PENGU Token Soars 26% After SEC Acknowledges ETF Filing, Surpasses $1.1B Market Cap on Binance

PENGUUSDT has experienced a notable 26.09% price increase in the past 24 hours, now trading at $0.029002 on Binance. This surge is primarily attributed to heightened bullish sentiment following the U.S. SEC's acknowledgment of Canary Capital's hybrid ETF filing for PENGU and its related NFT, as well as significant spot inflows and renewed interest in meme coins. Additional momentum was provided by Bitcoin reaching a new all-time high, which spurred optimism across the broader crypto market. Recent large transfers of PENGU tokens from the Pudgy Penguins creator wallet have also drawn market attention, potentially contributing to increased trading activity.

The market has seen elevated volatility, with a 24-hour high of $0.032637 and a low of $0.015298 across major exchanges. Trading volumes remain robust, with Binance recording 290.49 million USDT in turnover and the market capitalization estimated between $1.14 billion and $1.44 billion, positioning PENGU as a leading asset in the meme coin sector.