PENGU strongly leads the rise in the Meme coin sector, with the ETF submission igniting a 243% monthly rise, targeting the historical high.

PENGU leads the Meme coin zone, ETF submission triggers fear of missing out (FOMO) emotions PENGU has recorded a significant rise in the past 7 days, with a cumulative increase of 243% over the past 30 days, far exceeding the average performance of similar Meme coins by more than 15 times. The core catalyst comes from Canary Capital's ETF application for PENGU, which has been officially received by the SEC, meaning that the review process has officially started, clearing procedural obstacles for subsequent listing. This event has attracted significant market attention, pushing PENGU to the top of the LunarCrush social engagement ranking, further intensifying fear of missing out (FOMO) sentiment. Data shows that PENGU's trading volume reached $2 billion within 24 hours, nearly equal to its market capitalization, reflecting strong buying pressure.

NFT performance is strengthening simultaneously, and brand collaborations continue to expand their influence The floor price of Pudgy Penguins NFT has surged from 8.8 ETH to 14 ETH in the past month, an increase of 59%. During this period, the price of Ethereum has also risen by nearly 20%, and the compounded effect makes the increase in USD terms even more remarkable. The PENGU project not only has a very high level of community engagement, but its brand expansion is also continuously advancing. Recently, the Pudgy Penguins mascot rang the bell at Nasdaq together with the asset management company VanEck, attracting widespread coverage from mainstream media and injecting a force of "brand normalization" into the Meme coin space.

The technical indicators have released a buy signal, with a short-term target aimed at $0.047 The PENGU price has shown a strong technical breakout. On the daily level, the 9-day and 21-day EMA moving averages have formed a golden cross and are above the 200-day EMA, which is a classic trend reversal signal indicating that bullish momentum is continuing to strengthen.

Since our last analysis was published, PENGU has achieved a 75% increase and there is still considerable upside potential at this stage. The short-term target is set at $0.047, which has an upside potential of 42% from the current price. If the price retraces to the 9-day or 21-day moving average during this process, it will provide a more ideal entry point.

The era of Meme coin ETFs may be about to begin, and PENGU is expected to become a pioneer The U.S. Securities and Exchange Commission (SEC) has recently approved the Solana staking ETF and the 2x leveraged XRP ETF launched by ProShares, paving the way for more altcoin-related products. If the PENGU ETF is successfully approved, it will become the first listed Meme coin ETF in the United States. This is not only a historic moment for the project, but it could also open a new chapter in the financialization of the entire Meme coin sector.