PENGU Token Surges 40% in 7 Days on ETF Speculation New Listings on Binance Gemini

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 12:16 am ET1min read
USDC
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Aime RobotAime Summary

- PENGU token surged 40% in seven days due to renewed market enthusiasm and new listings on Binance and Gemini.

- ETF speculation and Pudgy Penguins NFT anniversary boosted retail and institutional interest, driving price momentum.

- Technical indicators suggest further upside potential if current trends continue, though price remains 53% below 2024 peak.

- Open interest and trading volume increased by 31% and 42%, with holder count surpassing 868,000, reflecting broad adoption.

The PENGU token has surged 40% in the past seven days, driven by renewed market enthusiasm and strategic developments. The token’s price climbed to approximately $0.04121, with a 12% rise in the last 24 hours alone, following a 384% rally over the previous month [1]. This upward trajectory reverses a prolonged downtrend, with the token now trading near $0.04121 after fluctuating between $0.0360 and $0.0458 daily [1]. Despite not reaching its all-time high of $0.069 from December 2024, PENGU’s metrics show heightened activity: open interest has grown 31% to $748 million, and trading volume increased 42% to $5.99 billion [1]. The token’s holder count has surpassed 868,000, reflecting broadened adoption among both retail and institutional investors [1].

The rally coincides with the token’s new listings on major exchanges. Binance Futures announced USDⓈ-M PENGU/USDC perpetual contracts starting July 23, while Gemini enabled deposits, withdrawals, and trading for PENGU [1]. These developments are expected to enhance liquidity and accessibility. Meanwhile, speculation about a potential PENGU ETF has intensified, with analysts noting mid-August as a probable regulatory update window based on standard SEC patterns [1]. Although no official confirmation exists, the ETF buzz has amplified retail and institutional interest, contributing to the token’s momentum.

The surge also aligns with the fourth anniversary of the Pudgy Penguins NFT collection, which remains tied to the PENGU token as part of the Igloo brand. Increased NFT engagement has spilled over to the token market, with analysts attributing recent strength to renewed ecosystem activity [1]. Additionally, the announcement of a portable game launching on Apple’s App Store and Google Play has been cited as a catalyst for bullish sentiment [1].

Technical indicators suggest further upside potential if current trends persist. The token has broken through key short-term resistance levels, and analysts highlight that sustained accumulation by large investors could drive the price to double or triple in the near term [1]. However, the token remains 53% below its 2024 peak, indicating that long-term investors may still be cautious. The interplay of exchange listings, ETF speculation, and ecosystem developments underscores the token’s growing visibility in the crypto market.

Sources:

[1] [PENGU Token Rallies 40% in a Week Amid ETF Buzz and New Listings] [https://coinmarketcap.com/community/articles/6881b0e530ae1d2233474a85/]