Pudgy Penguins presyoPENGU

Canary Capital files for first Pengu ETF with SEC, targeting investments in PENGU tokens and Pudgy Penguins NFTs alongside ETH and SOL. Canary Capital seeks SEC approval for Pengu ETF, focusing on PENGU tokens, NFTs, and other digital assets. PENGU token rallies 10% post-ETF filing amid robust trading on Solana platforms. SEC scrutinizes ETFs for meme coins and NFTs, reflecting volatility and market novelty concerns. Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs. According to the filing published on Thursday, the proposed ETF will invest in the PENGU token, which is the official token of the Pudgy Penguins NFT project, as well as in Pudgy Penguins NFTs themselves. The filing also states that the ETF will hold other digital assets, including Ethereum (ETH) and Solana (SOL), to support trading and transfers. PENGU Market Reaction and Price Movement Following the ETF announcement, the PENGU token saw a sharp 10% price increase during early trading. It broke above previous resistance levels and moved past the Ichimoku cloud, indicating a possible shift in momentum. The Relative Strength Index (RSI) for PENGU moved from 44.86 to 62 shortly after the news, indicating increased buying activity. The RSI remains below the overbought level of 70, suggesting that further gains are still possible. Many of the analysts are now focusing on the $0.0093 as the next level of resistance backed by the Robinhood listing last week. A breakout above that level means the token will be trading above the $0.010 mark, the first time in a month. However, if the momentum disappears, the token may fall back to $ 0.0062 support area. Mixed Reactions From the Crypto Community On Pengu ETF The ETF proposal has sparked different responses from traders and analysts online. Some have raised doubts about investor demand for a fund tied to a meme coin and NFT project that is less than six months old. $PENGU

Want to stay updated on the latest developments in crypto? Here are today’s top stories impacting Bitcoin prices, blockchain, DeFi, NFTs, Web3, and crypto regulation. Canary Capital Files for PENGU ETF Asset manager Canary Capital has submitted a filing to list an exchange-traded fund (ETF) backed by Pengu ($PENGU )—the governance token of the Pudgy Penguins NFT project, according to U.S. regulatory filings. The ETF is part of a growing wave of investment products tied to spot cryptocurrencies, including altcoins and memecoins. According to the filing, the ETF will hold spot PENGU alongside various Pudgy Penguins NFTs. If approved, it would be the first U.S. ETF to include NFTs. Additionally, the filing states: “The Trust will also hold other digital assets, such as $SOL and $ETH , that are necessary or incidental to the purchase, sale, and transfer of the Trust’s PENGU and Pudgy Penguins NFTs.” Launched in December, PENGU currently has a market capitalization of approximately $438 million, as of March 20, according to CoinGecko. Coinbase Becomes Ethereum’s Largest Node Operator with 11% Stake Coinbase has officially become the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH), according to its latest performance report. As of March 3, the crypto exchange had 3.84 million ETH staked, valued at approximately $6.8 billion. Coinbase also reported that it had exceeded its target for validator uptime, highlighting the platform’s reliability in securing the Ethereum network. Solana CEO Responds to Backlash Over Controversial Ad Anatoly Yakovenko, CEO of Solana Labs, has addressed the controversy surrounding Solana’s “America Is Back — Time to Accelerate” advertisement, which faced criticism for mixing patriotism, tech innovation, and political messaging on gender identity. “The ad was bad, and it’s still gnawing at my soul,” Yakovenko admitted in a March 19 post on X, after facing widespread backlash. Initially, Yakovenko downplayed the controversy but later acknowledged his mistake: “I am ashamed I downplayed it instead of just calling it what it is—mean and punching down on a marginalized group.” He also praised the Solana community for holding the project accountable. The ad, which was posted on Solana’s official X account, gathered 1.2 million views and 1,300 comments before being deleted nine hours later. Moving forward, Yakovenko pledged to keep Solana focused on open-source software development and decentralization, steering clear of cultural and political debates.

$PENGU current price is $0.006723, showing a +4.61% gain❗ A great sign for traders and investors watching this pair closely❗ The 24-hour high touched $0.006940, while the low was $0.006265—a solid range for volatility and potential profits❗ With a massive trading volume of 2.84B PENGU, liquidity is strong, and the action is heating up❗ This could be the start of something bigger❓ The chart is showing some signs of recovery, and if momentum continues, we might see a strong breakout soon❗ 🚨 $PENGU /USDT Trade Signal 🚨 Pair: PENGU/USDT Current Price: $0.006723 Trend: Signs of recovery after a dip 📈 🔹 Entry: $0.006600 - $0.006750 🔹 Target 1: $0.007200 🔹 Target 2: $0.007800 🔹 Target 3: $0.008500 🔹 Stop Loss: $0.006200 Risk Management: Always use proper stop-loss and position sizing to protect your capital❗$PENGU

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Open LONG $PENGU EntrY MARKET SL0.006635 TP 0.006920 TP 0.007080 TP 0.007200 GOODLUCK