PENGU Price Prediction – First NFT Meme Coin ETF Sends Pudgy Penguins Soaring
The post PENGU Price Prediction – First NFT Meme Coin ETF Sends Pudgy Penguins Soaring appeared on BitcoinEthereumNews.com.
The popular Solana meme coin, Pudgy Penguins (PENGU), continues to be one of the top-performing crypto assets in this bull cycle. The PENGU crypto price surged last Thursday after the US Securities and Exchange Commission officially acknowledged Canary Capital’s filing for a spot PENGU exchange-traded fund. The proposed ETF would primarily hold the meme coin, along with a small allocation of Pudgy Penguin NFTs and reserve balances in SOL and ETH for gas and liquidity. If approved, it would become the first ETF offering an NFT. The PENGU price has skyrocketed by more than 100% over the past week, posting the second-highest gains of any top 100 cryptocurrency on CoinMarketCap. Similarly, it has rallied by nearly 200% over the past 30 days, again the second-best performance of any top 100 crypto, trailing only MemeCore. Following its strong outperformance, sidelined investors are now debating whether to enter at current price levels or wait for a more favourable entry point. PENGU price predictions from seasoned analysts suggest the meme coin still has significant upside. While new buyers can still grab attractive returns from it in Q3, they should watch key support and resistance levels closely to avoid investing at the wrong time. Is It Too Late To Invest In Pudgy Penguins? The crypto market is in a bull run, with Bitcoin pushing higher in price discovery. However, certain altcoins are seeing much stronger rallies, and Pudgy Penguins is one of the coins stealing the spotlight. The PENGU coin broke out of the key $0.017 resistance last week, which has resulted in an explosive rally to $0.0325. The meme coin is currently moving within an ascending broadening wedge, which is typically a bearish pattern. However, a breakout above the upper trendline could result in another explosive bullish continuation. Meanwhile, Pudgy Penguins’ 4-hour and…
Filed under: News - @ July 15, 2025 2:27 am