PENGU Token Rallies 60% Weekly Before 5% Pullback Amid ETF Hopes and Solana Momentum

PENGUUSDT experienced significant volatility over the past 24 hours, with the price declining by 5.22% to $0.013274 on Binance. This pullback follows a period of sharp gains earlier in the week, driven by institutional catalysts such as the Cboe’s ETF filing and heightened attention from major exchange listings, NFT gaming integrations, and mainstream partnerships. The recent surge in trading volume and positive sentiment was largely attributed to optimism around potential ETF approval and increased activity within the Solana ecosystem. However, after reaching new highs and recording a 60% weekly rally, profit-taking and short-term market corrections have contributed to the current price retracement.

As of June 30, 2025, PENGUUSDT is trading at $0.013274 with a 24-hour trading range between $0.01316 and $0.01551, a market capitalization near $850 million, and circulating supply of approximately 62.86 billion PENGU. Market sentiment remains broadly bullish despite the recent correction, with trading volumes elevated and institutional interest continuing to support the asset’s profile.