Pudgy Penguins (PENGU) has recently captured the attention of cryptocurrency traders with a significant price surge reminiscent of last year’s rally surrounding PEPE. In just one week, PENGU surged by over 70%, reaching a two-month high of $0.0163, surpassing established meme tokens like WIF, FLOKI, and BRETT in market cap rankings.
ETF Filing Sparks PENGU Surge
The primary driver behind PENGU’s sudden breakthrough appears to be a crucial regulatory development that could reshape the meme token landscape. On June 25, 2025, the Cboe BZX Exchange filed a 19b-4 document with the U.S. Securities and Exchange Commission (SEC) seeking approval for a unique hybrid ETF backed by Canary Capital.
This proposed ETF would allocate 80% to 95% of its assets to PENGU tokens, with the remainder comprised of Pudgy Penguins NFTs, creating a rare bridge between fungible tokens and digital collectibles. If approved, it would mark the first U.S. ETF to hold real NFTs alongside a meme token, potentially paving the way for institutional access to the NFT-supported meme economy.
Investor sentiment has turned overwhelmingly bullish following this announcement, with increased trading volume and social media buzz reflecting growing confidence in PENGU’s long-term potential.
Revolut Lists Pudgy Penguins (PENGU)
Compounding this momentum, fintech giant Revolut has added PENGU to its trading platform, granting millions of retail users worldwide access to the asset. This integration has enhanced PENGU’s accessibility and credibility, solidifying its status beyond a mere trend of fleeting meme tokens. The timing of the listing coinciding with ETF news has created a perfect storm of exposure and utility that has swiftly boosted demand and liquidity.
Strong Technical Indicators Support Bullish Sentiment
Technical indicators further bolster the bullish trajectory of PENGU, signaling sustained upward pressure in recent sessions. Short-term analysis shows solid support between $0.012 and $0.013, with resistance emerging around the $0.015 to $0.016 range.
A breakout above these levels could push the price toward the next major target of $0.01745, with some analysts even forecasting a potential surge to $0.044, representing a 200% increase. The Chaikin Money Flow (CMF) indicator records a healthy +0.21, well above the neutral zone, indicating strong capital inflows during the rally. Meanwhile, accumulation indicators such as A/D show sustained interest in dips, and the rising volume suggests buyers firmly control the market.
History May Be Repeating Itself
Market analyst Ali Martinez has drawn a compelling comparison between PENGU’s current structure and PEPE’s breakout model from last year. According to Martinez, PENGU’s existing formation mirrors the pre-rally phase of PEPE, and a daily close above the $0.015 to $0.017 range could trigger a similarly vertical movement.
$PENGU is starting to look a lot like $PEPE did before it exploded! A daily close above $0.015–$0.017, and this train could be unstoppable. pic.twitter.com/dQqc8lY7ev
— Ali (@ali_charts) July 1, 2025
Despite its recent strength, PENGU is still down 77.6% from its all-time high of $0.06845 in December 2024, leaving significant room for growth if the momentum continues. Meanwhile, the token has rebounded 312% from its April 2025 low of $0.003715, suggestinga solid fundamental base has been established. If history repeats itself, as it did with PEPE, Pudgy Penguins (PENGU) could soon lead the charge in the next wave of meme tokens—this time with deeper institutional roots and a hybrid structure that sets it apart from its predecessors.
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