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Pudgy Penguins (PENGU) has emerged as the best-performing meme coin of the top 10 tokens in this category over the past week with gains of nearly 60%.
This remarkable surge has been triggered by Canary Capital’s submission of an application to list a PENGU exchange-traded fund (ETF) in the United States.
Cboe Markets followed through and also submitted the required paperwork to have this vehicle listed in its prestigious exchange, setting off the countdown for the U.S. Securities and Exchange Commission (SEC) to review Canary’s application.
The @CBOE files the CANARY PENGU ETF 19b-4.
With this filing, the $PENGU and Pudgy Penguins NFTs ETF becomes only the second memecoin-style ETF, after DOGE, and first filing with NFTs to enter the @SECGov’s formal review process, joining coins such as BTC, SOL, XRP, and DOGE. pic.twitter.com/xtmHi6C8u8
— Igloo (@IglooInc) June 25, 2025
In addition, the token experienced a boost after the official Pudgy Penguin mascot rang the opening bell of the New York Stock Exchange (NYSE) along with the VanEck team to celebrate the bridge between traditional finance and digital assets through the launch of investment vehicles like the VanEck Digital Transformation ETF (DAPP).
This kind of event raises the public’s awareness about Pudgy Penguins and their mission. The company behind this project, Igloo Inc., also confirmed that they recently visited the U.S. Congress and held talks with members of the country’s top legislative body about the future of cryptocurrencies and the ‘ethos’ of meme coins and non-fungible tokens (NFTs).
PENGU Shows Signs of Exhaustion After Hitting $0.01550
Trading volumes for PENGU have increased by 55% to more than $800 million. This ranks PENGU among the most heavily traded assets in the crypto market in the past 24 hours, behind top tokens like Cardano (ADA), Sui (SUI), and Uniswap (UNI), whose market cap is much larger.
In the meme coin space, PENGU has emerged as the second most traded asset by 24-hour volume behind Dogecoin (DOGE) during this same period.
PENGU broke its descending triangle formation just a few days ago and trading volumes have stood above the 14-day average in every session since then.
This emphasizes the strength of this uptrend and the importance of the latest developments concerning the project, especially the one concerning the potential approval of an ETF.
The first and most obvious target for PENGU at the time would be its May 14 highs at around $0.017.
Selling pressure seems to have increased once PENGU got to $0.01550, as it hit an important milestone in terms of market cap at $1 billion when it touched that price level.
This could have triggered a significant volume of sell orders as it is a psychological threshold that market participants may perceive as ‘high enough’ for now.
The price action shows early signs of bullish exhaustion as reflected by the many wicks that 4-hour candles have left behind upon surpassing that level.
The Relative Strength Index (RSI) shows a bearish divergence as the oscillator has been dropping even though the price has been moving to higher ground.
This increases the odds of a pullback for PENGU in the near term that would be more than justified considering the significant rally that the token has experienced in the past few days.
The $0.0130 area seems like the most relevant support to watch for a mild retreat. If the price stays above this area, it could provide a more attractive entry for late buyers who believe that this bull run is still not over.
As public awareness of meme coins keeps rising, the best crypto presales like Token6900 (T6900) stand to gain.
Token6900 (T6900) is The Purest Meme Coin – No Use Case, Just Vibes
Token6900 (T6900) leverages the success of its predecessor, SPX6900, and gives late buyers the chance to ride a new trend that is taking over the meme coin space.
No use case, no memes, just pure greed coming out of a growing desire to ‘stick it to the man’ and mess around with the suits.
If you are tired of jumping from one unsuccessful trading strategy to another and listening to fake gurus who just sell smoke, T6900 is the best meme coin to buy.
The only requisite to get this project going is to believe in it and get others to join the community.
To buy $T6900, head to the Token6900 website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.
