PENGU Token Soars 31% After Cboe ETF Filing, Binance US Listing, and Major Partnerships Ignite Demand

PENGUUSDT has experienced a notable price surge in the last 24 hours, driven primarily by the recent Cboe ETF filing for a Canary PENGU ETF, which has fueled significant speculative interest and institutional optimism. Additional factors contributing to the rally include increased trading volumes following the Binance US listing, heightened whale accumulation, large withdrawals from exchanges reducing circulating supply, and positive brand events such as the Pudgy Penguins NASDAQ bell ceremony and new partnerships like the Lufthansa loyalty deal. On-chain activity also spiked with the PenguDAO v2 governance upgrade and the introduction of new staking rewards.

Currently, PENGUUSDT is trading at $0.013877 on Binance, up 30.71% from a 24-hour open of $0.010617, with trading volumes and market capitalization sharply higher, reflecting strong demand and heightened market activity.