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Coinbase’s Pudgy Penguin Avatar Shift Sparks ETF Frenzy – PENGU Skyrockets 60%

Coinbase’s Pudgy Penguin Avatar Shift Sparks ETF Frenzy – PENGU Skyrockets 60%

Author:
Coindesk
Published:
2025-07-12 14:22:58
22
2

Coinbase’s Pudgy Penguin Avatar Change, ETF Hopes Ignite 60% PENGU Rally

Crypto markets got whiplash as Coinbase’s playful penguin pivot triggered a buying spree. The NFT-turned-meme-token defied the bears—because nothing says 'institutional adoption' like cartoon birds and hopium.

The ETF Effect: Speculation Trumps Fundamentals

Traders piled into PENGU after whispers of a potential ETF tie-up. Never mind that nobody can explain how a penguin avatar justifies a 60% rally—liquidity chases narratives, not logic.

Meta’s Playground: Exchanges Embrace Meme Culture

Coinbase’s avatar update proves crypto’s secret sauce: blend fintech with internet absurdity. Watch TradFi analysts scramble to price 'community vibes' into their valuation models.

The rally won’t last—but for now, the penguin party prints. Just don’t ask who’ll hold the bags when the music stops.

|Square

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