these digital penguins have driven high brand awareness, even outside the crypto world. This has created a unique support ecosystem, where the coin's value depends not only on technical aspects or market fundamentals, but also on the strength of its culture and community.

However, it is important to note that remains PENGU a highly speculative asset with significant risks. Without significant project updates or regulatory certainty, prices could fluctuate sharply due to market sentiment alone. Investors are advised to exercise caution, manage expectations, and avoid relying solely on hype. While the short-term outlook appears promising if an ETF is approved, a balanced, analysis-based investment approach remains crucial in navigating the fast-paced market for meme coins like $PENGU.

Barring any major surprises, $PENGU is likely to remain stable in the US$0.040–0.045 range over the next seven days. However, if a positive catalyst emerges, particularly from regulators or significant community support, there's a strong potential for a rally above US$0.050.