PENGU Jumps 50% on ETF Prospect and Gemini Listing
PENGU rallied nearly 50%, climbing from $0.032 to $0.047 after the US SEC’s review of Canary Capital’s first memecoin-and-NFT ETF proposal and a new listing on Gemini. The token now ranks 43rd by market cap after surpassing Bonk and Polygon’s MATIC, and has more than doubled its weekly volume to over $1 billion on Binance, Bitget and OKX. High-profile partnerships with NASCAR and Lufthansa have bolstered interest alongside aggressive whale accumulation of 200 million PENGU. Technical indicators show a strong breakout channel toward $0.05, while a daily RSI of 85 and $55 million moved to exchanges signal possible short-term consolidation.
Bullish
Positive triggers including the SEC’s review of the Canary Spot PENGU ETF, a high-profile Gemini listing and strategic partnerships have driven significant price and volume growth, indicating strong institutional and retail interest. Whale accumulation and a sustained breakout channel support further upside toward $0.05 and beyond. However, overbought RSI and token inflows to exchanges suggest potential short-term consolidation before continuation. Overall, the combination of fundamental catalysts and technical momentum points to a bullish outlook for PENGU in both the near and medium term.