The crypto world has no shortage of memecoins, but PENGU is starting to stand out in ways few imagined possible. What started as a playful memecoin is now positioning itself as a serious contender in the digital asset space.
With NFT ETFs in the pipeline, top chart analysts now predict the PENGU token to hit $0.10 mark, fueled by strong bullish patterns.
PENGU: From Toys to GIFs: Mainstream Appeal
PENGU isn’t just another memecoin. Over the past year, it’s become a top crypto brand, driven by Luca Netz, the entrepreneur who transformed Pudgy Penguins by focusing on characters over logos because people don’t remember logos, they remember faces.
From listings on major exchanges to partnerships with well-known institutions like VanEck, Bitwise, and even Sotheby’s, PENGU has managed to build legitimacy far beyond internet jokes.
Its reach into mainstream culture is also remarkable. The brand has sold more than 2 million toys, attracted over 5 million social media followers, and generated 116 billion GIF views.
These numbers show PENGU isn’t just a niche crypto project, it’s becoming a household character.
Pudgy Penguins ETF To Get Approval By Oct
Beyond the memes, serious institutions are paying attention. Canary Capital Group has filed with the Securities and Exchange Commission for permission to launch a Pudgy Penguins exchange-traded fund (ETF) that will keep up to 15% of its assets in Pudgy Penguins NFTs.
On top of it prediction markets show 58.5% don’t expect PENGU ETF approval before October, citing a lack of utility compared to established cryptocurrencies.
PENGU Token Eyeing $0.10 Level
Looking at the Pengu price chart, top analyst Ali Martinez says it could be on the verge of a major breakout. Martinez highlighted the falling wedge formation on PENGU’s 12-hour chart, a pattern that often precedes strong bullish moves.
As of now, Pengu is trading around $0.0357, the token sits just above its key support at $0.027. If this level holds, momentum could shift quickly in favor of buyers.
Martinez’s analysis shows possible stages of growth, with price levels at $0.043, $0.053, and $0.065 acting as milestones on the way to the $0.10 mark.
Still, risks remain. If PENGU fails to defend $0.027, the token could slip toward the $0.022–$0.024 range.
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