Pudgy Penguins surges 64% in a week amid ETF-driven momentum

Pengu, the token-based token related to the Pudgy Penguins NFT assortment, has risen 64% prior to now week and climbs one other 13% within the final 24 hours.

Due to the current rally, Pudgy Pinguins (Pengu) is now among the best weekly artists and has re -introduced the highest 100 cryptocurrencies by market capitalization. The token continues to be 77% beneath the height of December 2024 of $ 0.06845 regardless of the revenue.

The current improve follows the rising curiosity in a proposed inventory market-related fund that will mix publicity to Pudgy Penguins NFTs and Pengu tokens. On June 25, the CBOE BZX Trade submitted A 19B-4 kind with the US Securities and Trade Fee to checklist the Canary Pengu ETF.

The applying adopted the S-1 entry of Canary Capital in March 2025. In accordance with the proposal, the ETF would assign 80-95% of its participations to Pengu tokens and 5-15% to Pudgy Penguins NFTs.

To make community transactions potential, a small quantity of Solana (SOL) and Ethereum (ETH) could be retained. This hybrid construction has attracted consideration as a potential gateway for institutional publicity to risk-on, community-driven digital property.

Information concerning the submission led to appreciable whale exercise that was from the current worth rally. The joy has additionally lifted sentiment within the NFT market. The Pudgy Pinguins ground worth is at the moment 9.65 ETH, a rise of two.7% within the final seven days, in accordance with the NFT ground worth facts. The full market capitalization of the gathering is $ 209 million.

From a technical perspective, the Pengu outbreak has pushed it by resistance ranges with growing quantity. At 72.89 the relative energy index is excessive, which signifies overbought situations. Pengu acts above all necessary advancing averages, such because the 20-day SMA at $ 0.0108 and the 10-day EMA at $ 0.01294, indicating a long-term energy.

The $ 0.02 Mark will be the next space of ​​curiosity if the current momentum applies. However, the value can withdraw on assist within the vary of $ 0.012 if shopping for strain. Though merchants appear cautious, as a result of the market is ready for readability for the ETF approval path, the brief -term prospect continues to be optimistic.