Pudgy Penguins (PENGU) Crypto Skyrockets 28% Due to ETF, Analysts Predict $0.060!

Jakarta, Pintu News – PENGU, the token associated with Pudgy Penguins , surged more than 28% in the last 24 hours and is now trading at IDR 308.5.

According to recent reports, this rise was triggered by two major developments: the confirmed launch of the game and a renewed boost of ETF momentum.

Crypto PENGU Price Rises 28.01% in 24 Hours

Reporting on the Pintu market page today (10/7/25), the price of Pudgy Penguins was recorded to have jumped 28.01% within 24 hours. PENGU had touched its lowest price at IDR 234.8 and its highest price at IDR 313.2.

According to data from CoinMarketCap, Pudgy Penguins crypto’s market capitalization stands at around $1.11 billion, with trading volume touching $373.92 million, registering an 81% increase in the last 24 hours.

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ETF adoption triggers memecoin rally in Solana

Renowned trader @ali_charts calls this situation a “textbook bullish retest”, and predicts a price surge towards $0.060 in August as investor confidence increases.

The ETF proposed by Canary Capital Group will include PENGU, the NFT of Pudgy Penguins, as well as well-known cryptos such as Solana and Ethereum .

If approved, this will be the first ETF fund to combine NFTs and memecoins, linking Web3 innovations with traditional financial market regulatory frameworks.

Market analysts see this as a major shift in the approach to digital assets aimed at retail investors.

According to the filing document, the ETF will allocate 80-95% of the fund to PENGU on a spot basis, 5-15% to selected Pudgy Penguins NFTs, and a small percentage to SOL and ETH for liquidity purposes.

The combination of these portfolios creates a rare hybrid structure, aligning culture-based intellectual property with blockchain-native assets for long-term value exposure in public markets.

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Pudgy Penguins ETF Could Redefine the Role of Crypto

The Pudgy Penguins NFT, consisting of 8,888 unique characters, became a key foundation in the project’s brand ecosystem.

Its presence has gone beyond crypto and into retail through licensing products such as Pudgy Toys sold at Walmart and Target, demonstrating its broad cultural and commercial reach.

The PENGU token is the official utility token on the Solana network that powers the Pudgy Penguins ecosystem, including games, digital items, and NFT interactions. With a market capitalization of close to $970 million, the token is increasingly in demand by both crypto investors and retail users.

The ETF’s focus on spot ownership of PENGU reflects institutional confidence in its innovative position in the ecosystem. If approved, this fund could potentially be the first regulated investment vehicle linked to memecoins, paving the way for other digital-native tokens.

Canary Capital’s approach goes beyond the conventional crypto ETF concept, incorporating PENGU, NFTs, and top-tier blockchain tokens.

These hybrid fund structures could be the first step towards wider institutional adoption and legitimization of memecoins in mainstream finance.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto Times. PENGU Surges 25% as SEC Reviews First NFT-Based Memecoin ETF. Accessed on July 10, 2025
• Tron Weekly. Pudgy Penguins Rockets on ETF Buzz, Analysts Predict Explosive Rally to $0.060. Accessed on July 10, 2025