- Analysts cite a cup-and-handle chart pattern, suggesting PENGU could keep rising towards $0.060 by August.
- Final SEC approval of this unique memecoin/NFT ETF could potentially push PENGU’s price even higher.
The price of PENGU token moved higher following disclosure of a proposed exchange-traded fund structure. U.S. regulators received paperwork for this ETF on July 10, 2025. Investment firm Canary Capital designed the fund through Cboe BZX Exchange.
This ETF would hold mostly PENGU tokens. Specifically, 80% to 95% of its assets would be in this Solana-based cryptocurrency. The remaining 5% to 15% would go toward Pudgy Penguins NFTs.
PENGU’s market value rose 56% over seven days
Trading activity increased 30% within 24 hours of the ETF announcement. This occurred while other digital assets lost value. For example, Bitcoin traded lower after recent political events. The token’s market valuation added $350 million during this period.
Three developments supported PENGU’s price movement. First, Revolut and South Korea’s Upbit exchange listed the token. Second, Pudgy Penguins branding appeared on Nasdaq’s advertising screens. Third, developers announced a mobile game called Pudgy Party for late 2025. These steps expanded PENGU’s visibility.
Slap yourself if you are sleeping on $PENGU. This is a textbook bullish retest. $0.060 by August is just the start. Once the ETF gets approved, who knows how far this can go. https://t.co/QJJVClSNjl pic.twitter.com/KfXhNAmgeq
— Ali (@ali_charts) July 9, 2025
ETHNews technical analysts observed specific chart formations. Ali Martinez identified a cup-and-handle pattern on July 2. He suggested the token might reach $0.044 if this pattern completes.
Other traders noted the MACD indicator showed upward momentum. However, the token remains volatile. PENGU currently trades 85% below its December 2024 peak. Regulatory uncertainty exists about the ETF’s approval prospects.
Traders now await two outcomes. The SEC must decide on the ETF proposal after its standard comment period. Separately, the mobile game launch could affect NFT demand. Token holders should note staking rewards of 7% to 11% annually remain available through Pudgy Penguins’ validator service.
