Pudgy Penguins (PENGU) Skyrockets 243% in a Month—ETF Hopes Fuel the Frenzy

Pudgy Penguins (PENGU) just pulled off a moonshot—soaring 243% in 30 days as traders bet big on ETF hype. Here’s how the meme coin went from niche to mainstream.

### The ETF Effect: Speculation Trumps Fundamentals (Again)

Wall Street’s obsession with crypto ETFs spilled over into meme coins, and PENGU rode the wave. Never mind that the 'fundamentals' are a cartoon bird—liquidity flows where the narrative goes.

### Penguins vs. Bitcoin: The Absurdity of Correlations

When BTC ETF whispers hit, altcoins like PENGU rallied harder than the asset they’re supposedly pegged to. Classic crypto: the tail wags the dog, then sells the dog for parts.

### The Cynic’s Take: Another Pump Waiting to Deflate?

Let’s be real—243% gains on ETF hopes reek of froth. But hey, in a market where 'number go up' is the only theology, even penguins get wings. Until they don’t.

TLDR

• Pudgy Penguins (PENGU) posted 243% monthly gains after Canary Capital’s ETF application received SEC acknowledgment
• The token reached $2 billion in 24-hour trading volumes and ranks 4th on Upbit with $222 million volume
• PENGU NFTs increased 59% in price from 8.8 ETH to 14 ETH over the past month
• Technical analysis shows breakout momentum building toward $0.047 short-term target and potential $0.10 by August
• Strong bid-side liquidity on major exchanges supports the current rally across Binance, OKX, and Gate.io

Pudgy Penguins (PENGU) has become the most profitable meme coin in the top 10 with monthly gains of 243%. This surge follows news that Canary Capital pushed forward its exchange-traded fund application for the token.

The U.S. Securities and Exchange Commission acknowledged Canary’s application. This MOVE starts the regulatory review process that could lead to the first meme coin ETF approval in the United States.

The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF

— Eric Balchunas (@EricBalchunas) June 25, 2025

PENGU built its reputation through one of the few successful NFT collections. The project has raised brand awareness through collaborations with major brands.

Recently, the Pudgy Penguins mascot rang the opening bell at Nasdaq alongside asset management firm VanEck. This partnership highlights growing institutional interest in the project.

Trading volumes reached $2 billion in the past 24 hours. These volumes account for nearly 100% of the token’s circulating market cap.

The high volume indicates strong buying pressure behind the rally. FOMO appears to be influencing market participants following ETF hopes.

Social media mentions of the project have skyrocketed. Data from LunarCrush shows Pudgy Penguins became the top token in social engagement.

NFT Price Surge Mirrors Token Performance

Pudgy Penguins NFTs experienced a 59% price increase over the past month. Floor prices ROSE from 8.8 ETH to 14 ETH during this period.

The NFT gains mask even higher dollar returns. ethereum posted a 20% price jump during the same timeframe.

PENGU’s latest gains outpaced the top 100 meme coins by more than 15 times. This performance highlights the specific momentum behind this project.

The token delivered a 75% gain after breaking out from previous resistance levels. Technical indicators support continued upward movement.

Technical Analysis Points to Higher Targets

Daily chart analysis shows the 9-day and 21-day exponential moving averages crossed above the 200-day EMA. This represents a major bullish signal that indicates accelerating positive momentum.

The short-term target remains at $0.047, which WOULD place PENGU close to its all-time high. From current levels, reaching this target would produce a 42% gain.

Analysts project the token could reach $0.10 by August if momentum continues. This target aligns with the projected trajectory from the recent breakout.

PENGU ranks 4th on Upbit with $222 million in 24-hour trading volume. This places it just one slot below Bitcoin on the exchange’s retail leaderboard.

Strong Korean market interest reflects growing demand from the local community. This surge in volume comes as PENGU leads the meme coin rally.

Bid-side liquidity shows positive strength across major exchanges. Data reveals more buying interest than selling pressure on Binance, OKX, and Gate.io.

Fibonacci extension targets provide a roadmap for price movement. The 1.272 level sits around $0.0535, followed by the 1.414 level at $0.0648 and the 1.618 zone at $0.0737.

Recent SEC approvals for a solana staking ETF and a 2X XRP ETF raise odds for additional altcoin-linked vehicles. These developments create a favorable environment for PENGU’s ETF application.

The current price of $0.03263 represents a 15.04% increase in the last 24 hours. Trading momentum remains strong with volume supporting the upward push.