$PENGU
Current market situation
Price: Around $0.029 with intraday swings between $0.0216 – $0.0301.
Recent trend: Up ~70–90% over the last 7–30 days.
Key driver:
Coinbase changed its avatar to Pudgy Penguin → community hype and price boost.
Canary Capital filed for a PENGU ETF, aiming to bundle the token and its NFT ecosystem. This news sparked strong bullish sentiment.
Technical & fundamental signals
The price holds above key support at $0.022–$0.025.
Volume is rising → suggests strong buying interest.
Chart pattern shows signs of a bullish breakout → possible short-term target: $0.035–$0.045.
Risks to watch out for
Highly volatile: Meme coins are famous for pump & dump moves.
Hype-dependent: If the ETF news cools off or is delayed, price could drop sharply.
Limited real-world utility: For now, PENGU’s value is mostly driven by community and NFT brand, not by unique technology or real-world use.