Pudgy Penguins (PENGU) Surges Amid SEC ETF Filing and Market Activity

Pudgy Penguins (PENGU), a popular meme cryptocurrency, experienced a significant price surge on July 10, 2025, reaching a near six-month high. This rally was primarily driven by the US Securities and Exchange Commission (SEC) officially acknowledging the filing for the Canary PENGU exchange-traded fund (ETF). The acknowledgment led to a double-digit increase in PENGU’s price, adding momentum to its bullish trend.

SEC’s Crypto-Friendly Stance

The SEC’s acknowledgment of the ETF filing is part of a broader trend of increased crypto-friendliness under President Donald Trump’s administration. This shift has not only benefited major cryptocurrencies like Bitcoin and Ethereum but also meme coins such as PENGU. The potential approval of the ETF could provide a more regulated and accessible investment vehicle for PENGU holders, further boosting its appeal.

Market Dynamics and Trading Volumes

In addition to the ETF filing, PENGU’s price surge was supported by growing trading volumes, particularly against the Korean won. Over the past 24 hours, PENGU grew by more than 27%, driven by these bullish factors. The increased interest from Korean traders has contributed to the coin’s momentum, highlighting its global appeal.

Short Whale Liquidation and Market Impact

The broader cryptocurrency market also saw significant activity, with a short whale liquidated for over $50 million as Bitcoin surged to a new all-time high. This event underscores the volatility and opportunities within the crypto market, which can have ripple effects on meme coins like PENGU.

PENGU’s Price Targets and Market Sentiment

Analysts have noted that PENGU’s rising inflows and breakout structure align with renewed market activity and social engagement. The coin’s price targets suggest potential for further gains, with traders eyeing a $0.060 breakout. This optimism is fueled by the ETF buzz and the coin’s strong performance in recent weeks.

Conclusion

Pudgy Penguins (PENGU) has capitalized on favorable regulatory developments and increased market interest, leading to a significant price rally. As the SEC continues to shape the crypto landscape, PENGU’s future could see further growth, especially if the ETF filing progresses positively. Investors and traders will likely keep a close watch on these developments, as they could have lasting impacts on the meme coin market.