PENGU Meme Coin Skyrockets 99% in a Week—ETF Hype Fuels the Frenzy
Move over, Dogecoin—PENGU’s absurd 99% weekly pump proves meme magic isn’t dead yet. Traders are flipping penguins into Lambos while Wall Street side-eyes an ETF filing. Because nothing says 'legitimate asset class' like a cartoon bird token.
From Joke to Jackpot
The coin’s parabolic rally defies logic—and gravity. No utility? No problem. PENGU’s surge mirrors 2021’s meme mania, where 'number go up' was the only whitepaper needed.
ETF Pipe Dream or Genius Gambit?
Rumors of a crypto ETF filing add rocket fuel. If approved, institutional money could turn this circus into a mainstream act. Spoiler: regulators still hate memes.
Cynic’s Corner
Another day, another vaporware coin riding hype waves. Remember: when the music stops, the bagholders wear penguin suits—literally.
PENGU Leads Market with Strong Weekly Gains
Pudgy Penguins (PENGU) recorded a NEAR 99% increase over the past seven days, with the price reaching $0.0301. Daily gains stand at over 31%, with 24-hour trading volume at $2.1 billion. The strong performance places PENGU among the best-performing assets this week.
On the technical side, the RSI is 82, indicating that it is overbought. The alligator indicator is reflecting a high difference between moving averages, showcasing a strong bullish trend. The price is currently located well above all three lines, suggesting a powerful upward pressure.
Commenting on the matter was popular on-chain analyst Ali, who stated:
“The key difference? Pudgy Penguins has real fundamentals behind it.”
Ali also pointed to a “textbook bullish retest” on July 10, suggesting the short-term momentum could continue. He expects a MOVE toward $0.060 by August, depending on ETF approval.
ETF Filing Adds Fuel to Rally
Investor attention has grown following news that the U.S. Securities and Exchange Commission acknowledged a spot PENGU ETF filing. The fund was proposed by asset manager Canary and is pending approval. The ETF news pushed PENGU’s price up sharply earlier this week.
In addition, the filing has coincided with increased expectations of wider adoption in the market. Once approved, the move WOULD enable conventional investors to get exposure to the token via regulated financial products. The filing comes amid growing retail and institutional interest in Pudgy Penguins and its ecosystem.
Community Activity and Viral Attention
Justin Sun joined the conversation by sharing a cartoon penguin styled with his signature hair and a TRON shirt, writing:
“OK. Everyone has become a penguin.”
The Pudgy Penguins official account replied, “Everyone will Huddle,” amplifying attention from fans and followers.
Consequently, this moment sparked strong community engagement. “Justin looks good here. Welcome to the Huddle,” the project wrote in response, further boosting visibility and market chatter around PENGU.
