Pudgy Penguins Surges 60% on ETF Filing Hopes

Pudgy Penguins (PENGU) has experienced a significant surge in value over the past week, reclaiming its position in the top 100 cryptocurrencies. This surge is largely attributed to optimism surrounding the potential approval of an exchange-traded fund (ETF) involving PENGU on the Cboe exchange. The filing, known as a 19b-4, has sparked significant institutional interest and is seen as a major step toward regulatory validation for the memecoin.

The ETF filing has been backed by substantial on-chain movement and increasing mentions within trading communities. If approved, PENGU would become only the second memecoin, after DOGE, to be part of a regulated exchange-traded product. This development has fueled a rally in PENGU's price, which has surged over 60% in the past week, trading between $0.0139 and $0.0144 as of late June 2025. The technical outlook for PENGU is bullish, with the price breaking through critical resistance levels and showing strong support zones at $0.0105 and $0.011. The Relative Strength Index (RSI) is nearing overbought territory, indicating a potential cooldown, but the overall momentum remains positive.

Pudgy Penguins’ recent listings on the exchange have played a significant role in the price surge. After its listing on Upbit in May this year, a slight uptick was noticed in the prices. On June 25, 2025, the exchange filed a Form 19b-4 with the Securities and Exchange Commission of the United States, marking a formal start of the review for the Canary PENGU ETF. This filing is termed as one of the major developments because it’s the 1st NFT-inclusive ETF to reach this stage, following an earlier S-1 registration statement filed by Canary Capital on March 20 this year. According to a post dated June 26, 2025, “With this filing, the $PENGU and Pudgy Penguins NFTs ETF becomes only the second memecoin-style ETF, after DOGE, and first filing with NFTs to enter the SECGov’s formal review process, joining coins such as BTC, SOL, XRP, and DOGE”.

In the list of ETFs expected to get approval soon are Litecoin ETF, which stands at the top with 95% odds favoring its approval, and PENGU ETF has 50% of getting approval by the end of 2025. Post filing a rough 10% surge was noted in the trading price of Pudgy Penguins, and the 19b-4 helped to grow nearly 60% in a week. However, a decline of a few percent in the trading prices was observed in the later sessions. In March this year, a positive sentiment was noted in the Pudgy Penguins NFT floor price.

Pudgy Penguins has also made significant strides in partnerships and collaborations. In April this year, it partnered with Lotte Group, a major retail and entertainment conglomerate, to expand its presence in the South Korean market. On January 30, 2025, Pudgy Penguins collaborated with Line Friends’ Minini, one of Asia’s largest intellectual properties. It partnered with NASCAR to bring the Pudgy Penguins brand to NASCAR fans worldwide. It was reported on June 12, 2025, that Pudgy Penguins partnered with Lufthansa’s Mile & More, Europe’s largest frequent flyer program. Also holding a partnership with Sol Strategies to launch a dedicated PENGU validator on the Solana network.

Pudgy Penguins mascot alongside VanEck appeared at the Nasdaq opening bell ceremony in Times Square, New York. This appearance is termed as a significant event for Pudgy Penguins as it was the first time a Web3 native IP (Intellectual Property) was featured in this symbolic Wall Street ritual. The broader Solana ecosystem is also contributing to PENGU's gains. Recent expansions in decentralized applications (dApps) and NFT integrations have lifted Solana's value, benefiting PENGU as it is powered by Solana's blockchain. This is particularly important as traders seek scalable, low-fee alternatives to Ethereum-based assets. Additionally, the recent Nasdaq tech rally, driven by AI and chip stocks, has created a bullish macro backdrop, further boosting PENGU's value.

Looking ahead, the potential approval of the ETF could lead to a major breakout for PENGU, with price targets ranging from $0.020 to $0.027. However, there are risks to consider, including whale selling, which could lead to a short-term correction, and a potential pullback in Bitcoin or Solana, which could push PENGU back to support levels around $0.010. Despite these risks, PENGU remains a high-risk, high-reward investment, combining technical strength, community culture, whale confidence, ETF buzz, and a strong blockchain.