๐จ #PENGUETF Filed, But Price Drops 10%! ๐จ
Canary Capitalโs $PENGU ETF filing on March 20 sent daily trading volume up 45% to $135M, yet the token fell 10% to $0.0062. Why? ๐ค
๐น ETF Details: Tracks PENGU + Pudgy Penguins NFTs, using SOL & ETH for transactions.
๐น Market Reaction: Skepticism over low retail demand & NFT exposure fueled selling pressure.
๐น Meme Coin ETF Struggles: Like $DOGE , PENGU faces uncertain investor interest despite listings on major platforms.
Will PENGU bounce back or fade into the meme coin abyss? ๐๐ง
