Captured By Tracy D'souza / 4:07 pm on 28 July 2025
PENGU, the token tied to Pudgy Penguins, surged 305% as the 2025 altseason intensifies, driven by speculation over a proposed Spot PENGU ETF by Canary Capital. Investors are excited about the token’s ties to a strong NFT brand expanding into toys, media, and Layer-2 tech. Technical indicators suggest bullish momentum, with resistance at $0.045 and potential upside toward $0.065. Analysts predict a 2025 target of $0.06–$0.09 if momentum holds. However, PENGU remains a volatile memecoin, vulnerable to ETF approval setbacks or market shifts. While growth prospects are real, risks remain high for speculative investors riding the meme wave.
