Pudgy Penguins Coin is having a massive moment. The token is up over 25%over the past day, now trading around $0.02893. Trading volume has exploded too, up more than 255%.
Over the past week, PENGU price has gained nearly 90%, and all eyes are on it thanks to a wave of hype, exchange activity, and growing speculation about an ETF.
According to Coinbureau on X, the SEC has officially acknowledged a filing from Canary Capital for a potential PENGU ETF. If approved, this would be the first-ever ETF tied to a meme coin, and it’s already shifting how investors are looking at meme-driven assets. PENGU even flipped Dogwifhat ($WIF) in market cap, hitting $1.24 billion as of July 12.
🚨PENGU ETF INCOMING?
— Coin Bureau (@coinbureau) July 12, 2025
Pudgy Penguins $PENGU just flipped $WIF with a $1.24B market cap.🐧
The SEC has officially acknowledged Canary Capital’s filing for a PENGU ETF — potentially the first-ever meme coin ETF.
Is this the dawn of meme ETFs? 👀 pic.twitter.com/WWETwcJ2v8
What really lit the fuse was Coinbase changing its X profile picture to a Pudgy Penguins NFT on July 13. That move triggered a 30% price spike in a single day and drove $355 million in trading volume, just on South Korean exchanges.
Then came OKX, OpenSea, and Polkadot, all jumping on the penguin bandwagon with their own profile updates. The momentum spilled into the NFT space, too. According to CoinMarketCap, Pudgy Penguins NFT floor prices jumped 26% to 11.8 ETH, with over $2.2 million in daily sales.
Read Also: Avalanche Price “Returns to Life” After Reclaiming $20 – Here’s What the AVAX Chart Reveals
Good morning everyone, BTC Hits $122K, ETH Back Over $3K, and $PENGU Steals the Show 🐧
— Nami (@Namiixbt) July 14, 2025
Markets are going nuts right now.
• Bitcoin ($BTC) smashed a new ATH at $122,600, up 8% this week. Massive ETF inflows ($1.18B in one day), whale buys, and political momentum have people… pic.twitter.com/IUksPgZwtV
What you'll learn 👉
PENGU On-Chain Strength and Social Sentiment Boost Confidence
Market analyst ElonMoney states that PENGU holds the highest sentiment score among memecoins on Crypto Twitter. The token also fuels decentralized exchange inflows, reflecting broader market interest beyond centralized trading platforms. PENGU’s rapid growth in on-chain activity reflects the NFT-fueled rallies of the 2021 bull cycle.
$PENGU still holds the highest sentiment among all other memecoins on CT, as well as the largest inflows on DEX pic.twitter.com/Eg768Q03FG
— ElonMoney (@0xelonmoney) July 14, 2025
At the same time, broader macro sentiment remains favorable. Traders are rotating into altcoins as Bitcoin dominance cools slightly. The upcoming Fed rate decision and ETF speculation may continue to drive capital toward high-beta assets like PENGU.
PENGU Price Technical Structure Signals Bullish Control
According to the 4H chart, PENGU has maintained a strong uptrend since late June. The token rallied from below $0.01 to a recent high near $0.031. Multiple “Break of Structure” (BOS) events confirm buyer control, with each breakout flipping former resistance into support.
The ascending trendline and 30-period EMA remain intact. Pudgy Penguin Coin price has maintained both levels throughout the rally, showing excellent trend support. Relative Strength Index (RSI) is around 69, which indicates momentum is high but getting close to overbought. Should price be able to hold above $0.025 and $0.020 support levels, the next move could be to attempt to break the $0.030–$0.031 resistance range again.
PENGU ETF Speculation and Real-World Branding Shape Future Moves
Canary Capital’s ETF filing proposes an allocation model where 80%–95% of the product would be held in PENGU. As noted by The Defiant, the filing has already been acknowledged by the SEC, placing it into formal review. If approved, it would be the first ETF to merge meme coin exposure with NFT branding, creating a new category of crypto investment products.
The growing influence of Pudgy Penguins across social and corporate channels continues to shape market behavior. Traders are watching for sustained volume, ETF updates, and potential breakout confirmations above the $0.031 level. For now, Pudgy Penguins remains one of the most actively watched altcoins in the current cycle.
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