PENGU is rapidly rising as a global digital art brand. This brand has launched on multiple mainstream platforms and established partnerships with well-known Financial Institutions such as VanEck and Bitwise, as well as auction houses like Sotheby's. PENGU's success is not only reflected in its sales of over 2 million toys but also in its social media influence—boasting over 5 million followers, with its GIF views reaching an astonishing 116 billion.

It is worth noting that the Pudgy Penguins ETF may receive regulatory approval in October this year. Canary Capital Group has submitted the relevant ETF application documents to the U.S. Securities and Exchange Commission (SEC), marking the further penetration of crypto art into traditional financial markets.

From the market performance perspective, the price of PENGU is currently fluctuating within a downward channel. Analysts recommend that investors pay attention to the price level near 0.0295; if a double bottom pattern forms at this position, it may trigger a new round of upward momentum.

This development trend in the market for crypto art reflects that digital assets are gradually gaining mainstream recognition. However, investors still need to be cautious and closely monitor changes in the regulatory environment and market trends to make informed investment decisions. As more traditional Financial Institutions and giants from the art world join in, we may see the crypto art market present a more diversified and mature development trend in the coming years.