PENGU Gains Momentum With ETF Filing and 8% Weekly Price Surge

Pudgy Penguins (PENGU) is capturing growing attention amid a surge in trading volume and a pending ETF filing supported by the Chicago Board Options Exchange (CBOE). The regulatory submission is currently under review by the U.S. Securities and Exchange Commission (SEC), adding new institutional scrutiny to a token that has already demonstrated significant retail appeal and liquidity [1].

Market analysts have identified a bullish pattern forming in PENGU’s price action. Ali Martinez, a noted market observer, highlighted the token’s movement within a triangle breakout formation—a technical chart pattern often seen before a sharp upward move [1]. At the time of reporting, PENGU was trading at $0.038, with the next key resistance level identified at that price. A successful breakout could see the token moving toward $0.045, $0.055, and potentially $0.075. The 24-hour trading volume has exceeded $600 million, reinforcing the likelihood of sustained interest [1].

In addition to the regulatory filing, PENGU has been expanding its adoption across platforms. Robinhood recently listed PENGU on its Advanced trading platform, allowing U.S. traders to access more sophisticated tools and charting features. This move broadens the token’s reach to a wider audience of retail investors [1]. Another analyst, known as Altcoin Sherpa, described PENGU as a “meme coin with added utility,” noting its integration into both NFT ecosystems and revenue-based projects, which allows the token to appeal beyond the traditional meme coin demographic [1].

Route 2 FI, another market commentator, called PENGU a “serious Dogecoin rival,” citing its cross-chain capabilities through the Solana-Ethereum bridge, as well as a strong community and development team. The token’s unique positioning—combining cultural appeal with infrastructure and real-world use—has contributed to its growing profile in the crypto space [1].

As of the latest data, PENGU traded with a 24-hour volume in excess of $600 million and a weekly price increase of 8%. While the price has shown minimal movement in the last day, the sustained volume and technical indicators point to a potentially significant upward shift [1]. Analysts will be closely watching the $0.038 level, as a break above this could signal the start of a new phase in PENGU’s price trajectory.

Source: [1] PENGU Set for Lift-Off? ETF Filing and Surge in Volume Point to Breakout (https://coinmarketcap.com/community/articles/689e185aa4b0812391e02482/)