PENGU Token Soars 25% as Cboe ETF Filing, Whale Activity, and Nasdaq Event Ignite Rally

PENGUUSDT experienced a significant price surge in the past 24 hours, rising 25.20% to $0.013401 on Binance. This sharp increase is primarily attributed to heightened market enthusiasm following the official filing of the Canary PENGU ETF by Cboe, which has driven both institutional and retail interest, as well as increased whale accumulation and large withdrawals from exchanges, reducing circulating supply. Additional momentum was provided by recent brand events, such as the Pudgy Penguins mascot’s appearance at the Nasdaq bell ceremony, and the launch of new staking pools and a cross-chain NFT marketplace partnership with Blur. Trading volume reached between $311 million and $588 million, with market capitalization nearing $719 million, reflecting strong bullish sentiment and investor engagement as PENGU tests new resistance levels.