The post Will It Follow in PEPE’s Footsteps? appeared on BitcoinEthereumNews.com.

While the majority of coins, including Bitcoin (BTC), are in the red following the Senate’s passage of President Donald Trump’s ‘Big, Beautiful Bill’ and escalating tensions between Trump and Elon Musk, PENGU has bucked the trend. Over the past week, it has risen 56.2%, outperforming the broader market. This has led analysts to speculate that PENGU could be on the verge of a rally similar to what happened with Pepe (PEPE). Why is PENGU’s Price Rising? Pudgy Penguins (PENGU), a Solana-based meme coin tied to the popular Pudgy Penguins NFT collection, has been on a notable rally for over a week. According to data from BeInCrypto, it was trading at $0.015 at press time. This represented an appreciation of 8.58% over the past day alone.  Pudgy Penguins (PENGU) Price Performance. Source: BeInCrypto At the same time, the total crypto market capitalization has dipped 3.18%, highlighting PENGU’s strength in a market otherwise in decline. Moreover, the altcoin has also secured a spot among the top trending coins on CoinGecko. But what’s causing this massive rise? Several factors could be contributing to PENGU’s performance. First, the NFT market is showing strong growth overall. According to Artemis data, NFT has been the top-performing sector over the last week, with a 33.8% uptick.  Crypto Sector’s Performance. Source: Artemis Additionally, interest in Pudgy Penguins is notably high. As per Cryptoslam, the trading volume of Pudgy Penguins NFTs is up 157% over the past 24 hours. Meanwhile, institutional interest in the meme coin is also growing. Last week, Cboe BZX filed a 19b-4 form with the SEC to list and trade shares of Canary Capital’s proposed PENGU ETF. “With this filing, the PENGU and Pudgy Penguins NFTs ETF becomes only the second meme coin-style ETF, after DOGE, and first filing with NFTs to enter the SEC’s…

---

Filed under: News - @ July 2, 2025 7:23 am