Pudgy Penguins Surges 8.65% on ETF Filings, High-Profile Endorsements

Pudgy Penguins's latest price was $0.03241, up 8.653% in the last 24 hours. The token has transitioned from a niche NFT experiment to a multi-faceted Web3 brand, driven by various factors including speculative ETF filings, high-profile endorsements, and major retail partnerships. Since its launch on Solana in late 2024, Pudgy Penguins has gained traction, particularly after Coinbase and Binance US briefly swapped their social media avatars for Pudgy Penguins artwork. This stunt ignited a 60% weekly sprint and garnered institutional backing once Cboe filed a Form 19b-4 to list the Canary PENG ETF and the SEC logged its companion S-1. Both filings propose allocating 95% of the fund’s holdings to PENG tokens, with the remaining 5% earmarked for Pudgy Penguin NFTs, creating an unprecedented structure that blends liquid token exposure with the rarity and collectibility of the underlying art.

The sense of scarcity quickly became a marketing asset for Pudgy Penguins. The token’s fundamentals rest on a tight 63 billion-token float against a capped 88.88 billion supply, with almost 26% locked for community rewards and an airdrop that seeded hundreds of thousands of wallets last December but remains largely unspent. This scarcity, combined with the high-profile endorsements and ETF buzz, has driven significant interest and trading volume for the token. Within 24 hours of Coinbase’s stunt, the NFT floor price leapt from about 9 ETH to 11.6 ETH, showing how the token and collection move in tandem. Liquidity followed, and the token’s revival from an April price struggle returned Pudgy Penguins to the mid-cap league in barely three months. Just five days ago, Pudgy Penguins jumped 33% alone, indicating continued appetite for risk amid broader crypto rallies.

Smart money seems convinced by the return, with on-chain trackers flagging whales buying Pudgy Penguins in large volumes and even billionaires like Justin Sun endorsing the project. The momentum didn’t stop at social hype. Canary Capital’s PENGU ETF application was acknowledged by the SEC. Additionally, Hyperliquid listed the token on its platform. A new game launch, Play Pudgy Party, is also expected soon. These steps helped drive Pudgy Penguins’ reach to 175 billion total views. If the trend holds, further expansion beyond crypto-native circles could push growth even higher, especially in gaming. As the charts flash green, traders are watching to see if Pudgy Penguins can hold the wave or break out again.

Pudgy Penguins has cleared critical resistance and exploded toward new highs within hours. The move comes as volume and RSI spike, with momentum favoring a near-term push toward higher targets. According to a post by LennaertSnyder, Pudgy Penguins/USDT broke past a major resistance cluster after rounding out a base. The chart shows a smooth cup breakout with a vertical extension supported by strong buyer activity. Price touched new highs and is now stabilizing just below that threshold. The green parabolic curve marks the buildup phase, where months of consolidation turned into upward momentum. A deep resistance zone has flipped into support, creating a clean floor for this rally to extend further. On the 15-minute chart, Pudgy Penguins hit new highs while RSI lifted to high levels. Volume surged, showing clear strength behind the move. No upper wick rejection followed the breakout, which confirms strong demand pressure. Price exploded above key levels and held the zone as volume stacked. Tight candles with minimal pullbacks show steady execution from large orders. Momentum remains high, though some short-term traders could look to secure gains following the sharp move.

In the same update, Snyder added that “pudgypenguins ETF is just the beginning,” placing the spotlight on institutional attention. The announcement has sparked a broader rotation into the token, with community and fund-level traction building fast. The ETF’s structure centers on connecting digital assets to real-world collectibles. This is happening while Pudgy Penguins’ exposure increases across speculative markets. The fund is likely backed by a mix of crypto-native assets and traditional custodial infrastructure. With new highs now acting as the local top, traders are watching for a clean sweep of that level. If momentum holds, higher targets remain in play. Volume has not cooled off, and the chart continues to show pressure building at key intraday levels. This indicates that strong buy orders are absorbing the selling pressure, allowing Pudgy Penguins to climb steadily. Such absorption shows buyers are still in control, and the trend remains supported beneath the surface. The price now approaches a key resistance zone, an area reinforced by recent bullish momentum. This level aligns with historical seller interest, increasing the likelihood of supply pressure. A decisive breakout above this zone, supported by strong volume, could indicate a continuation toward higher targets. Conversely, rejection here may trigger a retracement toward support levels, a logical consolidation point before any renewed upside attempt.

The Pudgy Penguins ecosystem recently introduced a novel concept called "Chonky Penguin" through its official social media platforms. This innovation represents the latest development from the well-known NFT project, aimed at expanding its digital offerings and engaging its community with fresh content. Significant expansion occurred through a strategic partnership between Pudgy Penguins and Suplay Inc. This collaboration focuses on exploring and implementing new digital commerce technologies, enhancing the project's capabilities beyond its existing NFT framework. A major announcement detailed a collaboration between the Pudgy Penguins NFT collection and a prominent Chinese firm. While the specific partner name wasn't disclosed, this agreement marks a significant step for Pudgy Penguins in broadening its reach and exploring new market opportunities within the region. These developments, encompassing the launch of new concepts like Chonky Penguin and key partnerships with established entities such as Suplay Inc and an undisclosed Chinese firm, have fueled considerable momentum within the Pudgy Penguins community. The focus remains on driving innovation and extending the project's ecosystem within the digital collectibles space.