PENGU is not just stopping at being a memecoin but is transforming into a widely recognized cryptocurrency brand.
The PENGU project is developed based on a strategy of building a prominent character, promoting cultural products, and preparing to launch the NFT ETF, aiming for a competitive position in the cryptocurrency market.
MAIN CONTENT
PENGU transitions from a memecoin to a cryptocurrency brand with a strong influence in popular culture.
Canary Capital Group has filed for approval of the Pudgy Penguins ETF focusing on NFTs.
Technical analysis shows that PENGU has the potential to reach a price of $0.10 if it maintains the support level of $0.027.
How does PENGU develop to become a popular cryptocurrency brand?
PENGU is not just a memecoin but has become a cultural icon with a massive online following and interaction. Entrepreneur Luca Netz has reshaped the approach by focusing on character branding rather than just the logo.
Luca's 'Pengu Proliferation Thesis' strategy emphasizes that characters are more memorable than brands, helping PENGU rise strongly in the market. This brand has expanded collaborations with renowned organizations such as VanEck, Bitwise, and Sotheby’s, building credibility beyond the traditional cryptocurrency realm.
Notably, PENGU has sold over 2 million toys, has over 5 million social media followers, and attracts 116 billion GIF views, demonstrating its widespread influence in digital culture.
How is the Pudgy Penguins ETF about to be approved in October?
Canary Capital Group has officially filed for the Pudgy Penguins ETF registration with the U.S. Securities and Exchange Commission (SEC), aiming to allocate up to 15% of assets into NFT Pudgy Penguins. This is an important step to enhance access and professional investment in related digital assets.
However, markets predict a 58.5% chance that this ETF will not be approved before October due to still lacking applicability compared to other certified cryptocurrencies.
Approval would open up new opportunities for investors looking to access diverse and innovative cryptocurrency products in the form of exchange-traded funds.
Can the price of PENGU Token reach $0.10?
Analyst Ali Martinez points out on the 12-hour chart that PENGU is forming a descending wedge pattern, a technical signal often indicating a strong breakout towards an upward trend. Currently, PENGU is trading around $0.0357, above the important support level of $0.027.
If this level is maintained, the expected price milestones will successively reach $0.043, $0.053, and $0.065, aiming for the target of $0.10.
However, if PENGU does not hold the support region, the price could drop to around $0.022–0.024, posing risks for investors entering the market at this stage.
"The character-first marketing strategy helps PENGU become an icon that the community remembers longer than any logo."
– Luca Netz, Entrepreneur and Founder of Pudgy Penguins, 2025
Frequently Asked Questions
What is PENGU and why is it prominent in the memecoin group?
PENGU is a cryptocurrency project that originated from a memecoin but has developed into a brand with a large following and a strong presence in digital culture, thanks to its character-focused marketing strategy.
What impact will the Pudgy Penguins ETF have on the market?
The ETF will help investors access digital assets related to NFT Pudgy Penguins, enhancing liquidity and the legitimacy of such cryptocurrency products.
What is the current price of PENGU and the forecast for the future?
Currently, PENGU is trading around $0.0357 and technical analysis forecasts it could reach $0.10 if it maintains the important support level at $0.027.
Who is behind the development of PENGU?
Luca Netz - the founder of Pudgy Penguins, with a marketing strategy focused on character rather than logo, has helped the brand gain widespread recognition and build trust.
What are the risks of investing in PENGU Token?
The main risk is if the Token cannot maintain the support level of $0.027, which would lead to a price drop to $0.022–0.024, causing losses for investors.
Source: https://tintucbitcoin.com/memecoin-tien-gan-moc-0-10-usd/
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