PENGU Token Soars 25% Amid SEC ETF Review and Game Launch
The PENGU token, linked to the Pudgy Penguins ecosystem, surged by over 25% in the last 24 hours, reaching $0.01849, driven by two major catalysts: a confirmed mobile game launch and renewed ETF excitement.
On July 10, the U.S. Securities and Exchange Commission (SEC) officially acknowledged Canary Capital Group’s filing for the Canary Spot PENGU ETF. If approved, this would mark the first U.S. exchange-traded fund (ETF) to combine a memecoin with non-fungible tokens (NFTs). The ETF proposes allocating 80–95% of its portfolio to PENGU tokens, with the remainder invested in Pudgy Penguins NFTs and small portions of Solana and Ethereum for liquidity.
Canary Capital aims to provide traditional investors with exposure to Web3 assets without the need to directly own tokens or NFTs. The fund will actively manage its NFT holdings, selecting assets based on rarity and aesthetic appeal, though no specific exchange for listing has been announced.
In addition to the ETF buzz, Pudgy Penguins revealed plans for Pudgy Party, a mobile game developed with Mythical Games, set to launch in August 2025. The game blends casual, party-style gameplay with NFT avatars and on-chain rewards, running on the Polkadot-based Mythos Chain, which powers Mythical’s NFL Rivals—a title with over six million downloads.
The market responded swiftly, with PENGU’s trading volume spiking 138% to $486 million in 24 hours, pushing its market cap to $1.16 billion.
The combination of the ETF filing and Pudgy Party has fueled bullish sentiment. SEC approval could position PENGU as the first memecoin integrated into a regulated financial product, a landmark achievement for both cryptocurrencies and NFTs in mainstream finance.
