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It’s absolutely crazy how $PENGU outperformed all memes last week.
Whales started bidding heavily after the ETF hype got real.
But on June 25th the speculations finally ended
Because, Cboe BZX Exchange filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list the Canary $PENGU ETF.
This ETF would allocate 80–95% of its holdings to $PENGU and 5–15% to Pudgy Penguins NFTs, according to the proposal.
and to enable this network transactions, a tiny amount of Solana $SOL & Ethereum $ETH
It’s a well thought out hybrid structure that has attracted attention as a possible gateway for institutional exposure to risk-on, community-driven digital assets.
After the News of the filing got out, there’s been a significant whale activity culminating into the recent price rally.
This news has also lifted sentiment in the NFT sector a bit 🤏 (this much)
The Pudgy Penguins floor price is currently 9.49 ETH, even Lil pudgy’s are up in price action
Only a matter of time before $PENGU starts catching up, because it definitely will.
Where do you see $PENGU going in a few weeks from now?