PENGU Token Jumps 16% Amid 270M Transfer, ETF Speculation, and Pudgy Penguins Partnerships

In the past 24 hours, PENGUUSDT has experienced a 16.11% price increase, rising from 0.028323 to 0.032885 on Binance. This surge is primarily attributed to heightened market activity following the transfer of 270 million PENGU tokens by the deployer to major centralized exchanges, as well as continued speculation around a potential Canary PENGU ETF filing and recent branding partnerships linked to the Pudgy Penguins NFT project. The asset has also seen elevated trading volumes, with reports of up to 7.53 billion PENGU traded in a day and a market capitalization estimated between $1.44 billion and $1.94 billion. Overall, PENGUUSDT remains volatile and actively traded, with its price currently consolidating near recent highs.